Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Waupaca Company establishes a $470 petty cash fund on September 9 . On September 30 , the fund shows $221 in cash along with receipts for the following expenditures: transportation-in, $46; postage expenses, $68; and miscellaneous expenses, $126. The petty cashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to estabish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $520. Journal entry worksheet 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. Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits before credits