Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

March 1 $1,045 March 2 Balances: cash in hand $250; cash at bank Paid R. Roberts $650 by cheque in full settlement of an

March 1 $1,045 March 2 Balances: cash in hand $250; cash at bank Paid R. Roberts $650 by cheque in full settlement of an account of $695 Paid postage $14 cash. Purchased stationery March 3 $12.75 cash. March 4 $55 by cheque. March 6 Paid electricity $45 by cheque. Paid advertising Cash sales $540. Deposited $450 into the bank. Withdrew $100 for his personal use by cheque. March 8 Cash purchases $188. Paid postage $6.50 cash. Paid telephone $72 by cheque. March 9 Withdrew cash from bank for office use $25 paid sundry expenses $13 by cash. Received a cheque from A. Sealy $240 in full March 10 Settlement of a debt $243. March 11 settlement of account $437 March 12 expenses $5 cash. March 13 Paid B. Rajnauth $430 by cheque in full Paid for repairs $25 cash and travelling Received cheque from D. Anderson$180 in full settlement of account of $182. Cash sales $600. Paid wages $350 in cash. use. March 15 Withdrew $75 by cheque for his personal Deposited $100 into bank. Required: Prepare the three column cash book for the month of March 2020.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The Closing balance of ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

9th edition

1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227

More Books

Students also viewed these Accounting questions

Question

Find the derivatives of the function. 9 cot sin t t

Answered: 1 week ago

Question

What are the various ways the LCM determination can be made?

Answered: 1 week ago