Use the following information to answer questions 6 and 8
Taiwo is a sole trader who keeps his petty cash on the imprest system, the imprest amount being #4,000. The following transactions took place for a particular month:
#
Dec 1 Petty cash in hand 517
1 Petty Cash to imprest amount 3,483
6 Bought note books 328
7 Paid Wages 914
14 Bought postage stamps 375
16 Paid to J. Thomas Stamps, a creditor 536
6) Amount to be posted to the personal ledger is
a) #765
b) #585
c) #536
d) #517
7) Amount spent on stationery is
a) #765
b) #585
c) #538
d) #37
8) Amount to be reimbursed at the end of the month is
a) #4,000
b) #3,728
c) #3,483
d) #1,842
