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My Work Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $82 in cash along with receipts
My Work Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $82 in cash along with receipts for the following expenditures: transportation-in. $44, postage expenses. $77; and miscellaneous expenses. $114. 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 $385. OK View transaction list Journal entry worksheet 1 2 3 Perences Prepare the journal entry to establish the petty cash fund. > Note: Enter debits tieto tits Date Sept 09 General Journal Debit Credit Record entry Clear entry Vi general jounal of 5 Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $82 in cash along with receipts for the following expenditures: transportation-in. $44: postage expenses, $77; and miscellaneous expenses, $114. 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 $385. View transaction list Journal entry worksheet 1 2. 3 Record the reimbursement of the petty cash fund. Note: Enter detits before credits Date Sept 30 General Journal Debit Credit Record entry Clear entsy Viagracal journal 1 of 5 Next Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $82 in cash along with receipts for the following expenditures: transportation-in. $44, postage expenses. $77; and miscellaneous expenses. $114. 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 $385. Vies transaction list Journal entry worksheet
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