Cameron Co$.$ established a $\backslash (\backslash$$ $156\backslash )$ petty cash fund on January $1,2023.$ One week later, on January $8,$ the fund contained $\backslash (\backslash$$ $30\mathrm{.}39\backslash )$ in cash and receipts for these expenditures: postage, $\backslash (\backslash$$ $43\mathrm{.}68\backslash )$; transportation$-$in$,\backslash (\backslash$$ $28\mathrm{.}08\backslash )$; store supplies, $\backslash (\backslash$$ $34\mathrm{.}07\backslash )$; and a withdrawal of $\backslash (\backslash$$ $19\mathrm{.}78\backslash )$ 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 $1.$ Journal entry worksheet Note: tnter debits betore credits.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 Record the entry to reimburse the fund. Note: Enter debits before credits. 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? Understated Overstated