Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $161 in cash along with receipts for the following expenditures: transportation-in, $46; postage expenses, $80; and miscellaneous expenses, $121. The petty cashier could not account for a $2 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 $470.

Journal entry worksheet 2 Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Sept 09 View general journal Record entry Clear entryJournal entry worksheet 3 Record the reimbursement of the petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Sept 30 Record entry View general journalJournal entry worksheet