ZEALOUS COMPANY (FLUCTUATING SYSTEM) ZEALOUS COMPANY

Date Account Titles Debit Credit Date Acco

1 2 Petty Cash fund ₱ 10,000.00 1 2

Cash in bank ₱ 10,000.00
To establish fund

1 31 Postage Expense 1,500 2 1

Supplies Expense 5,500
Transportation Expense 1,200
Miscellaneous Expense 800
Petty Cash fund 9,000
To record expense

2 1 Petty Cash fund 14,000

Cash in bank 14,000
To increase and replenish fund

ZENITH COMPANY (FLUCTUATING SYSTEM) ZENITH COMPANY

Date Account Titles Debit Credit Date Acco

Petty Cash fund ₱ 10,000.00

Cash in bank ₱ 10,000.00
To establish fund

Postage Expense 1,500

Supplies Expense 3,000
Petty Cash fund 4,500
To record expense

Transportation Expense 1,000

Accounts Payable 3,500
Petty Cash fund 4,500
To record expense

Petty Cash fund 19,000

Cash in bank 19,000
To increase and replenish fund
ZEALOUS COMPANY (IMPREST SYSTEM)
Account Titles Debit Credit

Petty Cash fund ₱ 10,000.00

Cash in bank ₱ 10,000.00
To establish fund

Postage Expense 1,500

Supplies Expense 5,500
Transportation Expense 1,200
Miscellaneous Expense 800
Petty Cash fund 5,000
Cash in bank 14,000
To increase and replenish fund

ZENITH COMPANY (IMPREST SYSTEM)

Account Titles Debit Credit

Petty Cash fund ₱ 10,000.00

Cash in bank ₱ 10,000.00
To establish fund

Postage Expense 1,500

Supplies Expense 3,000
Transportation Expense 1,000
Accounts Payable 3,500
Petty Cash fund 10,000
Cash in bank 19,000
To increase and replenish fund