Question: Saved Help Save & Exit Submit lems Check my work Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the
Saved Help Save & Exit Submit lems Check my work Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $133 in cash along with receipts for the following expenditures: transportation-in, $52: postage expenses, $76, and miscellaneous expenses, $142. 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 () 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 $450 View transaction list Journal entry worksheet Prepare the journal entry to establish the Petty Cash fund Note: Enter debits before credits Prev 90, 11Next> Chpt 06.1ppt Sho
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