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Transcribed image text : 1 Willard Company established a $440 petty cash fund on September 9, 2020. On September 30, the fund had $175,40 in

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Transcribed image text : 1 Willard Company established a $440 petty cash fund on September 9, 2020. On September 30, the fund had $175,40 in cash along with receipts for these expenditures, transportation-in. $35.70, office supplies, $124.90, and repairs expense. $9700. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $7.00 shortage in the fund. 8. Prepare the September 9 entry to establish the fund. View transaction list Journal entry worksheet 1 Record the entry to establish the fund. Note: Enter debits before credits. Date Debit Credit Sep 09, 2020 25 oints eBook References General Journal

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