Question 3 Knowledge Ventures operates a Petty Cash on the imprest system with a float of R600. Reimbursements are made such that cash on hand does not fall below R72. Below is a summary of Petty Cash transactions for the period to 31 July, 2017. July 1 Received reimbursement by cheque from cashier July 3 Paid Wages July 5 Paid Rent and Rates R 504 204 90 July 7 Paid Wages and Salaries 180 July 8 Paid Electricity 51 July 11 Paid for transport 18 July 12 Paid for transport 24 July 13 Paid Wages 108 July 14 Paid Rent and Rates 33 July 15 Paid Wages 132 July 17 Paid Koo Nimo a creditor in full 110 July 18 Paid for transport 60 July 19 Paid Electricity 15 July 20 Paid K. Ansah a creditor 24 July 21 Paid for transport 21 July 25 Paid Rent and Rates 108 July 29 Paid Wages and Salaries July 31 Paid for transport Required: You are required to write-up the petty cashbook. 288 84