waupaca company establishes a $350 petty cash fund on september 9. on september 30, the fund shows $66 in cash along with receipts for the following expenditures: transportation-in, $53; postage expenses, $55; and miscellaneous expenses, $133. the petty cashier could not account for a $3 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 $340.

Please see explanation column.

Explanation:

Being fund is established

Date                 Account titles and explanation              Debit      Credit

September 9        Petty cash                                          $350

    To Cash                                                                                       $350

2.Being fund reimbursement

Date                 Account titles and explanation              Debit      Credit

September 30        transportation-in,                             $53

                           Postage expense                                 $55  

Miscellaneous expenses                                               $133  

Cash shortage                                                                  $3  

     To Cash                                                                                       $244

3.Using $380 to account for the increase instead of $340 given which i think is an error.

Date                 Account titles and explanation              Debit      Credit October 1               Petty cash     ($380 - $350)                   $30              

    To Cash                                                                                         $30

im confused need to go into details plz thx

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.