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Save & Exit Submit Cameron Co. established a $186 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $36.09 in cash and receipts for these expenditures: postage, $52.08; transportation-in, $33.48; store supplies, $40.67; and a withdrawal of $23.68 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory a. Prepare the journal entry to establish the fund on January 1 View transaction list Journal entry worksheet 1 > Record the entry to establish the fund. P8262mms scarcollege webportal Halo Save Sul b. Prepare a summary of the petty cash payments and record the entry to reimburse the fund on January 8. (Round your answers to 2 decimal places.) CAMERON CO. Potty Cash Payments Report January 18, 2020 Receipts Postage expense Store supplies exponse Store supplies expenno Jim Cameron, withdrawals Cash Total receipts Fund total 0.00 Equals: Cash required to replenish potly cash Cash overl(short) Journal entry worksheet Help Save SE 1 Record the entry to reimburse the fund. Note: Enter debits before credits Date January 08 2020 General Journal Debit Credit BO Co WORD Analysis Component: If the January 8 entry to reimburse the fund were not recorded and financial statements were prepared for the month of January would profit be over- or understated? Understated Overstated