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work Saved Help Save & Exit Submit Check my work Waupaca Company establishes a $430 petty cash fund on September 9. On September 30, the
work Saved Help Save & Exit Submit Check my work Waupaca Company establishes a $430 petty cash fund on September 9. On September 30, the fund shows $201 in cash along with receipts for the following expenditures: transportation costs of merchandise purchased, $50 postage expenses. $60% and miscellaneous expenses, $110. The petty cashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $460 cnse hrl naohe View transaction list X: 1 Prepare the journal entry to establish the Petty Cash fund Record the reimbursement of the petty cash fund. Record the increase of the petty cash fund 2 3 Credit Prev 1 of5 Next Next >
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