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Laborious Company closed the accounts on June 30, The entity provided the following brainsactors May 2 - The enery established an impress fund of P10,000

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Laborious Company closed the accounts on June 30, The entity provided the following brainsactors May 2 - The enery established an impress fund of P10,000 May 29 - The fund is replenished. The petty cash items include: Currency and coin P2.000 Postage 1 000 Supplies 3,000 Transportation 2.500 Miscellaneous Expense 1,800 June 30 - The fund was not replenished, The fund is composed of the following: Currency and coin P6,000 Supplies 2.000 Postage 1 000 Transportation 1,000 July 15 - The fund is replenished and increased to P15,000 Currency and coin P2,000 Supplies 3,500 Postage 1.500 Transportation 1,500 Miscellaneous Expense 500 Required: Prepare journal entries to record the transactions under imprest fund system and fluctuating fund system

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