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help asap 2.3 Waupaca Company establishes a $350 petty cash fund on September 9. On September 30 , the fund shows $104 in cash along
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Waupaca Company establishes a $350 petty cash fund on September 9. On September 30 , the fund shows $104 in cash along with receipts for the following expenditures transportation-in. \$40, postage expenses, $123; and miscellaneous expenses, $80. 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 estabash the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $400. Journal entry worksheet 2. Drepare the journal entry to establish the petty cash fund. Hute: Enter detits beforo oredits. Waupaca Company establishes a $350 petty cash fund on September 9 . On September 30 , the fund shows $104 in cash along with receipts for the following expenditures: transportation-in, $40, postage expenses, $123, and miscellaneous expenses, $80. 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 $400. Journal entry worksheet Recotd the increase of the potty cash fund. Mote: Enter debita belore oredis. Waupaca Company establishes a $350 petty cash fund on September 9 . On September 30 , the fund shows $104 in cash along with receipts for the following expenditures: transportation-in, $40; postage expenses, $123; and miscellaneous expenses, $80. 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 $400 Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before crodits 2.3
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