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please help! also for number three of the journal entry it says: Record the increase of the petty cash fund Waupaca Company establishes a $350
please help!
also for number three of the journal entry it says: "Record the increase of the petty cash fund"
Waupaca Company establishes a $350 petty cash fund on September 9. on September 30, the fund shows $66 in cash along with receipts for the following expenditures transportation-in, 553, postage expenses. 568; and miscellaneous expenses, 5153. The petty cashier could not account for a $10 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. View transaction lit Journal entry worksheet > Record the reimbursement of the petty cash fund. Not Enter det before Credit Date September 30 Debit + Deneral Journal Merchandise inventory Postage expense Miscellaneous expenses Clash over and short Casti Record entry Clear View generala Step by Step Solution
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