Palmona Co. establishes a $220 petty cash fund on January 1.On January 8, the fund shows $103 in cash along wath receipts for the the perpetual system in accounting for merchandise inventory Prepare journal entries to () establish the fund on January 1,(2) remburse It on January 8, and (3) both relmburse the Increase it to $270 on January 8, assuming no entry in part 2 (Hint Make two separate entries for part 3) expenditures: postage. $49, transportation-in, $14, delivery expenses, $16, and miscellaneous expenses, $38. Palmona uses fund and Answer is not complete No Date General Journal Credit Pelty casth Jan 01 Cash Postage expense Jan 08 14 10 38 Delivery expense Cash 270 Pety cas Cash an 08 270 50 Pety cas Cash an 06 50