Business, 17.10.2019 23:30 hiitslillyhere

Waupaca company establishes a $410 petty cash fund on september 9. on september 30, the fund shows $134 in cash along with receipts for the following expenditures: transportation-in, $60; postage expenses, $70; and miscellaneous expenses, $135. the petty cashier could not account for a $11 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 $485.

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Waupaca company establishes a $410 petty cash fund on september 9. on september 30, the fund shows $...

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