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Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $380 petty cash fund on September 9.On September 30, the

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Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $380 petty cash fund on September 9.On September 30, the fund shows $100 in cash along with receipts for the following expenditures: transportation-in. $57. postage expenses. $78. and miscellaneous expenses. $137. The petty cashier could not account for a $8 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 $460 View transaction list Journal entry worksheet 1 2 3 Prepare the journal entry to establish the petty cash fund. Esberec Date September General Journal Debit Credit Mecord entry Cast al View general al Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $380 petty cash fund on September 9. On September 30, the fund shows $100 in cash along with receipts for the following expenditures transportation-in. $57. postage expenses. 578: and miscellaneous expenses. $137. The petty cashier could not account for a $8 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 $460. View transaction list Journal entry worksheet

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