5.4 At the start of a trading week the bank account of Laser Ltd showed that the...

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5.4 At the start of a trading week the bank account of Laser Ltd showed that the company was £6,510 overdrawn. During the week the company undertook the following cash transactions:

Day Receipts £ Payments £

1 Sales 1,790 Purchases 2,250 2 Sales 2,190 Wages 380 3 Sales 1,250 Sale of fixed asset 1,000 4 Sales 3,720 Interest on loan 400 5 Sales 1,540 Purchase 3,140 6 Sales 2,710 Wages 450 Prepare the analysed cash book of Laser Ltd to record the above information and carry down the balance at the end of the week.

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Introduction To Accounting

ISBN: 9780761970378

3rd Edition

Authors: Pru Marriott, J R Edwards, Howard J Mellett

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