(a) John James who kept petty cash on the Imprest System had an imprest amount of $1000 for the month of April 1999. His Petty cash transactions were:
You are required to:
(i) Restore the amount on April 1
(ii) Enter up the Petty Cash Book.
(iii) Balance the Petty Cash Book at the end of April 1999.
(iv) Reimburse the petty cash with the imprest amount.
(b) Carol Bartley prepared the following Journal entries:
(i) From the above journal entries, prepare the suspense account.
(ii) Describe the error which was made and is corrected at (4) above.
(iii) What was the difference in the Trial Balance before the errors were discovered and corrected.