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Help Save & Exit Sub Check my work Paimona Co. establishes a $300 petty cash...

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Accounting

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Help Save & Exit Sub Check my work Paimona Co. establishes a $300 petty cash fund on January 1. On January 8, the fund shows $211 in cash along with receipts for the following expenditures postage, $36, transportation in $13delivery expenses. 515, and miscellaneous expenses. $25. Paimona uses the perpetual system in accounting for merchandise inventory Doints Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2. Hint Make two separate entries for part 3) View transaction list Journal entry worksheet

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