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Waupaca Company establishes a $360 petty cash fund on September 9. On September 30, the fund shows $92 in cash along with receipts for the following expenditures: transportation-in, $56; postage expenses, $57; and miscellaneous expenses, $141. The petty cashier could not account for a $14 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory.

Prepare (1) 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 $415

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1 Prepare the journal entry to establish the petty cash fund. 2 Record the reimbursement of the petty cash fund. 3 Record the increase of the petty cash fund. Note : = journal entry has been entered Waupaca Company establishes a $360 petty cash fund on September 9. On September 30 , the fund shows $92 in cash along with receipts for the following expenditures: transportation-in, $56; postage expenses, $57; and miscellaneous expenses, $141. The petty cashier could not account for a $14 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) 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 $415. Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits