The petty cashier of John and James Company paid cash for the following expenditures during March 2018.

March 01: Balance brought forward; petty cash $50.

March 01: The amount of petty expenditures for previous month reimbursed by chief cashier $200.

March 05: Bought some liquid material for cleaning purpose $25.

March 10: Paid $20 for van wash.

March 13: Bought pens and pencils $15.

March 17: Paid for fuel $35.

March 20: Paid $55 for casual labor.

March 22: Donated $10 to SBA - a charitable institution.

March 30: Bought a broom for office $5

Required: Record the above transactions in a petty cash book assuming a petty cash imprest system is used by the John and James company.

Answer rating: 100% (QA)

Petty Cash Book March 2018 Date Transaction Description Debit Credit Balance Mar 01 Balance brought ... View the full answer