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Question 0) ) IT On 1st April 2020 Mr. Lee had a cash balance of $5,000 and a bank balance of $5,500 (Dr.). He recorded
Question 0) ) IT On 1st April 2020 Mr. Lee had a cash balance of $5,000 and a bank balance of $5,500 (Dr.). He recorded the following receipts and payments during April 2020: April 3 Cash sales 5700 6 Banked a cheque from Cherry who paid her balance due of $1,000, less 4% cash discount. 7 Paid Eddie, by cheque No 137, 5733. 10 Paid Keith's account of $890, by cheque No 138, less $10 cash discount 16 Cash $200 received from a customer , Jacky. 22 Paid Terry's account of S900, by cheque No 139, less 10% cash discount. 27 Cash withdrawn from the bank, $1,000, for business use. Required Prepare Mr. Lee's three-cohmn cash book for April 2020 and carry down the account balances to next month. (10 marks)
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