Question: Help me please with clear explanation Problem 1-8 (1AA) ,- Tacit Company provided the following transactions: 2022 , NOV- '2 The entity established an imprest

Help me please with clear explanation

Help me please with clear explanation Problem 1-8
Problem 1-8 (1AA) ,- Tacit Company provided the following transactions: 2022 , NOV- '2 The entity established an imprest petty cash fun (I of ]?]0,000. 30 An examination of the cash fund disclosed: Currency and coin . 3,000 Memoranda showing expendltures for: Postage ' 2,000 5,000 . Supplies , A check was drawn to replenish the fund and to increase its amount to P20,000. Dec. 3 1 The fund was not replenished. Currency and coin . _ 11,000 Memoranda showing expenditures for: Postage ' 3,000 Supplies . 4,000 Deposit for 20 cases of softdrinks 2,000 Currency and coin 1,000 Postage stamps ' 500 Memoranda showing expenditures since November 30, 2022 for: ' Postage V 5,000 Supplies \\ ' 6,000 7,000 Payment of account Required: ' Prepare journal entries to record the transactions. 20 J

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