Problem 1 (Bookkeeping) ILO 4 On January 1, 2024 Noorani Stores cash book showed debit balance...

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Problem 1 (Bookkeeping) ILO 4 On January 1, 2024 Noorani Stores cash book showed debit balance of cash $1,550 and bank $13,575. During the month of January following business was transacted. Jan.1 "I 4 6 8 10 12 1 16 27 30 31 Purchased office typewriter for cash $750; cash sales $315 Deposited cash $500 Received from A. Hussan a cheque for $2,550 in part payment of his account Paid by cheque for merchandise purchased worth $1,005 Deposited into bank the cheque received from A. Hussan. Received from Hayat Khan a cheque for $775 in full settlement of his account and allowed him discount $15. Sold merchandise to Divan Bros. for $1,500 who paid by cheque which was deposited in the bank. Paid Salman $915 by cheque, discount received $5 Paid to Gulzar Ahmad by cheque $650 Paid salaries by cheque $1,750 Deposited into bank the cheque of Hayat Khan. 31 Drew from bank for office use $250. You are required to enter the above transactions in three column cash book and balance it. Problem 1 (Bookkeeping) ILO 4 On January 1, 2024 Noorani Stores cash book showed debit balance of cash $1,550 and bank $13,575. During the month of January following business was transacted. Jan.1 "I 4 6 8 10 12 1 16 27 30 31 Purchased office typewriter for cash $750; cash sales $315 Deposited cash $500 Received from A. Hussan a cheque for $2,550 in part payment of his account Paid by cheque for merchandise purchased worth $1,005 Deposited into bank the cheque received from A. Hussan. Received from Hayat Khan a cheque for $775 in full settlement of his account and allowed him discount $15. Sold merchandise to Divan Bros. for $1,500 who paid by cheque which was deposited in the bank. Paid Salman $915 by cheque, discount received $5 Paid to Gulzar Ahmad by cheque $650 Paid salaries by cheque $1,750 Deposited into bank the cheque of Hayat Khan. 31 Drew from bank for office use $250. You are required to enter the above transactions in three column cash book and balance it.