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Cameron Co. established a $200 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $46.85 in cash and receipts for these expenditures: postage, $51.60; transportation-in, $35.00; store supplies, $41.55; and a withdrawal of $25.00 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 2 3 Record to reimburse the fund. Note: Enter debits before credits. Debit Credit Date General Journal Oct 31, 2020 rint rences Record entry Clear entry View general journal 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? O Overstated O Understated