Palmona Co establishes a $260 petty cash fund on January 1. On January 8, the fund shows $169 in cash along with receipts for the following expenditures: postage. $38; transportation-in, $12: delivery expenses, $14; and miscellaneous expenses, $27. 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 $310 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits Date Jan 08 Debit Credit General Journal Postage expense Merchandise inventory Delivery expense Miscellaneous expenses Record entry Clear entry View general Journal Palmona Co, establishes a $260 petty cash fund on January 1. On January 8, the fund shows $169 in cash along with receipts for the following expenditures: postage, $38; transportation-in, $12; delivery expenses, $14; and miscellaneous expenses, $27. 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 $310 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3 View transaction list Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Jan 08 Record entry Clear entry View general journal Palmona Co, establishes a $260 petty cash fund on January 1. On January 8, the fund shows $169 in cash along with receipts for the following expenditures: postage, $38; transportation-in, $12, delivery expenses, $14; and miscellaneous expenses, $27. 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 $310 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list Journal entry worksheet (034 Record the increase of the petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Jan og Record entry Clear entry View general journal