Willard Company established a $330 petty cash fund on September 9, 2020. On September 30, the fund had $131.50 in cash along with receipts for these expenditures: transportation-in, $26.80; office supplies, $93.80; and repairs expense, $72.90. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $5.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list Journal entry worksheet 1 Record the entry to establish the fund. Note: Enter debits before credits. Date Sep 09, 2020 Record entry General Journal Clear entry Debit Credit View general journal b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $180. (Round your answers to 2 decimal places.) Receipts: Total receipts Fund total WILLARD COMPANY Petty Cash Payments Report September 9- 30, 2020 Equals: Cash required to replenish petty cash $ 0.00 Prev 1 of 2 prime www Next > C 22 View transaction list Journal entry worksheet 1 Record the entry to reimburse the fund. Note: Enter debits before credits. Date Sep 30, 2020 Record entry General Journal Clear entry Debit Credit View general journal