On 1 July, after reimbursement for June expenditures, the petty cash fund of Rocky Road had a balance of $300. Payments to and from the fund, including GST, for the month of July are listed below. Assume all amounts include GST unless stated otherwise. Date Petty Cash Voucher No. Particulars 24 July 02 001 Taxi fare 16.50 06 002 Stationery 38.50 08 003 Coffee and tea ( No GST) 28.60 10 004 Cleaning 44.00 12 005 Newspapers and magazines 23.10 18 006 Taxi fare 11.00 22 Paper and pens Taxi fare 007 15.95 23 008 8.80 24 009 Cleaning 44.00 26 Cheque no 03680 Increase petty cash float by 100.00 28 010 Stationery 10.45 The fund was reimbursed on 31 July. Required: a. Petty Cash Book for July (total the journal for reimbursement cheque)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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C6 Please help me answer this one. Use table in answering this. Type only the answers, do not handwritten. Thank you!
On 1 July, after reimbursement for June expenditures, the petty cash fund of Rocky Road had a balance of
$300. Payments to and from the fund, including GST, for the month of July are listed below. Assume all
amounts include GST unless stated otherwise.
Date
Petty Cash Voucher No.
Particulars
July 02
001
Taxi fare
16.50
06
002
Stationery
38.50
08
003
Coffee and tea ( No GST )
28.60
10
004
Cleaning
44.00
12
005
Newspapers and magazines
23.10
18
006
Taxi fare
11.00
22
007
Paper and pens
15.95
23
008
Taxi fare
8.80
24
009
Cleaning
44.00
26
Cheque no 03680
Increase petty cash float by
100.00
28
010
Stationery
10.45
The fund was reimbursed on 31 July.
Required:
a.
Petty Cash Book for July (total the journal for reimbursement cheque)
Petty Cash Book – Rocky Road
Receipts
Date
Particulars Payment Travel Stat'y
Amen
Clean
Sundries
GST
Transcribed Image Text:On 1 July, after reimbursement for June expenditures, the petty cash fund of Rocky Road had a balance of $300. Payments to and from the fund, including GST, for the month of July are listed below. Assume all amounts include GST unless stated otherwise. Date Petty Cash Voucher No. Particulars July 02 001 Taxi fare 16.50 06 002 Stationery 38.50 08 003 Coffee and tea ( No GST ) 28.60 10 004 Cleaning 44.00 12 005 Newspapers and magazines 23.10 18 006 Taxi fare 11.00 22 007 Paper and pens 15.95 23 008 Taxi fare 8.80 24 009 Cleaning 44.00 26 Cheque no 03680 Increase petty cash float by 100.00 28 010 Stationery 10.45 The fund was reimbursed on 31 July. Required: a. Petty Cash Book for July (total the journal for reimbursement cheque) Petty Cash Book – Rocky Road Receipts Date Particulars Payment Travel Stat'y Amen Clean Sundries GST
b. General Journal entry for the cheques on 26 July and 31 July.
General Journal – Rocky Road
Date
Details
Debit
Credit
Transcribed Image Text:b. General Journal entry for the cheques on 26 July and 31 July. General Journal – Rocky Road Date Details Debit Credit
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