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& Exit Subr Check my work 4:42 Waupaca Company establishes a $300 petty cash fund on September 9. On September 30, the fund shows
& Exit Subr Check my work 4:42 Waupaca Company establishes a $300 petty cash fund on September 9. On September 30, the fund shows $51 in cash along with receipts for the following expenditures: transportation-in, $44; postage expenses, $58; and miscellaneous expenses, $134. The petty cashier could not account for a $13 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 $365. ces View transaction list Journal entry worksheet 1 2 Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Prev 1 of 6 # Next >
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