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Question 1 From the following particulars draw up a three-column cash book of Shilongo Trading Co. for the month of November, 2020: 1. Cash balance

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Question 1 From the following particulars draw up a three-column cash book of Shilongo Trading Co. for the month of November, 2020: 1. Cash balance (Cr) N$2,000; Bank balance N$40,000. 4. Cash sales N$3,700; Credit sales N$1,800 would be received at near future. 6. Paid Woremanbrock by cash N$500; Received cash by debtors N$1,800. 12. Paid to vendor by means of check worth N$2,700. 13. Paid Utility bills in cash N$250; Bought goods by EFT N$ 750. 19. Drew from Bank for office use N$160; Personal withdrawal of cash N$1,000. 20. Received EFT from Herero N$2,700 and deposited into the bank. 21. Received by EFT from Damara N$1,360; Discount N$140 (not deposited). 25. Cash sales N$2,100; Paid wages by bank N$1,500. 28. Deposited Shilongo's money into the bank. 29. Payment by EFT to Martin for N$175; Discount received N$25. 30. Damara's payment has been dishonoured and return by bank. Required Prepare a three-column cash book using the above transactions. [25 marks] Shilongo Cash Book For November 2020 Date Receipts Fol Discount Cash Bank Date Payments Fol Cash Discount Received Bank Bank allowed Balance

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