Simms Enterprises keeps a three-column cash book. During the month of May 20-8 the following transactions took
Question:
Simms Enterprises keeps a three-column cash book. During the month of May 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:
May 1 Opening balances: 280.78 in the cash account and 762.30 in the bank account 2 Received 375.50 by cheque from T. Lonsdale in full settlement of his account of 394.28 3 Paid Digitel 176.92 by cheque (cheque number 20514) 5 Cash purchases 105.30 8 Received 247.95 by cheque from A. Brown & Sons 10 12 14 Paid Riley & Clark's account of 420.60 less 5 per cent cash discount (cheque number 20515) Received 104.38 in cash from S. Groves, a debtor Paid Chapela Ltd 294.06 by cheque (cheque number 20516) 16 Paid L. Wiseman's account of 176.80 less 2.5 per cent cash discount (cheque number 20517) 18 Received 490.62 by cheque from Aspinall Ltd in full settlement of their account of 515.15 18 Received 209.88 by cheque from E. Foxhill 20 Cash purchases 165.92 21 Paid Mollitex 350.46 by cheque (cheque number 20518) Received 126.24 in cash from H. Khan, a debtor 23 24 Paid Sharp Electronics' account of 430.80 less 2.5 per cent cash discount (cheque number 20519) 25 Paid motor expenses 94.24 by cheque (cheque number 20520) Received 308.36 from Moss Linton in full settlement of their account of 323.78 25 22 22 22 23 26 Cash sales 190.56 28 Paid Dean & Gill's account of 250.40 less 5 per cent cash discount (cheque number 20521) 30 Received 82.36 in cash from C. Botica, a debtor 30 Received 585.25 by cheque from King Bros in full settlement of their account of 614.52
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