Exercise 6-8 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $75 in cash along with receipts for the following expenditures: transportation-in, $52; postage expenses, $58, and miscellaneous expenses, $127 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 $370. View transaction list Journal entry worksheet 1 3 Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits Debit Credit Date General Journal Sept 09 View general journal Clear entry Record entry View transaction list Journal entry worksheet 22 3 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Sept 30 Record entry Clear entry View general journal View transaction list Journal entry worksheet