Exercise 8-10 Petty cash fund accounting LO P2 Polmona Co. establishes a $320 petty cash fund on January 1, On January 8, the fund shows $231 in cash along with receipts for the following expenditures: postage. $35, transportation-in. $14. delivery expenses. $16; and miscellaneous expenses, $24. Polmona uses the perpetual system in accounting for merchandise Inventory Prepare journal entries to (1) establish the fund on January 1, (2) relmburse it on January 8, and (3) both remburse the fund and Increase it to $370 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction et Journal entry worksheet 2 3 Prepare the journal entry to establish the petty cash fund. Note: Enter debts before credits Dobit Credit General Journal Date Jan 01 rnal entry worksheet 1 3 cord the reimbursement of the petty cash fund. Enter debits before credits. General Journal Date Debit Credit Jan 08 Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both Increase it to $370 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part View transaction list Journal entry worksheet repare journar entries to testaisni the fund on January 11, reimburse it on January 8, and is born reimburs crease it to $370 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list Journal entry worksheet