Exercise 8-8 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $143 in cash along with receipts for the following expenditures: transportation-in, $51; postage expenses, $58; and miscellaneous expenses, $146. The petty cashier could not account for a $12 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 $445. View transaction list Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Sept 09 Record entry Clear entry View general journal