6 3. Saffie is a trader. She maintains a three column cash book and also a petty cash book. The imprest amount is $150. All payments below $100 are made from petty cash. Saffie had the following transactions in September 2017. September 1 Petty cash imprest restored from the business bank account 3 Paid taxi fare, $12 7 Paid $461 by cheque for repairs to office machinery 11 Purchased office stationery, $64 15 A cheque for $210 received from SL Stores in August was dishonoured by the bank 21 Paid Faariqa, a credit supplier, $29 26 Received a cheque from Thushari, $392, in settlement of the amount due less 2% cash discount 28 Cash sales, $4840, of which $4800 was immediately paid into the bank 29 Paid Sopitha's account of $480 after deducting a cash discount of 24% 30 Paid postage, $22 REQUIRED (a) State two reasons for maintaining a petty cash book. [2] (b) Record the above transactions in the following books which appear on the next two pages. Balance each book and bring down the balances on October 2017 (1) Petty cash book [6] (ii) Cash book [7]