urgent

Cameron Co established a $200 petty cash fund on January 1, 2023. One week later, on January 8 , the fund contained $46.85 in cash and receipts for these expenditures: postage, $5160, 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. o. Prepare the joumal entry to establish the fund on January 1 . 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.) Journal entry worksheet Anolysis Component: If the January 8 entry to reimburse the fund were not recorded and financial staternents were prepared for the month of Jariuary. would profic be over-or understated? Overstated Understated