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Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $330 petty cash fund on September 9. On September 30

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Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $330 petty cash fund on September 9. On September 30 , the fund shows $99 in cash aiong with receipts for the following expenditures: transportation-in, $42; postage expenses, $73; and miscellaneous expenses, 5102 . 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 $400 Journal entry worksheet Prepare the joumal entry to establish the potty casti fund: Mote: Coler eebits nefore credts

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