Chapter 1 Problem 3-10
Fluctuating Fund System Imprest Fund System
May 2 Petty cash fund 10,000 May 2 Petty cash fund 10,000
Cash in bank 10,000 Cash in bank 10,000
29 Postage 1,000 29 Postage 1,000
Supplies 3,000 Supplies 3,000
Transportation 2,500 Transportation 2,500
Miscellaneous expense 1,500 Miscellaneous expense 1,500
Petty cash fund 8,000 Petty cash fund 8,000
Petty cash fund 8,000
Cash in bank 8,000
June 30 Supplies 2,000 June 30 Supplies 2,000
Accounts payable 1,000 Accounts payable 1,000
Transportation 1,000 Transportation 1,000
Petty cash fund 4,000 Petty cash fund 4,000
July 1 Petty cash fund 4,000
Supplies 2,000
Postage 1,000
Transportation 1,000
To reverse the adjustment made
on June 30.
15 Petty cash fund 5,000 July 15 Supplies 1,500
Supplies 3,500 Postage 500
Postage 1,500 Transportation 500
Transportation 1,500 Miscellaneous expense 500
Miscellaneous expense 500 Petty cash fund 3,000
Cash in bank 12,000
Petty cash fund 12,000
Cash in bank 12,000
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