Write up a two-column cash book for a second-hand bookshop from the following: Nov 1 Balance brought
Question:
Write up a two-column cash book for a second-hand bookshop from the following:
Nov 1 Balance brought forward from last month: Cash £295; Bank £4,240.
2 Cash sales £310.
3 Took £200 out of the cash till and paid it into the bank.
4 F. Bell paid us by cheque £194.
5 We paid for postage stamps in cash £80.
6 Bought office equipment by cheque £310.
7 We paid L. Root by cheque £94.
9 Received business rates refund by cheque £115.
11 Withdrew £150 from the bank for business use.
12 Paid wages in cash £400.
13 Cash sales £430.
14 Paid motor expenses by cheque £81.
16 J. Bull lent us £1,500 in cash.
20 K. Brown paid us by cheque £174.
28 We paid general expenses in cash £35.
30 Paid insurance by cheque £320.
Step by Step Answer:
Frank Woods Business Accounting An Introduction To Financial Accounting
ISBN: 9781292365435
15th Edition
Authors: Alan Sangster, Lewis Gordon, Frank Wood