Problem 7-5 (ACP) mpany established a petty cash fund. 1. Es tablished a petty cash fund of P10,000 on Jan uary 2 2. P etty cash expenses- January 2-31 are: 1,500 5,500 Supplies 1200 800 Miscellaneous expense 3. The fund is replenished on Febrnary 1 and increased bv P5,000. Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. Problem 7-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. The entity established a petty cash fund of P10,000. 2. Petty cash disbursements were: 1,500 3,000 Supplies 3. Petty cash dis bursements were: 1,000 3,500 Accounts payable 4. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. Required Prepare journal entries to record the transactions under fluctuating fund system and imprest fund system. 202