ok at ht nces Waupaca Company establishes a 480 petty cash

Last updated: 9/12/2023

ok at ht nces Waupaca Company establishes a 480 petty cash fund on September 9 On September 30 the fund shows 242 in cash along with receipts for the following expenditures transportation in 46 postage expenses 79 and miscellaneous expenses 106 The petty cashier could not account for a 7 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 530 View transaction list Journal entry worksheet 1 2 3 Prepare the journal entry to establish the petty cash fund Date Note Enter debits before credits General Journal Debit Credit