Palmona Company establishes a $$210$ petty cash fund on January $1.$ On January $8,$ the fund shows $$103$ in cash along with receipts for the following expenditures: postage, $$48$; transportation$-$in$,$ $$10$; delivery expenses, $$12$; and miscellaneous expenses, $$37.$ Palmona uses the perpetual system in accounting for merchandise inventory.

Prepare the entry to establish the fund on January $1.$

Prepare the entry to reimburse the fund on January $8$ under two separate situations:

To reimburse the fund.

To reimburse the fund and increase it to $$260.$ Hint: Make two entries.