ement? Wh s Petty cash fund LO4 o. established a $200 petty cash fund on January 1, 2020. On 46.85 in cash and receipts for these expenditures: postage, $5 1.55; and a withdrawal of $25.00 by Jim Cameron, the owne or merchandise inventory. he journal entry to establish the fund on January 1. a summary of the petty cash payments similar to Exhibit January 8. ent: If the January 8 entry to reimburse the f of January, would profit be o