Gina Howard keeps a three-column cash book. During the month of October 20-8 the following transactions took
Question:
Gina Howard keeps a three-column cash book. During the month of October 20-8 the following transactions took place:
You are required to:
(a) Enter the opening balances.
(b) Enter details of receipts and payments including cash discounts.
(c) ‘Total and balance the cash book and bring down the balances.
(d) ‘Total the discount columns.
Transcribed Image Text:
Oct 1 Opening balances: 304.98 in the cash account and there was a bank overdraft of 1,012.54 3 Paid Cable Media (Sundry expenses) 376.82 by cheque (cheque number 15292) 4 Received 547.50 by cheque from Maximate in full settlement of their account of 574.86 5 Cash purchases 150.95 7 Cash sales 209.76 9 Paid Merlins Ltd account of 320.80 less 2.5 per cent cash discount (cheque number 15293) 12 Received 468.48 by cheque from Rogers & Shaw 12 14 18 19 20 21 23 24 25 26 27 27 30 Received 370.04 by cheque from Bond Group in full settlement of their account of 388.54 Paid Andrew Freres 216.96 by cheque (cheque number 15294) Received 192.64 in cash from J. Hakim, a debtor Paid Victoria Plastics' account of 248.40 less 5 per cent cash discount (cheque number 15295) Received 620.96 by cheque from D. Chippendale Cash purchases 109.79 Paid insurance 164.50 by cheque (cheque number 15296) Received 594.36 by cheque from Douglas & Son in full settlement of their account of 624.08 Cash sales 175.82 Paid Woodrow Dawson's account of 130.80 less 2.5 per cent cash discount (cheque number 15297) Received 106.50 in cash from Martin Vickers, a debtor Paid D. Lorenz 250.62 by cheque (cheque number 15298) Received 872.74 by cheque from Lloyd & Young in full settlement of their account of 916.38
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.