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Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the...

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Accounting

Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $44 in cash along with receipts for the following expenditures: transportation-in, $51; postage expenses, $68; and miscellaneous expenses, $146. 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 $395.

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