Kimberly Watson opened a business on 1 September 2014. On that date her business's assets and liabilities were as follows.

During September the following transactions occurred.

Prepare the following books of prime entry for September 2014:

• General journal

• Three-column cash book

• Purchases journal

• Sales journal

• Returns outwards journal

• Returns inwards journal.

Post the entries in the books of prime entry to the purchases, sales and general ledgers.

The discount columns in the cash book should be totalled and posted to the general ledger.

Transcribed Image Text:

Cash in hand 1 380 Cash at bank 1 750 Non-current assets 86 500 Bank loan 15 000 Capital 74 630