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Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $156 in cash along with receipts for
Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $156 in cash along with receipts for the following expenditures. transportation-in, $52; postage expenses, $75, and miscellaneous expenses, $117. 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 $445. View transaction list Journal entry worksheet < 3 Record the reimbursement of the petty cash fund. Note: Enter debits before credits Date September 30 General Journal Debit Credit
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