Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous the perpetual system in accounting for merchandise inventory expenses, $43. Palmona uses Prepare journal entries to () establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund increase it to $450 on January 8, assuming no entry in part 2. (Hint Make two separate entries for part 3.) and View transaction list Journal entry worksheet 123 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 ew general journal Rcord entry Clear entry