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Willard Company established a $360 petty cash fund on September 9, 2020. On September 30, the fund had $143.50 in cash along with receipts
Willard Company established a $360 petty cash fund on September 9, 2020. On September 30, the fund had $143.50 in cash along with receipts for these expenditures: transportation-in, $29.20; office supplies, $102. 20; and repairs expense. $80.10. 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 transacbon st Journal entry worksheet < Record the entry to establish the fund. Date Sep 09 2020 General Journal Debit Credit Contry
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