Question: Hello! Can you help me with these?? This is the requirement: fProblem 1-5 (ACP) Zealous Company established a petty cash fund. 1. Established a petty
Hello! Can you help me with these??
This is the requirement:


\fProblem 1-5 (ACP) Zealous Company established a petty cash fund. 1. Established a petty cash fund of P10,000 on January 2. 2. Petty cash expenses - January 2-31 are: Postage 1,500 Supplies 5,500 Transportation 1,200 Miscellaneous expense 800 3. The fund is replenished on February 1 and increased by P5,000. Required: Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. The entity established a petty cash fund of P10,000. 2. Petty cash disbursements were: Postage 1,500 Supplies 3,000 3. Petty cash disbursements were: Transportation 1,000 Accounts payable 3,500 4. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. Required: Prepare journal entries to record the transactions under fluctuating fund system and imprest fund system. 22
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