Cameron Co$.$ established a $$162$ petty cash fund on January $1,2023.$ One week later, on January $8,$ the fund contained $$31\mathrm{.}53$ in cash and receipts for these expenditures: postage, $$45\mathrm{.}36$; transportation$-$in$,$ $$29\mathrm{.}16$; store supplies, $$35\mathrm{.}39$; and a withdrawal of $$20\mathrm{.}56$ 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 $1.$

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Journal entry worksheet

$1$

Record the entry to establish the fund.

Nate: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit$],[$January $01,2023,$Petty cash,$16],[$Cash$,],[,],[,],[,],[,]]$

Racord antry

Clear entry

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.$)$