Faisal Ahmed, referred to in the previous question, continued with his business selling flat panel computer monitors. He had a cash balance of £6,480 brought forward from the previous week. He opened a bank account on 14 November with a deposit of £5,000. His instruction to his cashier was to bank all shop takings daily, leaving a cash float of only £500 in hand. Apart from bank deposits made on a daily basis the business transactions in the second week were as stated below:

Required: 

Write up the two-column Cash Book.

Transcribed Image Text:

Date Transaction 14.11 Sold 12 monitors @ £250 each 14.11 Received a loan from Olga 14.11 Paid in cash for office cleaning 15.11 Paid for 20 monitors @ £180 each by cheque no 001 15.11 Motor car expenses paid in cash 15.11 Sold 9 monitors @ £250 each 15.11 Paid for advertising by cheque no 002 16.11 Sold 14 monitors @ £250 each 16.11 Paid for stationery in cash 16.11 Paid for 12 monitors @ £180 each by cheque no 003 17.11 Paid for electricity by cheque no 004 17.11 Paid for office cleaning in cash 17.11 Sold 12 monitors @ £250 each 18.11 Paid for advertising by cheque no 005 18.11 Sold 8 monitors @ £250 each 18.11 Faisal took cash out for his own use 18.11 Paid staff wages in cash 18.11 Paid vehicle running expenses by cheque no 006 4 ~. £ ? 2,000 175 ? 225 ? 340 ? 120 ? 180 175 ? 340 ? 600 550 240