Question: Please provide solution and explanation. Thank you :) Problem 1-8 (IAA) impress pet Tacit .Company provided the following transactions: Dec 1 8 2020 Nov. 2

Please provide solution and explanation. Thank you :)

Please provide solution and explanation. ThankPlease provide solution and explanation. Thank
Problem 1-8 (IAA) impress pet Tacit .Company provided the following transactions: Dec 1 8 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000 30 An examination of the cash fund disclosed: 3,000 Currency and coin Memoranda showing expenditures for: 2,000 Postage 5,000 Supplies A check was drawn to replenish the fund and to increase its amount to P20,000. Dec. 31 T Dec. 31 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 2021 2021 Jan. 15 E Jan. 2 The deposit for the 20 cases of softdrinks is collected. 31 A check was drawn to replenish the fund. Currency and coin 1,000 Postage stamps 500 Memoranda showing expenditures since November. 30, 2020 for: Postage Supplies 5,000 Payment of account 6,000 7,000 Required Required: Prepar Prepare journal entries to record the transactions. How TO the reProblem 1-5 (ACP) and provide Zealous Company established a petty cash fund. Mar & The 1. Established a petty cash fund of P10,000 on January 2. 29 The 2. Petty cash expenses - January 2-31 are: inchu 1,500 Postage 5,500 Curre Supplies 1,200 Posta Transportation 800 Miscellaneous expense Supp Trans 3. The fund is replenished on February 1 and increased by Misce P5,000 June 30 The Required: of th Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. Curre Suppl Problem 1-6 (ACP) Posta Trans Zenith Company provided the following chronological transactions in relation to petty cash: July 15 The 1. The entity established a petty cash fund of P10,000. 2. Petty cash disbursements were: Curre Postage 1,500 Supp Supplies 3,000 Posta 3. Petty cash disbursements were: Trans Transportation Accounts payable 1,000 Misce 3,500 Required: 4. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. Prepare jour Required: imprest fund Prepare journal entries to record the transactions under fluctuating fund system and imprest fund system

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