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Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $180 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 $180 in cash along with receipts for the following expenditures: transportation in, $45. postage expenses, 568; and miscellaneous expenses, $115. 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 (t) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and entry to increase the fund to $465. on October View transaction lit Journal entry worksheet 2 3 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debitore credits Date General Journal Debit Credit Record entry Clear entry View general Journal

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