1. Bruce maintains a three column cash book in his business. On 1 June 2020 the following information about the balances were available:

$ Cash 15 Bank Overdraft 40 During June 2020 the following transactions occurred:

June 3 Cash Sales, $ 670

10 Paid wages $ 75 and general expenses, $ 25, in cash

12 Banked cash $ 675

18 Cheque, $ 56, received from Murtun in February was returned by the bank marked refer to drawer

20 Settled Willis account of $455 by cheque after deducting 4% cash discount

25 Drawings taken $60 in cash and $ 255 by cheque

30 Received a cheque of $385 from Merc after he had deducted 5% cash discount. This was paid into the bank.

Required

Question 1.

(a) Prepare the three column cash book for June 2020 using the following format. Balance the cash book and bring down the balances on 1 July 2020.