Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $55 in cash along with receipts for the following expenditures: postage, $36; transportation-in, $11; delivery expenses, $13; and miscellaneous expenses, $25. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal 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 $190 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal 2 3 4 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jan 08 Record entry Clear entry View general journal N Record the reimbursement of the petty cash fund. Note: Enter debits before credits. General Journal Debit Credit Date Jan 08 Record entry Clear entry View general journal