Oakhill Printing Cost Ltd operates its petty cash account on the imprest system. It is maintained at a figure of £80, with the balance being restored to that amount on the first day of each month. At 30 April 20X6 the petty cash box held £19.37 in cash. During May 20X6, the following petty cash transactions arose:

Required:

(a) Open and post the company’s analysed petty cash book for the period 1 May to 1 June 20X6 inclusive.

(b) Balance the account at 30 May 20X6.

(c) Show the imprest reimbursement entry on June 1.

Transcribed Image Text:

May 1 Cash received to restore imprest (to be derived) "1 1 Bus fares 11 "1 "1 "1 "1 "1 "1 "1 11 11 11 11 11 11 "1 "1 11 "1 11 "1 "1 Stationery 2 4 Bus fares 7 Postage stamps 7 Trade journal 8 Bus fares 11 Tippex 12 Typewriter ribbons 14 Parcel postage 15 Paper clips 15 Newspapers 16 Photocopier repair 19 Postage stamps 20 Drawing pins 21 Train fare 22 Photocopier paper 23 Display decorations 23 Tippex 25 Wrapping paper 27 String 27 Sellotape 27 Biro pens 47. £ ? 0.41 2.35 0.30 1.70 0.95 0.64 1.29 5.42 3.45 0.42 2.00 16.80 1.50 0.38 5.40 5.63 3.07 1.14 0.78 0.61 0.75 0.46