Waupaca Company establishes a $$300$ ?petty cash fund on September $9.$ ?On September $30,$ ?the fund shows $$35$ ?in cash along with receipts for the following expenditures: transportation$-$in$,$ ?$$51$; postage expenses, $$61$; and miscellaneous expenses, $$141.$ ?The petty cashier could not account for a $$12$ ?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 $$365.$

Journal entry worksheet

$1$

$2$

$3$

Prepare the journal entry to establish the petty cash fund.

Note: Enter debits before credits.

General Journal

Debit