Exercise 6-8 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $430 petty cash fund on September 9. On September 30, the fund shows $175 in cash along with receipts for the following expenditures: transportation-in, $55; postage expenses, $70; and miscellaneous expenses, $125. The petty cashier could not account for a $5 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 $465. View transaction list View journal entry worksheet :X: Debit Credit 430 430 1 Prepare the journal entry to establish the petty cash fund. 2 Record the reimbursement of the petty cash fund. 3 Record the increase of the petty cash fund