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  3. a company establishes a $380 petty cash fund on oc

A company establishes a $380 petty cash fund on October 1. On October 31, the...

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Accounting

A company establishes a $380 petty cash fund on October 1. On October 31, the fund shows $146 in cash along with receipts for the following expenditures: Entertainment expenses, $49; postage expenses, $51; and miscellaneous expenses, $119. The petty cashier could not account for a $15 shortage in the fund. The company uses the perpetual inventory system.
Prepare (1) the October 1 entry to establish the fund, (2) the October 31 entry to reimburse the fund, and (3) the November 1 entry to increase the fund to $445.
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