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Waupaca Company establishes a $390 petty cash fund on September 9- On.pdf

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Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $133 in cash along with receipts for the following expenditures: transportation-in, $54; postage expenses, $68; and miscellaneous expenses, $129. The petty cashier could not account for a $6 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory..

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Waupaca Company establishes a $390 petty cash fund on September 9. On September 30, the fund shows $133 in cash along with receipts for the following expenditures: transportation-in, $54; postage expenses, $68; and miscellaneous expenses, $129. The petty cashier could not account for a $6 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory.

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