Exercise 8-10 Petty cash fund accounting LO P2 Palmona Co establishes a $240 petty cash fund on January 1 On January 8, the fund shows $151 in cash along with receipts for the following expenditures: postage. $37, transportation-in. $12, delivery expenses, $14, and miscellaneous expenses, $26. Pamona uses the perpetual system in accounting for merchandise inventory Prepare journal entries to (1) establish the fund on January 1 (2) reimburse it on Jandary 8, and (3) both reimburse the fund and increase it to $290 on January 8, assuming no entry in part 2 Hint Make two separate entries for part 3 View transaction list Journal entry worksheet 1 2 3 4 Prepare the journal entry to establish the petty cash fund, Hote: Enter debit before credits na