Question
On 1 August 20-9 Anna's cash book showed the following balances: cash $72 bank $673 overdrawn Anna's transactions for the month ended 31 August
On 1 August 20-9 Anna's cash book showed the following balances: cash $72 bank $673 overdrawn Anna's transactions for the month ended 31 August 20-9 included the following: August 3 6 8 Transferred sufficient funds from the bank to bring the cash balance to $150 Cash sales, $640, of which $600 was paid into the bank Danish, a credit customer, settled his account of $700, by credit transfer, less 3% cash discount $2000 14 was paid into the bank 16 Paid a cheque to Barney, a credit supplier, in settlement of his account of $800, less 2% cash discount A bank loan, 18 Cash sales, $736, of which $500 18 Paid wages, $200, in cash was paid into the bank
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SOLUTION a Annas Cash Book for the month of August 209 On August 1 the cash balance was 72 and the b...Get Instant Access to Expert-Tailored Solutions
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
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