Question 2: On 1 July year 7, the debit balances in the cash book of Rahman were: Cash RM 4,190 Bank RM36,850 His transactions for the month of July were: 2 July 4 July 6 July 7 July 8 July 11 July 12 July 13 July 20 July 21 July The following paid their accounts by cheque, in each case deducting 5% cash discounts: Gobi RM2,000; Fatimah RM3,200; Gan RM4,500 (all amounts are pre-discount) Paid rent by cheque RM7,000. Received cheque from Wong's loan RM10,000 We paid the following accounts by cheque in each case deducting a 2% cash discount: Wanda RM700; Ganesh RM500; Yan RM600 Paid motor running expenses in cash RM600. The following paid their accounts by cheque, in each case deducting 5% cash discount: Piravin RM5,400, Kent RM6,000; Syarikat Aziz RM4,000 (all amounts are pre-discount). Paid RM200 in cash for postage stamps Cash drawings RM500. Paid Weng Kit in cash RM200. Paid Jason RM1,000 by cheque in full settlement of his account of RM1,051. Paid wages in cash RM1,500. Received RM650 cash from Pandan Sdn.Bhd. in full settlement of his account of RM3,250, the balance settled by transferred into bank the same day. Cash withdrawn from the bank RM4000 for business use. Paid wages in cash RM1,000 Cash sales RM1,200. Paid RM500 cash into bank Received commission by cheque RM2,000 23 July 25 July 27 July 28 July 30 July 31 July 31 July Required: Prepare the three-column cash book for the month of July year 7 and balance it at 31 July, bringing the balances down at 1 August. (Total 40 marks)