Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 3 Record the following transactions for April 2021 in a three column Cash Book April 01 Balance bids cash GH 1,500, bank overdraft GH
QUESTION 3 Record the following transactions for April 2021 in a three column Cash Book April 01 Balance bids cash GH 1,500, bank overdraft GH 4,000. April 03 Received a cheque of GH 6.000, lexo 2.5% cash dincount from Akun being full settlement of her debt. April 08 Cash sales GH 5.000 April 12 Paid Owusu a cheque of GH 3,000; less 25% trade discount for youds purchased in the previous month. April 18 Received a cheque from Antw for yoods sold at GHe 1,000 deducting 2% cash discount April 22 Paid by cheque the amount due to Adwoa for the debt of GH62,000 being allowed 3% cash discount. April 29 Paid salaries by cheque GHe 800 April 30 Banked all the cash except for GH1.000 10 marks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started