Use an Excel Spreadsheet to prepare the Petty Cash Book of Frank's Grocery for the month of May 2013. The owner of Frank's Grocery maintains a Petty Cash Book with an imprest of $450. Write up the Petty Cash Book for this business for the month of May 2013 using the following five analysis columns to record expenses: cleaning, office expenses, motor expenses, casual labor, and sundries. $ May 1 Expenses Cleaning materials Letter and Legal size 25 4 30 paper 5 Driving licenses 37 7 Lunch for security 30 guards 8 Toilet Paper (general) 25 11 P. King-casual labor 20 14 Stapler and staples 18 18 Petrol 35 20 Motor repairs 50 24 Ms. Wright - Cleaner 45 26 T. Cooke - PL 28 11 27 Coffee 10 28 F. Mattoo - PL 25 21 Paper-clips 12 29 J. Hogan -casual 15 labor 31 Guard dog -food 29 You are required to: 1) Prepare the Petty Cash Book and record the above transactions. 2) Balance the Petty cash account and restore the imprest.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use an Excel Spreadsheet to prepare the Petty Cash Book of Frank's Grocery for the
month of May 2013.
The owner of Frank's Grocery maintains a Petty Cash Book with an imprest of $450. Write up
the Petty Cash Book for this business for the month of May 2013 using the following five
analysis columns to record expenses: cleaning, office expenses, motor expenses, casual labor,
and sundries.
$
May
1
Expenses
Cleaning materials
Letter and Legal size
25
4
30
paper
Driving licenses
37
Lunch for security
30
guards
Toilet Paper (general)
25
P. King - casual labor
20
Stapler and staples
18
Petrol
35
Motor repairs
50
Ms. Wright - Cleaner
45
T. Cooke - PL 28
11
Coffee
10
F. Mattoo - PL 25
21
Paper-clips
12
J. Hogan -casual
15
labor
Guard dog - food
29
You are required to:
1) Prepare the Petty Cash Book and record the above transactions.
2) Balance the Petty cash account and restore the imprest.
5
7
8
11
14
18
20
24
26
27
28
29
31
Transcribed Image Text:Use an Excel Spreadsheet to prepare the Petty Cash Book of Frank's Grocery for the month of May 2013. The owner of Frank's Grocery maintains a Petty Cash Book with an imprest of $450. Write up the Petty Cash Book for this business for the month of May 2013 using the following five analysis columns to record expenses: cleaning, office expenses, motor expenses, casual labor, and sundries. $ May 1 Expenses Cleaning materials Letter and Legal size 25 4 30 paper Driving licenses 37 Lunch for security 30 guards Toilet Paper (general) 25 P. King - casual labor 20 Stapler and staples 18 Petrol 35 Motor repairs 50 Ms. Wright - Cleaner 45 T. Cooke - PL 28 11 Coffee 10 F. Mattoo - PL 25 21 Paper-clips 12 J. Hogan -casual 15 labor Guard dog - food 29 You are required to: 1) Prepare the Petty Cash Book and record the above transactions. 2) Balance the Petty cash account and restore the imprest. 5 7 8 11 14 18 20 24 26 27 28 29 31
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