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Saved 2 Willard Company established a $310 petty cash fund on September 9, 2020. On September 30, the fund had $123.50 in cash along
Saved 2 Willard Company established a $310 petty cash fund on September 9, 2020. On September 30, the fund had $123.50 in cash along with receipts for these expenditures: transportation-in, $25.20, office supplies, $88.20; and repairs expense, $68.10. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $5.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. 5 oints Print View transaction list Journal entry worksheet 1 Record the entry to establish the fund. Note: Enter debits before credits. Date Sep 09, 2020 General Journal Debit Credit Record entry Clear entry View general journal Help
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