6. Keli Trading maintain a petty cash book based on the imprest system since its commencement. At the end of the period, the amount spent will be reimbursed to the petty cashier. Below are the summary of the petty cash transactions provided by Keli Trading for the month of October 2011. RM October 1 Cash float 300 3 Paid postages 50 4 Purchased envelopes 3 5 Paid cleaning 30 7 Paid ticket bus 15 10 Paid petrol 15 13 Bought pen and pencils 5 15 Bought paper clips. 10 18 Bought stamps 6 19 Paid petrol 20 22 Paid taxi fares 15 25 Printing paper 29 29 Purchased stamp pad ink 45 30 Paid cleaning 30 Required: Prepare a petty cash book for Keli Trading for the month of October 2011 with analysis columns for expenditure on cleaning, postages, stationery and travelling.

6. Keli Trading maintain a petty cash book based on the imprest system since its commencement. At the end of the period, the amount spent will be reimbursed to the petty cashier. Below are the summary of the petty cash transactions provided by Keli Trading for the month of October 2011. RM October 1 Cash float 300 3 Paid postages 50 4 Purchased envelopes 3 5 Paid cleaning 30 7 Paid ticket bus 15 10 Paid petrol 15 13 Bought pen and pencils 5 15 Bought paper clips. 10 18 Bought stamps 6 19 Paid petrol 20 22 Paid taxi fares 15 25 Printing paper 29 29 Purchased stamp pad ink 45 30 Paid cleaning 30 Required: Prepare a petty cash book for Keli Trading for the month of October 2011 with analysis columns for expenditure on cleaning, postages, stationery and travelling.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 4AP

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Similar questions

Record the following transactions: A. Started a petty cash fund in the amount of $1,000. B. Replenished petty cash fund using the following expenses: Auto $61, Office Expenses $23, Postage Expense $57, Miscellaneous Expenses $30. C. The company has decided to reduce the petty cash fund to $600.
Enter the following transactions in a cash payments journal like the one illustrated in the chapter: Aug. 2 Issued Check No. 193 in payment of August rent (Rent Expense), 2,200. 6 Issued Check No. 194 to Mason Hardware in payment of merchandise purchased on account, 1,700, less 2% discount. The check was written for 1,666. 10 Issued Check No. 195 to Augies Wholesale for cash purchase of merchandise, 2,730.
On July 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200. Prepare journal entries for the following transactions: A. On July 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $38. B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $95, Postage Expense $240, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $110. C. On June 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $93. D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000. E. On June 30, the petty cash fund needed replenishment, as it was month end. The following are the receipts: Auto Expense $14, Supplies $75, Postage Expense $150, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $603.
Record the following transactions: A. Started a petty cash fund in the amount of $575 B. Replenished petty cash fund using the following expenses: Auto $18, Office Expenses $35, Postage Expense $56, Miscellaneous Expenses $67. Cash on hand is $399. C. Increased petty cash by $25.
Record the following transactions: A. Started a petty cash fund in the amount of $500. B. Replenished petty cash fund using the following expenses: Auto $24, Office Expenses $43, Postage Expense $19, Miscellaneous Expenses $25. Cash on hand is $389. C. The company has decided to reduce the petty cash fund to $300.