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Waupaca Company establishes a $490 petty cash fund on September 9. on September 30, the fund shows $251 in cash along with receipts for the

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Waupaca Company establishes a $490 petty cash fund on September 9. on September 30, the fund shows $251 in cash along with receipts for the following expenditures, transportation in $52. postage expenses $51: and miscellaneous expenses. $122. The petty cashier could not account for a $14 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 $530. View transaction list Journal entry worksheet 1 2 3 Prepare the journal entry to establish the Petty Cash fund. Notente debits before credits Debit Credit Date General Journal Sep 09 View journal Record entry Cless entry Waupaca Company establishes a $490 petty cash fund on September 9. on September 30, the fund shows $25+ in cash along with receipts for the following expenditures transportation in $52. postage expenses, $51, and miscellaneous expenses $122 The petty cashler could not account for a $14 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 $530 View transactions Journal entry worksheet 2 > Prepare the journal entry to establish the retty cash fund. Date General Journal Dent Sep 09 Credit Recorder Clear

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