Palmona Company establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74, transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. Palmona uses the perpetual system in accounting for merchandise inventory, 1. Prepare the entry to establish the fund on January 1, 2. Prepare the entry to reimburse the fund on January 8 under two separate situations: a. To reimburse the fund, b. To reimburse the fund and increase it to $450. Hint Make two entries. View transaction list Journal entry worksheet Record the journal entry to establish the petty cash fund, Note: Enter debits before credits General Journal Credit Date January 01 Debit 200 Petty cash Cash 200 ! Answer is not complete. No Date General Journal Credit Debit 200 1 January 01 Petty cash Cash 200 2 January 08 Postage expense Transportation in Delivery expense Miscellaneous expenses Cash 74 29 16 43 OOO 162 4 January 08 250 Petty cash Cash Ols 250