Willard Company established a $440 petty cash fund on September 9, 2023. On September 30, the fund had $175.40 in cash along with receipts for these expenditures: transportation-in, $35.70; office supplies, $124.90; and repairs expense, $97.00. 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. b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $290. (Round your answers to 2 decimal places.)