bled: Test $2$: Chapters $4-6$

Seved

Waupaca Company establishes a $$460$ petty cash fund on September $9.$ On September $30,$ the fund shows $$182$ in cash along with recelpts for the following expenditures: transportation$-$in$,$ $$55$; postage expenses, $$80$; and miscellaneous expenses, $$130.$ The petty cashier coutd not account for a $$13$ shorlage in the fund. The company uses the perpelual 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.$

Journal entry worksheet

$1$

$2$

$3$

Prepare the journal entry to establish the petty cash fund.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$September $09,,,],[,,,],[,,,],[,,,],[,,,]]$

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