Palmona Co. establishes a $290 petty cash fund on January 1. On January 8, the fund shows $197 in cash along with receipts for the following expenditures: postage, $40; transportation-in, $11; delivery expenses, $13; and miscellaneous expenses, $29. 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 $340 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list View journal entry worksheet General Journal Debit Credit No 1 Date Jan 01 290 Petty cash Cash 290 N Jan 08 40 11 Postage expense Merchandise inventory Delivery expense Miscellaneous expenses Cash 13 29 3 Jan 08 93 Petty cash Cash 93 4 Jan 08 93 Petty cash Cash 93