see image Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $158 in cash along withreceipts for the following expenditures: transportation-in, $41; postage expenses, $51; and miscellaneous expenses, $131. The pettycashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandiseinventory.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 toincrease the fund to $425.View transaction listJournal entry worksheet123>Prepare the journal entry to establish the petty cash fund.Note: Enter debits before credits.DateGeneral JournalDebitCreditSept 09Record entryClear entryView general journal Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $158 in cash along withreceipts for the following expenditures: transportation-in, $41. postage expenses, $51, and miscellaneous expenses, $131. The pettycashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandiseInventory.Waupaca Company establishes a S390 petty cash fund on September 9. On September 30, the fund shows $158 in cash along withreceipts for the following expenditures: transportation-in, $41; postage expenses, $51; and miscellaneous expenses, $131. The pettycashier could not account for a $9 shortage in the fund. The company uses the perpetual system in accounting for merchandiseinventory.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 toincrease the fund to $425.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 toincrease the fund to $425.View transaction listView transaction listJournal entry worksheetJournal entry worksheet2>3Record the increase of the petty cash fund.Record the reimbursement of the petty cash fund.Note: Enter debits before credits.Note: Enter debits before credits.DateGeneral JournalDebitCreditDateGeneral JournalDebitCreditOct 01Sept 30Record entryClear entryVlew general journalRecord entryClear entryView general journal

Petty cash: Petty cash fund is eastiblished to pay insignifinant amount small expenses like office…

Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $158 in cash along with receipts for the following expenditures: transportation-in, $41; postage expenses, $51; and miscellaneous expenses, $131. The petty cashier could not account for a $9 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 $425. View transaction list Journal entry worksheet 1 2 3 > Prepare the journal entry to establish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Sept 09 Record entry Clear entry View general journal