Question
The Petty Cash Journal of Spazza Wholesalers for January 2023 is presented below: Day Details Petty Cash Wages Drawings Input VAT Sundry Accounts Amount Fol.
The Petty Cash Journal of Spazza Wholesalers for January 2023 is presented below:
Day | Details | Petty Cash | Wages | Drawings | Input VAT | Sundry Accounts |
Amount | Fol. | Details | ||||
2 | Paper reams | 230 | 30 | 200 | Stationery | |
7 | Tshepo | 500 | 500 | |||
11 | Drawings | 160 | 160 | |||
18 | Stationery | 138 | 18 | 120 | Stationery | |
1 028 | 500 | 160 | 48 | 320 |
* The imprest amount was established at the beginning of the month, R1 500. * Do not restore the imprest amount on month end. ASSIGNMENT 2023 FIRST SEMESTER ACN100 ACCOUNTING FOR MANAGERS I Page 6 of Assignment Required: Post the given information from the Petty Cash Journal to the following General Ledger accounts for Spazza Wholesalers at month end. Balance all the accounts where necessary. 4.1 Drawings (3) 4.2 Petty Cash (7) 4.3 Input VAT (3) 4.4 Stationery (7)
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