what are the answers?

Exercise 6-8 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $490 petty cash fund on September 9. On September 30, the fund shows $233 in cash along with receipts for the following expenditures: transportationin, $56; postage expenses, $67; and miscellaneous expenses, $131. The petty cashier could not account for a $3 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 Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Record entry Clear entry View general journal Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits. Record entry Clear entry View general journal Journal entry worksheet Record the increase of the petty cash fund. Note: Enter debits befOre credits. Wright Company's cash account shows a $29,900 debit balance and its bank statement shows $28,200 on deposit at the close of business on May 31. a. The May 31 bank statement lists $220 in bank service charges; the company has not yet recorded the cost of these services. b. Outstanding checks as of May 31 total $6,800. c. May 31 cash receipts of $7,400 were placed in the bank's night depository after banking hours and were not recorded on the May 31 bank statement. d. In reviewing the bank statement, a $520 check written by Smith Company was mistakenly drawn against Wright's account. e. The bank statement shows a $360 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information. Book balance Add: Bank statement balance Add: _-_- Adjusted bank balance 0 Adjusted book balance