Question 1 Pyramids Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $159 in cash along with receipts for the following expenditures: postage, $49; transportation-in, $11; delivery expenses, $13; and miscellaneous expenses, $38. Pyramids uses the perpetual system in accounting for merchandise inventory. Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $320 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3.)