Enter the following information in a three-column cashbook and

balance off the cashbook at the end of the month.

May

1 Started business with GH60,000 in bank

7 Paid S. Stevens GH800 owing to him by cash, less a discount of

GH40.

9 Kofi paid us a cheque for GH3,800 less a discount of GH200.

12 Paid rates by cheque GH4,100

14 Kelly paid us a cheque for GH1,150

16 Bought fixtures paying by cheque GH95,000

17 Bought goods paying by cheque GH12,400

18 Cash sales GH40,700

19 Paid rent in cash GH2,000

20 Amewu paid us his account by cheque GH22,000, we allowed

him GH100 discount.

23 Paid Senyo GH1,140 to settle his account of GH2,100 by cash,

deducting a discount

25 Foyoh pays us a cheque forGH780 having deducted GH20 cash

discount

26 Cash sales paid directly into bank GH880

27 The proprietor withdraw GH2,000 cash for personal use.

29 Sent cash of GH5,000 to the bank

30 Withdraw GH3,500 from the bank for office use.

The information below relates to Jabez Enterprise for March,

2004.

Mar.

1 Balance at the beginning: cash GH9,700; Bank 21,860

2. Ofori paid us by cheque GH6,000, deducting a 5 percent cash

discount.

3. Cash sales paid directly into the bank GH1,340

5. Paid rent by cash GH880.

7. Paid Mavis GH2,000 by cheque deducting 2 percent cash

discount

8. Withdrew cash from bank for business use GH2,500

10. Cash sales GH2,060

12. Dede paid us his account of GH890 by cheque less GH20

cash discount

14. Paid wages and salary by cash GH2,500

16.Paid Von Bacusta by cheque GH1,170 less cash discount

GH60

20. Bought fixtures by cheque GH800

24.Bought motor van paying by cheque GH71,660

29.Received commission by cheque GH1,690

30.Cash sales GH1,160

30.Bought stationery cash GH600

Required;

Draw up The appropriate cashbook to record the above information

and balance off the cashbook at the end of the month.