Ann Bannister keeps a two-column cash book; during the month ofAugust 20-8 the following transactions took place.

Question:

Ann Bannister keeps a two-column cash book; during the month ofAugust 20-8 the following transactions took place. Enter each transaction in the cash book, balance at the end of the month, and bring down the balances:

Aug 1 Balances brought forward from last month: cash £515, bank £2,558 2 Cash received from sales £226 3 Paid D Nicholas £492 by cheque 4 Received rent from sub-tenant £230 in cash 5 Paid insurance £48 by cheque 8 Bought office supplies £69, paying in cash 9 M Curtis paid the firm £527 by cheque 10 Paid motor repairs £104 by cheque 11 Cash received from sales £176 12 Bought goods costing £38, paying in cash 15 Received a cheque for £424 from S Myers 16 Cash drawings £250 17 Paid C Linton £750 by cheque 18 Cash received from sales £182 19 Paid R Mills £193 in cash 23 Cash drawings £200 26 J Singh paid the firm £471 in cash 28 Paid motor expenses £98 by cheque 29 Paid wages in cash £550

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: