Exercise 8-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $370 petty cash fund on September 9. On September 30, the fund shows $117 in cash along with receipts for the following expenditures: transportation-in, $44 postage expenses, $72; and miscellaneous expenses, $134. The petty cashier could not account for a $3 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 $420 View transaction list Journal entry worksheet 2 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits Date General Journal Debit Credit Sept 9 Record entry Clear entry View general journal