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Problem 1-9 (IAA) On December 1, 2020, Wacky Company established an imprest petty cash fund 2020 Dec. 1 Established an imprest petty crush Fund of
Problem 1-9 (IAA) On December 1, 2020, Wacky Company established an imprest petty cash fund 2020 Dec. 1 Established an imprest petty crush Fund of P10,000 writing a check on National Bank 90 Replenished the petty cash fund by writing a chick on National Bank. The fund contained Currency and coin Vouchers for selling expenses Vouchern for micellaneous expone Vouchers for equipment 100D 0.000 2.000 2.000 Dec. 31 The petty cash fund was not replenished. The fund contained Currency and con 6,000 Postdated employee'e check Vouchers for an expenses 1.500 Vouchers for transportation 2.000 2091 Jan. 15 Encashed the employee's check. The proceeds were retained in the fund. 31 Replenished the petty cash fund by writing a check on National Bank. The petty cash vouchers for January expenditures are Distribution coste Administrative experts Transportation Payment for supplier's invoice 500 2.000 1,000 1.200 Required: 1. Prepare journal entries to record the transaction 2 How much is the petty cash on January 31, 2021 before the replenishment? 25
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