Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $233 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $44: postage expenses, $64, and miscellaneous expenses, $134. 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 (0) 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 $545 View transaction list Journal entry worksheet 3 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits DebitCredit Date General Journal Sept 9 View general journal Record entry Clear entry Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $233 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $44; postage expenses, $64; and miscellaneous expenses, $134. 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 () 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 $545 View transaction list Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. te General Journal DebitCredit Sept 30 Record entry Clear entry View general journal Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $480 petty cash fund on September 9. On September 30, the fund shows $233 in cash along with system in accounting for merchandise inventory receipts for the following expenditures: transportation costs of merchandise purchased, $44: postage expenses, $64, and miscellaneous expenses, $134. The petty cashier could not account for a $5 shortage in the fund. The company uses the perpetual Prepare () 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 $545 View transaction list Journal entry worksheet 2 Record the increase of the petty cash fund. Note: Enter debits before credits Date Oct 01 General Journal Debit Credit Record entry Clear entry View general journal