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Please the value for the goods bought on November 3 is $159000 not $59000. Thank you. 1245 Sun, Nov 5 & COMM 8 &DE Expert
Please the value for the goods bought on November 3 is $159000 not $59000. Thank you.
1245 Sun, Nov 5 \& COMM 8 \&DE Expert Q2A \& Task \#3: I need you to Write up a 3 Column Cash Book of the Transaction that was done with our company (November 2007) November 1 Balance brought forward: Cash in Hand: $100,000 Cash at Bank: $95,000 November 2 Received Cash loan of $28,000 from Partners. November 3 Bought goods of $59,000 by Check November 4 Bought Motor Van paying by check $2,600 November 5 Cash Withdrawn from the bank $27,000 November 7 Paid Wages in Cash $18,000 November 8 Cash Drawings $14,000 from the Bank November 10 Cash Sales paid directly into the bank $30,000 November 12 We paid the following Accounts by Check less 10% discount in each case: Marshal: $3,000 Linda: $1,800 Theresa: $2,000 November 13 The following paid us their Accounts by check in each case deducting 2.5% Discount Jerry: $1180 Martins: $550 November 15 Received a further Loan of $3,500 November 16 We paid Brandy his account of $700 by Check November 18 Cash Sales $9,000 November 21 Paid Rent in Cash $1,900 November 23 Received Commission By Check 89,500 November 25 The following persons paid us their Accounts by check in each case Deducting 5% Discount: Anthony, 3800 David: 36,599 November 26 We paid the following Accounts pald by check in each case deducting 2% Discount Joseph: $4000 Thompson: 11,900 November 28: Paid Insurance of 89900 November 29: Linda paid us a Check for 22,500 having deducted 8600 for cash discountStep by Step Solution
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