Willard Company established a $490 petty cash fund on September 9, 2020. On September 30, the fund had $195.40 in cash along with receipts for these expenditures: transportation-in, $3970, office supplies, $138.90; and repairs expense, $109.00. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $700 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list Journal entry worksheet > Record the entry to establish the fund. Noter Enter debits before credits General Journal Dobit Dato 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 $340. (Round your answers to 2 decimal places.) WILLARD COMPANY Petty Cash Payments Report September 30, 2020 Receipts Total receipts Fund total Equals. Cash required to replenish patty cash View transaction list Journal entry worksheet