Willard Company established a $320 petty cash fund on September 9, 2023. On September 30, the fund had $127.50 in cash along with receipts for these expenditures: transportation-in, $26.00; office supplies, $91.00; and repairs expense, $70.50. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $5.00 shortage in the fund. b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $170. (Round your answers to 2 decimal places.)

WILLARD COMPANY Petty Cash Payments Report September 930,2023 Receipts: Total receipts Fund total Equais. Cash required to replenish petty cash Journal entry worksheet