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Help The Company establishes a $460 petty cash fund on September 9. On September 30, the fund shows $185 in cash along with receipts for

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Help The Company establishes a $460 petty cash fund on September 9. On September 30, the fund shows $185 in cash along with receipts for the following expenditures: transportation-in, $54; postage expenses, $70; and miscellaneous expenses, $144. The petty cashier could not account for a $7 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 $495. View transaction list Journal entry worksheet 2 3 Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Debit Credit Date General Journal Sept 09 View general journal Clear entry Record entry !!! Next >

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