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Easy Peasy Company provide the following transactions: 2020 Nov. 2 the entity established an imprest petty cash fund of P10,000.00 30 An examination of cash
Easy Peasy Company provide the following transactions: 2020 Nov. 2 the entity established an imprest petty cash fund of P10,000.00 30 An examination of cash fund disclosed: Currency and coins 3,000.00 Memoranda showing expenditure for: Postage 2,000.00 Supplies 5,000.00 A check was drawn to replenish the fund and to increase its amount to P20,000.00 Dec. 31 The fund was not replenished. 11,000.00 Currency and coin Memoranda showing expenditures for: Postage Supplies Deposit for 20 cases of softdrinks 3,000.00 4,000.00 2,000.00 Prepare journal entries to record the transaction and the reversing entries at the beginning of the next accounting period
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