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Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $164 In cash along with receipts for the

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Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $164 In cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $52, postage expenses, $58; and miscellaneous expenses, $132 The petty cashler could not account for a $4 shortage system In accounting for merchandise inventory in the fund. The company uses the perpetual 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 $490. View transaction list Journal entry worksheet 2 3 1 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Credit Debit Date General Journal Sept 9 Record entry Clear entry View general jounal Prepare ) tne September 9 entry to Increase the fund to $490. tablish the fund, (2) the September 30 entry to reimburse the fund, and (3) an O View transaction list Journal entry worksheet 1 3 Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Debit Credit Date General Journal Sept 30 Record entry Clear entry View general journal Prepare () the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an Octob increase the fund to $490. View transaction list Journal entry worksheet 2 Record the increase of the petty cash fund. Note: Enter debits before credits. General Journal Date Debit Credit Oct 01 Record entry Clear entry View general joumal

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