Willard Company established a $370 petty cash fund on September 9, 2020. On September 30, the fund had $147.50 in cash along with receipts for these expenditures: transportation-in, $30.00; office supplies, $105.00; and repairs expense, $8250. 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 General Journal Debit Credit Sep 09, 2020 b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $220. (Round your answers to 2 decimal places.) WILLARD COMPANY Petty Cash Payments Report September 930, 2020 Receipts: Total receipts Fund total Equals: Cash required to replenish petty cash Prey. 1 of 2 Next > View transaction list Journal entry worksheet