REQUIRED..PREPARE PETTY CASH BOOK

QUESTION TWO [25 marks) (a) Explain the purpose of the following to a trading enterprise I. General Journal II. Purchase Journal III. Sales Journal IV. Return Outwards Journal V. Return Inwards Journal (10 marks) (b) Mr. Ofori Amponsah operates a petty cash system with a float of GH1,200.00. Reimbursement is made at the end of every fortnight (ie.15th and at the end of every month). The transactions below took place in the month, September 2016 GHC Jan-01 The petty cashier was given his first imprest Jan-02 Postage Jan-03 Wages Cleaning Jan-05 Stationery Jan-07 Postage Jan-08 Electricity Jan-10 Registered letters Jan-12 Cleaning Jan-13 Wages Jan-14 Fees for post office box Jan-16 Electricity expenses Jan-18 Cleaning Postage Jan-20 Stationery Electricity expenses Jan-21 Wages Jan-24 Cleaning Jan-25 Cleaning Jan-26 Stationery Jan-27 Postage Stationery Jan-30 Wages You are required to prepare the Petty Cash Book 50.00 200.00 50.00 100.00 75.00 155.00 120.00 99.00 156.00 165.00 65.00 75.00 55.00 74.00 80.00 250.00 100.00 46.00 57.00 105.00 46.00 90.00 (15 marks)