Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 2 4 6 Tutorial 3 A three-column cash book is to be written up from the following details and balanced off. 20x9 Jan Balances
1 2 4 6 Tutorial 3 A three-column cash book is to be written up from the following details and balanced off. 20x9 Jan Balances brought forward: Cash RM2300; Bank RM47560. The following paid their accounts by cheque, in each case deducting 5% cash discounts: Willow RM1,400; Sarah RM2, 200: Jessy RM3,000. Paid rent by cheque RM1,200. Clara lent us RM1,000 by cheque. We paid the following accounts by cheque in each case deducting 2.5% cash discounts: Bobby RM3, 600; Phillip RM4,800; Ciara RM8,000. 10 Paid motor expenses in cash RM440. 12 Hallen pays his account of RM770, by cheque RM740. deducting RM30 cash discount. 15 Paid wages in cash RM1,600. The following were paid in their accounts by cheque, in each case deducting 5% cash discount: Charlez RM2, 600; JJ company RM3, 400; Harris RM4, 600. 8 18 21 Cash withdrawn from the bank RM3500 for business use. 24 25 Cash drawings RM1,200. Paid Terry his account of RM1,400, by cash RM1,330 having deducted RM70 cash discount. Purchased furniture by paying RM6, 500 in cheque. Received commission by cheque RM880. 29 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started