Palmona Co. establishes a $300 petty cash fund on January 1. On January 8, the fund shows $211 in cash along with receipts for the following expenditures: postage, $35; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $24. 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 $350 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3. View transaction list Journal entry worksheet 1 2 3 4 Prepare the journal entry to establish the petty cash fund. Note: Enter debit before credits General Journal Date Jan 01 Debit Credit