Prepare the three column cashbook and balance it.

2009

March 1 Started business with P8000.00

4. Bought goods paying by cheque P1430.00

8. Cash sales P680.00

9. Sold goods on credit to N.Masego P340.00, A.Kabo P240.00, B.Olorato P320.00

10. Bought goods on credit from; S.Kagiso P520.00, F.Kola P760.00, P. Mokgwathi P510.00

19. N.Masego paid up his account of P340.00 by means of a cheque for P320.00, he was given P20.00 discount.

20. Paid S.Kagiso his account of P520.00 by means of a cheque for P500.00; he allowed the business a P20.00 discount.

21. Bought Stationery in cash P150.00

25. Paid rates by cheque P300.00

26. Received a cheque for P230.00 from A.Kabo discount having been allowed P10.00