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I need all of the journal entries Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $173
I need all of the journal entries
Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $173 in cash along with receipts for the following expenditures: transportation-in, $59; postage expenses, $75; and miscellaneous expenses, $119. The petty cashier could not account for a $14 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 $470. View transaction list Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. General Journal Debit Credit Date Sept 09Step by Step Solution
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