Question
PETTY CASH The petty cashier of John and James Company paid cash for the following expenditures during March 2018. March 01: Balance brought forward; petty
PETTY CASH
The petty cashier of John and James Company paid cash for the following expenditures during March 2018.
March 01: Balance brought forward; petty cash $50.
March 01: The amount of petty expenditures for previous month reimbursed by chief cashier $200.
March 05: Bought some liquid material for cleaning purpose $25.
March 10: Paid $20 for van wash.
March 13: Bought pens and pencils $15.
March 17: Paid for fuel $35.
March 20: Paid $55 for casual labor.
March 22: Donated $10 to SBA - a charitable institution.
March 30: Bought a broom for office $5
Required:Record the above transactions in a petty cash book assuming a petty cash imprest system is used by the John and James company.
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