B2. A petty cash book is created to facilitate small payments in a business or organization. It caters for items such as postage and stamps, bus fare and stationery. It is meant to meet the day-to-day expenses and is entrusted in the hands of a petty cashier

Mr. Allen, maintains a petty cash book using the imprest system. (i) Mr. Allen imprest amount is $400. His transactions for the month of Feb 2019 were as follows:

REQUIRED: (a) Enter the above transactions in petty cash book. Balance the book on Feb 2019 and brought down the balance

Feb 6 18 11 15 15 13 19 24 23 Bought postage stamps Paid to Paul, a creditor Petrol expenses Paid to cleaner Paid travelling expenses Bought office stationery Paid to Ahmed, a creditor Cleaning charges Envelopes and A4 size papers 19 25 22 27 20 29 23 30 11