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Waupaca Company establishes a $ 4 4 0 petty cash fund on September 9 . On September 3 0 , the fund shows $ 1

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.
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