Paloma Co. established a $170 petty cash fund on Jan 1 .on Jan 8 the fund showed $59 in cash along with receipt for the following expenditures. expenditures postage, $46, Office supplies $14, delivery expense $16 and miscellaneous expense , $35.

>how to prepare journal entry to established petty cash funds on jan1

>reimburse petty cash Jan 8

>increase or reimburse petty cash $220 on Jan 8

>make two separate entry to reimburse and increase

Please explain