Please don't provide solutions image based thanks Lucy keeps her petty cash book on the imprest system.The imprest amountamount is $3,000. The followingtransactions took place during the month:2019Oct 1 Bal b/f1Petty cash restored to the imprest amount5 Postage stamps6Taxi fares8Petrol for the motor van10Ballpoint pens and paper11Bus fares"15Refund to Jimmy Wong for an overpayment on hisaccount in the accounts receivable ledger""1"1#1""16 Stamps"18 Magazines"21 Motor van repairs23Envelopes11 24Petrol for the motor van"28Courier charge"31 Cinema tickets for staff"S$2,344509030020015871001660040310120280Required:Record the above transactions in a petty cash book withanalysis columns for postage, travelling, motor expenses,stationery, sundry expenses and ledger account. Show thebalance carried down to 1 November 2019 and therestoration of the cash float.

The imprest petty cash system is prepared by an accountant by estimating the petty cash expenses and…

Lucy keeps her petty cash book on the imprest system. The imprest amount is $3,000. The following transactions took place during the month: amount 2019 Oct 1 Bal b/f 1 Petty cash restored to the imprest amount 5 Postage stamps 6 Taxi fares 8 "10 11 "15 " " " " " " 18 "21 23 24 "28 " " " Petrol for the motor van Ballpoint pens and paper Bus fares Refund to Jimmy Wong for an overpayment on his account in the accounts receivable ledger 16 Stamps Magazines Motor van repairs Envelopes Petrol for the motor van Courier charge 31 Cinema tickets for staff S $2,344 50 90 300 200 15 87 100 16 600 40 310 120 280 Required: Record the above transactions in a petty cash book with analysis columns for postage, travelling, motor expenses, stationery, sundry expenses and ledger account. Show the balance carried down to 1 November 2019 and the restoration of the cash float.

Lucy keeps her petty cash book on the imprest system. The imprest amount is $3,000. The following transactions took place during the month: amount 2019 Oct 1 Bal b/f 1 Petty cash restored to the imprest amount 5 Postage stamps 6 Taxi fares 8 "10 11 "15 " " " " " " 18 "21 23 24 "28 " " " Petrol for the motor van Ballpoint pens and paper Bus fares Refund to Jimmy Wong for an overpayment on his account in the accounts receivable ledger 16 Stamps Magazines Motor van repairs Envelopes Petrol for the motor van Courier charge 31 Cinema tickets for staff S $2,344 50 90 300 200 15 87 100 16 600 40 310 120 280 Required: Record the above transactions in a petty cash book with analysis columns for postage, travelling, motor expenses, stationery, sundry expenses and ledger account. Show the balance carried down to 1 November 2019 and the restoration of the cash float.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.

Question

Please don't provide solutions image based thanks

Lucy keeps her petty cash book on the imprest system.
The imprest amount
amount is $3,000. The following
transactions took place during the month:
2019
Oct 1 Bal b/f
1
Petty cash restored to the imprest amount
5 Postage stamps
6
Taxi fares
8
Petrol for the motor van
10
Ballpoint pens and paper
11
Bus fares
"15
Refund to Jimmy Wong for an overpayment on his
account in the accounts receivable ledger
"
"1
"1
#1
"
"16 Stamps
"18 Magazines
"21 Motor van repairs
23
Envelopes
11 24
Petrol for the motor van
"28
Courier charge
"31 Cinema tickets for staff
"
S
$2,344
50
90
300
200
15
87
100
16
600
40
310
120
280
Required:
Record the above transactions in a petty cash book with
analysis columns for postage, travelling, motor expenses,
stationery, sundry expenses and ledger account. Show the
balance carried down to 1 November 2019 and the
restoration of the cash float.

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Accounting for Cash and cash equivalents

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