Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $310 petty cash fund on September 9. On September 30 , the fund shows $17 in cash along with receipts for the following expenditures: transportation-in, \$56; postage expenses, \$79; and miscellaneous expenses, \$151, 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 $375. Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Record the increase of the petty cash fund. Note: Enter debits before credits