Exercise 8-10 Petty cash fund accounting LO P2 Palmona Co. establishes a $230 petty cash fund on January 1 . On January 8 , the fund shows $135 in cash along with receipts for the following expenditures: postage, $39; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $28, Palmona uses the perpetual system in accounting for merchandise inventory. Prepare joumal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both. reimburse the fund and increase it to $280 on January 8 , assuming no entry in part 2 . Hint: Make two separate entries for part 3. Journal entry worksheet 4 Prepare the journal entry to establish the petty cash fund. Noter Enter denbits before credits