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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 $ petty cash fund on September On September the fund shows $ in cash along with
receipts for the following expenditures: transportationin $; postage expenses, $; and miscellaneous expenses, $ The petty
cashier could not account for a $ shortage in the fund. The company uses the perpetual system in accounting for merchandise
inventory.
Prepare the September entry to establish the fund, the September entry to reimburse the fund, and an October entry to
increase the fund to $
Journal entry worksheet
Prepare the journal entry to establish the petty cash fund.
Note: Enter debits before credits.
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