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Waupaca Company establishes a $460 petty cash fund on September 9. On September 30, the fund shows $204 in cash along with recelpts for the
Waupaca Company establishes a $460 petty cash fund on September 9. On September 30, the fund shows $204 in cash along with recelpts for the following expenditures: transportation-in, $42; postage expenses, $77; and miscellaneous expenses, $132. The petty cashler could not account for a $5 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 $500 Journal entry worksheet Prepare the journal entry to establish the Petty Cash fund. Sep 09 Waupaca Company establishes a $460 petty cash fund on September 9. On September 30, the fund receipts for the following expenditures cashler could not shows $204 in cash along with laneous expenses, $132. The petty 2: postage expenses, $77: and account for a $5 shortage in the fund. The company uses the perpetual system in accounting for merchandise Prepare (0 the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 increase the fund to $500. entry to ion list Journal entry worksheet General J Sep 30 establishes a $460 petty cash fund on September 9. On September 30, the fund shows $204 in cash along with increase the fund to $500. Journal entry worksheet Oct 01
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