Palmona Co, establishes a $280 petty cash fund on January 1. On January 8, the fund shows $167 in cash along with receipts for the following expenditures postage, $47, transportation-in, $14, delivery expenses, $16; and miscellaneous expenses, 536. Paimona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and Increase it to $330 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. 3 nts book HI View transaction that Journal entry worksheet Record the increase of the petty cash fund. Noter er detits before credits General Journal Dobit Crochet Jan BALONCE CLE Vio M G P 103 III Next >