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Check my work Waupaca Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $239 in cash along with
Check my work Waupaca Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $239 in cash along with receipts for the following expenditures: transportation- in, $51: postage expenses. $67, and miscellaneous expenses, $116. The petty cashier could not account for a $7 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 $510 View transaction ist Journal entry worksheet 1 2 3 Prepare the journal entry to estab sh the petty cash fund. Note Enter debits before credits Date General Journal September 09 Next > Journal entry worksheet
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