Palmona Co. establishes a $220 petty cash fund on January 1. On January 8, the fund shows $117 in cash along with receipts for the following expenditures: postage, $45; transportation-in, $11; delivery expenses, $13; and miscellaneous expenses, $34. 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 $270 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list View journal entry worksheet No General Journal Debit Credit Date Jan 01 1 Petty cash 220 Cash 220 2 Jan 08 13 45 Postage expense Merchandise inventory Delivery expense Miscellaneous expenses Cash 13 34 105 3 Jan 08 13 45 Postage expense Merchandise inventory Delivery expense Miscellaneous expenses 13 34 Cash 105 4 Jan 08 Petty cash Cash