z Exercise 7.6 Petty cash fund L04 Willard Company established a $400 petty cash fund on September 9, 2020. On September 30, the tund had $159.40 in cash along with receipts for these expenditures transportation in $3245, office supplies, $113,55 and repairs expense. $8760 Willard uses the perpetual method to account for merchandiseltventory 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 is Journal entry worksheet 1 > Record the entry to establish the fund. Ne te detits before tres General Journal Debit Credit Data Sep 09 2020 Chapter 7 Homework Saved 2 b. Prepare a summary of the petty cash payments and record the entry on September 30 to reimburse the fund and reduce it to $300 (Round your answers to 2 decimal places.) 10 point WILLARD COMPANY Petty Cash Payments Report September 9 - 30, 2020 Receipts References $ 0.00 Totalrecipes Fund total Equals Cash required to replenish petty cash 2 Journal entry worksheet 1 > 10 porn Record the entry to reimburse the fund. Note: Enter debits before credits General Journal Debit Credit Terce Date Sep 30 2020 Record entry Clear entry View general Journal