Co CMY UHLICH (3) both reimburse the fund and increase it to $450 on January 8, assuming no entry in part 2. (Hint: Male inventory. Prepare journal entries to (1) establish the fund on January 1. (2) reimburse it on January 8, 20 two separate entries for part 3.) Palmona Co, establishes a $200 petty cash fund on January 1. On January 8, the fund shows S38 in cas along with receipts for the following expenditures: postage. $74; transportation-in. $29; delivery expenses S16; and miscellaneous expenses. S43. Palmona uses the perpetual system in accounting for merchandise