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please help Waupaca Company establishes a $370 petty cash fund on September 9 . On September 30 , the fund shows $113 in cash along
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Waupaca Company establishes a $370 petty cash fund on September 9 . On September 30 , the fund shows $113 in cash along with receipts for the following expenditures: transportation-in, $48; postage expenses, $69; and miscellaneous expenses, $133. 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 $415, Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits Step by Step Solution
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