Question
I need you to write up a 3 Column Cash Book of the Transaction that was done with our company few months ago(July 2015) July
I need you to write up a 3 Column Cash Book of the Transaction that was done with our company few months ago(July 2015) July 1 Balance brought forward : Cash in Hand : $5000 Cash at Bank : $ 90,000 July 2 Received Cash loan of $25 ,000 from Partners . July 3 Bought goods of $156,000 July 4 Bought Motor Van paying by check $1,600 July 5 Cash Withdrawn from the bank $25,000 July 7 Paid Wages in Cash $16,000 July 8 Cash Drawings $10,000 July 10 Cash Sales paid directly into the bank $28,000 July 12 We paid the following Accounts by Check less 10% discount in each case: Marshal : $2,000 Linda : $1,600 Theresa : $1,800 July 13 The following paid us their Accounts by Check in each case deducting 2.5% Discount; Jerry : $980 Martins: $450 July 15 Receive a further loan of $2,500 July 16 We paid Brandy his account of $400 by Check July 18 Cash Sales $8,000 July 21 Paid Rent in Cash $1,800 July 23 Received Commission By Check $7,500 July 25 The following persons paid us their Accounts by check in each Case Deducting 5% Discount; Uson $500 David : $4,599 July 26 We paid the following Accounts paid by check in each case deducting 2% Discount; Joseph : $2000 Woroniecka : 1,200 July 28 Paid Insurance 8,900 July 29 Linda Paid us a check for $ 2,500 having deducted 200 for cash Discount.
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