Exercise 6-6 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $300 petty cash fund on September 9. On September 30, the fund shows $42 in cash along with receipts for the following expenditures: transportation-in, $49: postage expenses, $53, and miscellaneous expenses, $1459. 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 $340 View transaction list View journal entry worksheet No Date General Journal Debit Credit 300 1 Sep 09 Petty cash 300 Cash Sep 30 Merchandise inventory Postage expense Miscellaneous expenses