Palmona Co. establishes a $190 petty cash fund on January 1. On January 8, the fund shows $81 in cash along with receipts for the following expenditures: postage, $45; transportation-in, $14; delivery expenses, $16, and miscellaneous expenses, $34. Palmona uses the perpetual system in accounting for merchandise inventory fund on January 1, (2) reimburse It on January 8, and (3) both reimburse the fund and Prepare Journal entries to (1) establish the Increase It to $240 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3.) View transaction list Journal entry worksheet 2 3 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Debit Credit Date General Journal Jan 01 Record entry Clear entry View general joumal repare journal entries to est crease it to $240 on January 8, assuming no entry In part 2. (Hint: Make two separate entrles for View transaction list Journal entry worksheet > 4