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please complete the table Waupaca Company establishes a $370 petty cash fund on September 9. On September 30 , the fund shows $103 in cash
please complete the table
Waupaca Company establishes a $370 petty cash fund on September 9. On September 30 , the fund shows $103 in cash along with receipts for the following expenditures: transportation-in, $45; postage expenses, $75; and miscellaneous expenses, $135. The petty cashier could not account for a $12 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 $425. Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Notet Enter debits before cretits. Waupaca Company establishes a $370 petty cash fund on September 9 . On September 30 , the fund shows $103 in cash along with receipts for the following expenditures: transportation-in, $45; postage expenses, $75; and miscellaneous expenses, $135. The petty cashier could not account for a $12 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 $425. Journal entry worksheet Note: Enter debits before credits. Waupaca Company establishes a $370 petty cash fund on September 9. On September 30 , the fund shows $103 in cash along with receipts for the following expenditures: transportation-in, $45; postage expenses, $75; and miscellaneous expenses, $135. The petty cashier could not account for a $12 shortage in the fund. The company uses the perpetual system in accounting for merchandise. inventory. Prepare (1) the September 9 entry to estabish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $425. Journal entry worksheet Record the inerease of the petty cash fund. Note: Enger debits Delore credas Step by Step Solution
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