1 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....

1

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 2006 the petty cash box held £19.37 in cash.

During May 2006, 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 2006

inclusive.

(b) Balance the account at 30 May 2006.

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