TB Problem Qu. 6-174 (Algo) Petty cash fund with a shortage A company estabilshes a $480 petty cash fund on October 1 On October 31 , the fund shows $216 in cash along with receipts for the following expenditures: Entertainment expenses, \$56, postage expenses, \$65; and miscellaneous expenses, $131. The petty cashie could not account for a $12 shortage in the fund. The company uses the perpetual inventory system. Prepare (1) the October 1 entry to establish the fund, (2) the October 31 entry to remburse the fund, and (3) the November 1 entry to increase the fund to $540