You are required to prepare a petty cash book and an extract of the cash payments journal, and post to the general ledger of L Baird for March 2022. The solution is used in question 8.20.

2 A petty cash float of $100 was established.

5 Taxi fares $27.50 ($25.00 + $2.50 GST).

7 Milk $2.50 and chocolate biscuits for morning tea $6.60 including GST, total of $9.10 ($8.50 + $0.60 GST).

15 Stamps of various values $13.50 ($12.27 + $1.23 GST).

21 Stationery from newsagent $19.25 ($17.50 + $1.75 GST).

25 Stationery from Stan’s Stationery Shop $8.25 ($7.50 + $0.75 GST).

31 Reimburse petty cash.