Waupaca Company establishes a $$440$ petty cash fund on September $9.$ On September $30,$ the fund shows $$161$ in cash along with

receipts for the following expenditures: transportation$-$in$,$ $$56$; postage expenses, $$68$; and miscellaneous expenses, $$141.$ The petty

cashier could not account for a $$14$ 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 $$475.$

Journal entry worksheet

Prepare the journal entry to establish the petty cash fund.

Note: Enter debits before credits.