Question
2. A three-column cash book is to be written up from the following details and balanced off. 20 Marks 2021 May 1 Balances brought forward:
2. A three-column cash book is to be written up from the following details and balanced off. 20 Marks 2021 May 1 Balances brought forward: Cash RM420; Bank RM4940. 2 The following paid their accounts by cheque, in each case deducting 5% cash discounts: J.Hong RM 820; G.Hod RM 440; Rae RM 1040, L.Will RM 320 4 Cash sales paid direct into the bank RM740. 6 Paid rent by cash RM 340. 8 We paid the following accounts by cheque in each case deducting 2.5% cash discounts: Melvin RM3, 60; Pang RM 960; Farid RM 400 10 Withdrew cash from the bank for business use RM 400. 12 Mr.Brown paid us on his account RM280, by cheque less RM 20 cash discount 15 Paid wages by cash RM540 18 We paid the following account by cheque, in each case deducting RM 20 cash discount: Tamura RM 310, Hallen RM 412 21 Cash withdrawn from the bank RM3500 for business use. 24 Bought fixtures by cheque RM 4320 25 Received RM324 cheque from Allen. 31 Cash Sales RM 980. 31 Paid postage stamp by cash RM 56.
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