Help Save & Exit Check Exercise 6-5 Petty cash fund with a shortage LO P2 Waupaca Company establishes a $490 petty cash fund on September 9. On September 30, the fund shows $237 in cash along with receipts for the following expenditures: transportation-in $57; postage expenses, $58; and miscellaneous expenses, $132. The petty cashier could not account for a $6 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory Prepare () the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the increase the fund to $530 fund, and (3) an October 1 entry to View transaction list Journal entry worksheet Prepare the journal entry to establish the Petty Cash fund. Debit Credit General J C Prev 1 of 1 Next