Palmona Co. establishes a $250 petty cash fund on January 1. On January 8, the fund shows $155 in cash along with receipts for the following expenditures: postage, $39; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $28. 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 $300 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. * Answer is not complete. General Journal Credit NO 1 Date Jan 01 Debit 250 Petty cash Cash 250 2 Jan 08 Postage expense Merchandise inventory Delivery expense Miscellaneous expenses Cash OOOOO 39 13 15 28 95 3 Jan 08 50 X Petty cash Cash 50 X