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 View journal entry worksheet No Date General Journal Debit Credit 1 Sep 09, 2020 Petty cash 330 Cash 330 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.) WILLARD COMPANY Petty Cash Payments Report September 9 - 30, 2020 $ 26.80 Receipts: Merchandise inventory Office supplies expense Repairs expense 93.80 72.90 $ 193.50 $ 330.00 Total receipts Fund total Less: Cash remaining Equals: Cash required to replenish petty cash Cash over 131.50 198.50 5.00 $ View transaction list View journal entry worksheet No General Journal Debit Credit 1 26.80 93.80 Date Sep 30, 2020 Transportation-in Office supplies expense Repairs expense Cash over and short Cash 72.90 5.00 198.50