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    krl_rdrg's Avatar
    krl_rdrg Posts: 1, Reputation: 1
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    #1

    Jul 24, 2010, 10:41 PM
    B. Prepare the journal entries under both the fluctuating system and the imprest syst
    B. Prepare the journal entries under both the fluctuating system and the imprest system for the following transactions:
    2007
    Nov 2 The company established an imprest pretty cash fund of P10,000.

    30 An examination of the cash fund disclosed the following:

    Currency and coin 3,000
    Memoranda showing expenditures for:
    Postage 2,000
    Supplies 5,000

    A check was drawn to replenish the fund and to increase its amount to P20,000.



    Dec 31 The composition of the fund was as follows:

    Currency and coin 11,000
    Memoranda showing expenditures for:
    Postage 3,000
    Supplies 4,000
    Deposit for 20 cases of softdrinks 2,000

    The fund was not replenished.

    2008
    Jan 2 The deposit for the 20 cases of softdrinks is collected.

    31 A check was drawn to replenish the fund. The composition was:

    Currency and coin
    Postage stamps
    Memoranda showing expenditures since November 30, 2007 for:
    Postage 5,000
    Supplies 6,000
    Payment of account 7,000
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jul 24, 2010, 10:46 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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