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A) Michell Lee Trading has been in the business for more than 5 years. The following transactions for the month of January 2016 are as
A) Michell Lee Trading has been in the business for more than 5 years. The following transactions for the month of January 2016 are as follows: 1 Balance as per cashbook: Bank RM4, 900 and Cash RM8, 500. 3 Bought goods on credit from Ali Bhd. RM3,500. 8 Cash sales, RM2,350. 11 Received a chequc for RM2,500 from Jasmine to settle an invoice of RM2,700. 14 Bought a computer RM4,100 by cheque for office use. 17 Paid personal insurance of RM320. 18 Sold goods on credit to Siva, RM600. 20 Paid for RM1,600 to Cristinc after deducting 5% discount. 21 Transferred cash from office to bank. RM5,500. 25 Purchases made by cheque amounting to RM600. 26 Paid Benjamin Trading a cheque of RM950 after deduction of RM30 cash discount. 27 Michell Lee introduced further capital of RM6,300. 28 Interest on fixed deposit from CIMB Bank, RM2,700. 30 Received cash of RM 1,000 from Maria as a loan. Required: Prepare a three-column cashbook
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