Waupaca Company establishes A $450 petty cash fund on September 9 on September 30 the fun shows $183 in cash along with receipts for the following expenditures transportation cost of merchandise purchased $49 postage expense is $79 in miscellaneous expenses $129 the Patty cashier cannot account for a $10 shortage in the fund the company uses the perpetual system in accounting for merchandise inventory.

$450 petty cash fund on September 9 on September 30 the fun shows $183 in cash along with receipts for the following expenditures transportation cost of merchandise purchased $49 postage expenses $79 in miscellaneous expenses $129 the petty cashier cannot 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) and October one entry to increase the fund to $525.

Waupaca Company establishes a $450 petty cash fund on September 9. on September 30, the fund shows $183 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $49; postage expenses, $79; and miscellaneous expenses, $129. 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 $525. View transaction list Journal entry worksheet 1 2 3 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits Journal entry worksheet 1 2 3 Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Sept 9 Record entry Clear entry View general journal