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Saved work Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $152 in cash along with receipts

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Saved work Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $152 in cash along with receipts for the following expenditures: transportation-in, $46; postage expenses, $58; and miscellaneous expenses, $131. 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 $460. View transaction list Journal entry worksheet 1 2 3 Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits General Journal Debit Credit Date Sept 09 Record entry Clear entry View general Journal

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