Leo maintains a petty cash book using the imprest system. The imprest amount, which is $200, is restored on the first day of each month. All payments of less than $100 are made from petty cash. All cash receipts of less than $100 are paid into petty cash. On 1 April 2021 Leo had $48 in his petty cash box. Leo provided the following information for April 2021. April 1 Restored petty cash imprest from the business bank account 5 Paid for office cleaning, $21 7 Paid for train ticket, $13 13 Paid $72 to Hunter, a trade payable 18 Paid taxi fare, $14 25 Received cash, $11, from Conrad, a trade receivable

1. (a)Prepare Leo's petty cash book for the month of April 2021, on page 3. Balance the petty cash book and bring down the balance on 1 May 2021.[10]
2. (b)(i)Name the ledger to which each of the following would be posted. The total of the column for travel expenses The payment to Hunter[2]
3. (b)(ii)Name the accounting principle which is being applied when figures from the petty cash book are posted to the appropriate ledgers.[1]
4. (c)State two purposes of issuing this statement to Leo.[2]
5. (d)Advise Leo whether he should go ahead with this change. Justify your answer by providing two advantages and two disadvantages.[5]