On 1 August, Coby Ltd established a $200 petty cash fund. Cheque No.1004 was received by the petty cash cashier and duly
Posted: Wed Mar 09, 2022 8:11 am
On 1 August, Coby Ltd established a $200 petty
cash fund. Cheque No.1004 was received by the petty cash cashier
and duly cashed. On 31 August, the petty cash box contained the
following cash and expense
vouchers:
Expense vouchers ( no
GST)
Voucher no.
Date
Purpose
Amount
06
August
7
stationery
$ 70.00
07
8
Taxi
$ 35.00
08
13
Stamps
$ 27.50
09
20
Newspapers
$ 19.90
Required:
1. Record the Petty Cash Advance of $200
(including journal entry)
2. Record the petty cash vouchers into the petty
cash book and reimburse the petty cash expenses (including
journal entry Cheque No.1065 )
cash fund. Cheque No.1004 was received by the petty cash cashier
and duly cashed. On 31 August, the petty cash box contained the
following cash and expense
vouchers:
Expense vouchers ( no
GST)
Voucher no.
Date
Purpose
Amount
06
August
7
stationery
$ 70.00
07
8
Taxi
$ 35.00
08
13
Stamps
$ 27.50
09
20
Newspapers
$ 19.90
Required:
1. Record the Petty Cash Advance of $200
(including journal entry)
2. Record the petty cash vouchers into the petty
cash book and reimburse the petty cash expenses (including
journal entry Cheque No.1065 )