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Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Woupaca Company estabilishes a $470 petty cash fund on September 9 . On September 30 , the fund shows $251 in cash along with recoipts for the following expenditures: transportation. in, \$48; postage expenses, \$58; and miscellaneous expenses, \$108. The petty cashier could not account for a $5 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to estoblish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $520. Journal entry worksheet Preparn the journal entry to establith the petty cash fund. Norve. Enter debiti tefure tredits. Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Weupace Company establishes a $470 petty cash fund on September 9 . On September 30 , the fund shows $251 in cash along with receipts for the following expenditures; transportation. in, \$48; postage expenses, $58; and miscellaneous expenses, \$108. The petty cashler could not account for a $5 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 $520. Journal entry worksheet Record the reimbursement of the petty cash fund. Nete kniter debies betore oredits. Exercise 6-8 (Algo) Petty cash fund with a shortage LO P2 Woupaca Compary establishes a $470 petty cash fund on September 9 . On September 30 , the fund shows $251 in cash along with recepts for the following expenditures transportationth, \$48, postage expenses, $58, and misceltaneous expenses, $108. The petty casher could not account for a 55 shortoge in the fund. The compary uses the perpetual system in accounting for merchandise inventiony. Prepare (10 the September 9 enty to establish the find, (12) the September 30 enty to reimburse the fund, and (3) an October 1 entry to increase the fund to $520 Journal entry worksheet Record the incresse of the petty cash tund

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