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Waupaca Company establishes a $470 petty cash fund on September 9. on September 30, the fund shows $239 in cash along with receipts for the

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Waupaca Company establishes a $470 petty cash fund on September 9. on September 30, the fund shows $239 in cash along with receipts for the following expenditures: transportation-in, $50postage expenses, $51: and miscellaneous expenses. $125. The petty cashier 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 $510 View transaction list Journal entry worksheet Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits General Journal Debit Credit Date Sept 09 Waupaca Company establishes a $470 petty cash fund on September 9. On September 30, the fund shows $239 in cash along with receipts for the following expenditures: transportation in $50. postage expenses. $51; and miscellaneous expenses, $125. The petty cashier could not account for a $5 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 (3) an October 1 entry to increase the fund to $510 View transaction list Journal entry worksheet Waupaca Company establishes a $470 petty cash fund on September 9. On September 30, the fund shows $239 in cash along with receipts for the following expenditures: transportation in $50postage expenses. $51: and miscellaneous expenses. $125. The petty cashier 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 $510 View transaction list Journal entry worksheet

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