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establishes a $380 petty cash fund on September 9. On September 30, the fund shows $116 in cash along enditures: transportation-in. $47: postage expenses, $78;

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establishes a $380 petty cash fund on September 9. On September 30, the fund shows $116 in cash along enditures: transportation-in. $47: postage expenses, $78; and miscellaneous expenses, $132. The petty receipts for the following transportation-in, cashler could not account for a $7 shortage In the fund. The company uses the perpetual system inventory in accounting for merchandise Prepare ( 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 $455 list Journal entry worksheet Prepare the journal entry to establish the Petty Cash fund. Sep 09 Waupaca Company establishes a $380 petty cash fund on September 9. On September 30, the fund shows $116 in cash along with receipts for the following expenditures: transportation-in, $47: postage expenses, $78; and miscellaneous expenses, $132. The petty cashier could not account for a $7 shortage in the fund. The company uses the perpetual system in accounting inventory for merchandise Prepare 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 $455. Journal entry worksheet Record the reimbursement of the petty cash fund. al Debit Date Sep 30 Help Sa Waupaca Company establishes a $380 petty cash fund on September 9. On September 30, the fund shows $116 in cash along with cashier could not account for a $7 shortage in the fund. The company uses the perpetual system in accounting for merchandise ditures: transportation-in, $47; postage expenses, $78; and miscellaneous expenses, $132. The petty Prepare (1) the September 9 entry to establish the fund,(2) the September 30 entry to reimburse the fund, and (3) a increase the fund to $455 Journal entry worksheet Record the increase of the petty cash fund. Oct 01

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