(b) Record the above transactions (c) Balance-off the accounts at the end of off the accounts at the end of the monthl. eptember the financial position of Sara Young's business was: 80 Cash in hand Balance at bank Accounts receivable: AB 900 200 500 300 1,000 600 1,400 Inventory Accounts payable: GH During September: 1 The three debtors settled their accounts by cheque subject to a cash discount of 4 per cent. 2 A cheque for 100 was cashed for office use. 3 The amount owing to GH was paid by cheque less 7.5 per cent cash discount. 4 U's account was settled, subject to a discount of 5 percent, by cheque. 5 Wages of 130 were paid in cash. column cash book and the accounts for the accounts receivable and accounts Required: (a) Open a three-column cash book and the accou payable at 1 September. (b) Record the above transactions for September in the area September in the accounts you opened in (a). 126