see image Transcribed Image Text: Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $181 in cash

see image Transcribed Image Text: Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $181 in cash along with
receipts for the following expenditures: transportation-in, $41; postage expenses, $58; and miscellaneous expenses, $126. The petty
cashier could not account for a $4 shortage in the fund. The company uses the perpetual system in accounting for merchandise
inventory.
Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $181 in cash along with
receipts for the following expenditures: transportation-in, $41; postage expenses, $58; and miscellaneous expenses, $126. The petty
cashier could not account for a $4 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 $490.
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 $490.
View transaction list
View transaction list
Journal entry worksheet
Journal entry worksheet
<1 2 3 2 >
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Record the reimbursement of the petty cash fund.
Prepare the journal entry to establish the petty cash fund.
Note: Enter debits before credits.
Note: Enter debits before credits.
Date
Debit Credit
Date
General Journal
Debit Credit
General Journal
Sept 09
Sept 30
Record entry
Clear entry
View general journal
Record entry
Clear entry
View general journal
Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $181 in cash along with
receipts for the foliowing expenditures: transportation-in, $41, postage expenses, $58, and miscellaneous expenses, $126. The petty
cashier could not account for a $4 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 $490.
View transaction list
Journal entry worksheet
2
Record the increase of the petty cash fund.
Note: Enter debits before credits.
Date
General Journal
Debit Credit
Oct 01
Record entry
Clear entry
View general jourmal

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