Use an Excel Spreadsheet to prepare the Petty Cash Book of Frank's Grocery for themonth of May 2013.The owner of Frank's Grocery maintains a Petty Cash Book with an imprest of $450. Write upthe Petty Cash Book for this business for the month of May 2013 using the following fiveanalysis columns to record expenses: cleaning, office expenses, motor expenses, casual labor,and sundries.$May1ExpensesCleaning materialsLetter and Legal size25430paperDriving licenses37Lunch for security30guardsToilet Paper (general)25P. King - casual labor20Stapler and staples18Petrol35Motor repairs50Ms. Wright - Cleaner45T. Cooke - PL 2811Coffee10F. Mattoo - PL 2521Paper-clips12J. Hogan -casual15laborGuard dog - food29You are required to:1) Prepare the Petty Cash Book and record the above transactions.2) Balance the Petty cash account and restore the imprest.57811141820242627282931

Petty cash means the cash handed over to some employee to meet the daily needs of petty expenses…

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.

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.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.3: Accounting For Cash And Credit Card Sales

Problem 1OYO

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