make corrections in it

Cameron Co. established a $178 petty cash fund on January 1,2023 . One week later, on January 8 , the fund contained $34.57 in cash and receipts for these expenditures: postage, $49.84; transportation-in, $32.04; store supplies, $38.91; and a withdrawal of $22.64 by Jim Cameron, the owner. Cameron uses the perpetual method 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 and record the entry to reimburse the fund on January 8 . (Round your answers to 2 decimal places.)