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dates Transactions Time left 1:12:34 2021 AprilBalances brought forward Cash $3 150 Bank $5 000 2Singh who had an account balance of $8 000
dates Transactions Time left 1:12:34 2021 AprilBalances brought forward Cash $3 150 Bank $5 000 2Singh who had an account balance of $8 000 paid in full by cheque, after deducting 5% cash discount 3Paid rent by cheque $700 7Paid Townsend by cheque on account balance of $1,000, after deducting a 3% cash discount 10Received a cheque of $3 000 from a friend as a loan 15Paid wages in cash $300 16Transferred $1 700 from bank to cash 25Cash sales $450 27Cash withdrawn from the bank for personal use $150 28Paid in full McEwan's outstanding balance of $700, less 5% cash discount using cash a From the transactions above LWrite up Morrison's Three Column cash book from the transactions below, and balance the cash book appropriately. (20 marks) Post the discounts to the general ledger. (5 marks) b. What are the entries required to add the following transaction to the cash book (state the amount and the side of the cashbook that the entry entries should appear) Thomas received $40,050 in cash from which he paid out $13,060. He later banks all cash except $1,800 (5 marks) Activat Go to Set
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