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39:01 Willard Company established a $500 petty cash fund on September 9, 2020. On September 30, the fund had $199.40 in cash along with

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39:01 Willard Company established a $500 petty cash fund on September 9, 2020. On September 30, the fund had $199.40 in cash along with receipts for these expenditures: transportation-in, $40.50, office supplies, $14170, and repairs expense, $111.40 Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $7.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list View journal entry worksheet No Dato General Journal Dobit Credit 1 Sep 09, 2020 Potty cash 500 Cash 500

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