Peter Colley keeps a two-column cash book; during the month of July 20-8 the following transactions took
Question:
Peter Colley keeps a two-column cash book; during the month of July 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:
July 1 Balances brought forward from last month: cash £635, bank £1,600 2 Bought goods costing £125, paying in cash 3 Received rent from sub-tenant £230 in cash 4 Paid J Crossley £345 by cheque 5 Cash drawings £150 8 Cash received from sales £280 9 R Wilson paid the firm £496 hy cheque 10Bought office stationery £76, paying by cheque 14 T Burton paid the firm £2,250 by cheque 15 Cash received from sales £275 16 Cash drawings £100 17 Bought motor van £1,500, paying by cheque 18 Bought goods costing £90, paying in cash 21 Paid motor expenses £100 in cash 22 Received a cheque for £854 from B Sykes 23 Cash received from sales £220 24 Paid R Mills £196 by cheque 25 Cash drawings £150 26 Paid E Williams £525 by cheque 28 Cash received from sales £240 29 Paid wages in cash £650
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