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May I please know the appropriate journal entries required in each question? And also an explanation of how you did it. I'm confused on how

May I please know the appropriate journal entries required in each question? And also an explanation of how you did it. I'm confused on how the fluctuating and imprest fund system works. Thank you very much!

1. The adjusting journal entry is what is being asked in #1.

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C&CE ABC Corporation has a petty cash fund with an imprest balance of P10,000. The transactions and details regarding the petty cash fund for the month of February are as follows: Feb. 1 The petty cash fund consists of P570 in bills and coins, P6,500 replenishment check, and P2,930 in paid vouchers representing transportation expense of salesmen. Feb. 9 Disbursed P4,500 for supplies. Feb. 18 Disbursed P1,000 for transportation of officers, Feb. 28 |Disbursed P500 for miscellaneous expenses Feb. 28 Replenished the petty cash fund to the imprest balance. If ABC uses the imprest fund balance method of accounting for petty cash, what should the journal entry be for Feb. 28? I will submit the journal entry as part of the file attachment to the post

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