Waupaca Company establishes a $470 petty cash fund on September 9 on Sepember 30,the tund showa $198 in cash along with receipts for the following expenditures: of mer transportation costs of merchandise purchased, $59 postage expenses, $77; and miscellaneous expenses, 5124.tshier could not account for a $i2 shortage in the fund. The company uses the perpe system in accounting for merchandise inventory ptember 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 $505. iew transaction list Journal entry worksheet Prepare the journal entry to establish the Petty Cash fund. Note: Enter debits before credits. Debit Credit Date Sept 9