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thank7you! Weupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows $131 in cash along with receipts for
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Weupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows $131 in cash along with receipts for the following expenditures: transportation-in. $42. postage expenses. $59; and miscellaneous expenses $112. The petty cashier could not account for a $6 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 $390. View transaction list Journal entry worksheet 1 2 3 pare the journal entry to establish the petty cash fund Noter det before ce Date General Journal Debit Credit Sept OD Ready CY View albumal Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, a increase the fund to $390. View transaction list Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits General Journal Debit Credit Date Sept 30 Clear View ournal View transaction list Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Oct 01 Record entry Clear entry general journal Step by Step Solution
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