Willard Company established a $500 petty cash fund on September 9,2023 . On September 30 , the fund had $199.40 in cash along with receipts for these expenditures: transportation-in, $40.50; office supplies, $141.70; and repairs expense, $111.40. 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. Journal entry worksheet b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $350. (Round your answers to 2 decimal places.) Journal entry worksheet Record the entry to reimburse the fund. Note: Enter debits before credits