Chapter 1 Problem 3-8
Fluctuating Fund System Imprest Fund System
1. Petty cash fund 10,000 1. Petty cash fund 10,000
Cash in bank 10,000 Cash in bank 10,000
2. Postage 1,500 2. No entry
Supplies 5,500
Transportation 1,200
Miscellaneous expense 800
Petty cash fund 9,000
3. Petty cash fund 14,000 3. Petty cash fund 5,000
Cash in bank 14,000 Postage 1,500
Supplies 5,500
Transportation 1,200
Miscellaneous expense 800
Cash in bank 14,000
Problem 3-9
Fluctuating Fund System Imprest Fund System
1. Petty cash fund 10,000 1. Petty cash fund 10,000
Cash in bank 10,000 Cash in bank 10,000
2. Postage 1,500 2. No entry
Supplies 2,000
Petty cash fund 3,500
3. No entry
3. Transportation 1,000
Miscellaneous expense 500
Cash in bank 1,500 4. No entry
30
Fluctuating Fund System Imprest Fund System
4. Supplies 1,000
Accounts payable 3,000 5. Postage 1,500
Petty cash fund 4,000 Supplies 3,000
Transportation 1,000
5. Petty cash fund 9,000 Miscellaneous expense 500
Cash in bank 9,000 Accounts payable 3,000
Cash in bank 9,000
6. Postage 2,000
Supplies 3,000 6. No entry
Transportation 4,000
Petty cash fund 9,000 7. Petty cash fund 10,000
Postage 2,000
7. Petty cash fund 19,000 Supplies 3,000
Cash in bank 19,000 Transportation 4,000
Cash in bank 19,000
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