Willard Company established a $410 petty cash fund on September 9, 2020. On September 30, the fund had $163.40 in cash along with receipts for these expenditures: transportation-in, $33.30, office supplies, $116.50; and repairs expense, $89.80. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $7.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list View journal entry worksheet Ne Date General Journal Debit Credit 1 Sep 09, 2020 410 Petty cash Cash 410 b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $260 (Round your answers to 2 decimal places.) $ 116.50 Receipts. Office supplies expense Repairs expense Merchandise inventory 89.80 33.30 $ 239.60 $ 410.00 Total receipts Fund total Less: Cash remaining Equals: Cash required to replenish petty cash Cash short 163.40 246.60 $ 7.00 Journal entry worksheet 1 Record the entry to reimburse the fund. Natu: Enter debe hedere credits. Sep 30, 2020 96.60 Cash Once upos expert Resep Merchandise Th 11 thi Cashes and short 116.50 89 80 3330 14300 7.00 Record entry Clearendy View general journal