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Pelmona Compary establishes a $130 petty cash fund on Jamuary 1.0 O Jarmary 8 , the fund
shows $25 in cash along with receipts for the following expenditures: postage, $45,
transportation in, $12 delvery expenses, $4, and miscellaneous expenses . 5.34 . Palinona. uses
the perpetual system in accounting for merchandise inventory. 1. Prepare the entry to establish
the fund on jimuary 1 2. Prepare the entry to reinburse the fund on January 8 under fwo sepairate
shuabons: a. To reimburse the fund b. To reliburse the fund and increase it to $180 Hint Make
two entres.

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  • 1. Pelmona Compary establishes a $130 petty cash fund on Jamuary 1.0 O Jarmary 8 , the fund shows $25 in cash along with receipts for the following expenditures: postage, $45, transportation in, $12 delvery expenses, $4, and miscellaneous expenses . 5.34 . Palinona. uses the perpetual system in accounting for merchandise inventory. 1. Prepare the entry to establish the fund on jimuary 1 2. Prepare the entry to reinburse the fund on January 8 under fwo sepairate shuabons: a. To reimburse the fund b. To reliburse the fund and increase it to $180 Hint Make two entres.