Exercise 7-5 Petty cash fund LO4 Cameron Co, established a $200 petty cash fund on January 1, 2929. One contained $46.85 in cash and receipts for these expenditures: postage, $51- supplies, $41.55; and a withdrawal of $25.00 by Jim Cameron, the owner. C to account for merchandise inventory. a Prepare the journal entry to establish the fund on January 1. b. Prepare a summary of the petty cash payments similar to Exhibit 7.3 a fund on January 8, January & entry to reimburse the fund w