Waupaca Company establishes a $$340$ petty cash fund on September $9.$ On September $30,$ the fund shows $$67$ in cash along with receipts for the following expenditures: transportation$-$in$,$ $$55$; postage expenses, $$58$; and miscellaneous expenses, $$150.$ The petty cashier could not account for a $$10$ 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 $$380.$

Journal entry worksheet

$1$

$2$

$3$

Prepare the journal entry to establish the petty cash fund.

Note: Enter debits before credits.