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Prepare the general journal for March

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Reference no: EM132676318

Question - A family member of you runs his own business, Family is All and have asked you to help with the preparation of the accounting records for this small business.

He has provided you with the following information:

Petty cash vouchers for March 2020

No Description Amount

1 Milk from Spar for pause area R50

2 Paper for printer from ABC stationery R200

3 Daily wage for cleaner R250

4 Petrol for company vehicle R500

5 Cake from Bake-it-all for office staff R250

6 Daily wage for temp R300

The owner has also contributed some office furniture on 1 March 2020 with a value of R5 000 towards the business. He is however not sure how this should be recorded; journal voucher 301 was issued in this regard.

Required - Prepare the general journal for March 2020 to reflect that owners' office furniture contribution. Journal narrations are required.

Reference no: EM132676318

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