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7 Waupaca Company establishes a $440 petty cash fund on September 9 On September 30, the fund shows $216 in cash along with receipts for

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7 Waupaca Company establishes a $440 petty cash fund on September 9 On September 30, the fund shows $216 in cash along with receipts for the following expenditures: transportation-in, $49, postage expenses. $53, and miscelianeous expenses, $114. The petty cashier could not account for a $8 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare (0) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $510 look View transaction list Hint Journal entry worksheet Print Prepare the journal entry to establish the Petty Cash fund erences Note: Enter debits before credits Date Sept 9 General Journal Debit Credit Record entry Clear entry View general journal

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