Exercise 6-5 Petty cash fund with a shortage LO P2 Waupach Company establishes a $390 petty cash fund on September 9.On September 30, the fund shows $134 in cash along with recelpts for the following expenditures: transportation costs of merchandise purchased, $54; postage expenses, $65, and miscelaneous expenses, $124. The petty cashier could not account for a $13 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare (T the September 9 entry to estabish the fund, (2) the Sptember 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $435. Journal entry worksheet Prepare the journal entry to establish the Petty Cash fund Note: Enter debits before credits Next > C Prev 2 esc