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Question 3 The following transactions took place in the books of Mr. Haruna for the month of September 2021 Septemberl: Balance brought forward: Cash $30,000
Question 3 The following transactions took place in the books of Mr. Haruna for the month of September 2021 Septemberl: Balance brought forward: Cash $30,000 Bank $70,000. 2: Paid rent by cheque $20,000 4: Cash Sales $25,000 5: Took $30,000 out of the cash safe and paid it into the bank. 6: Bought fixtures and fittings by cheque $26,000. 7: Bought goods $19,000 by cheque. 9: He paid Bright in cash $11,000 10: He paid postage stamps in cash $5,000 11: Bought Office Equipment in cash $35,000 13: Withdrew $15,000 from the bank for business used 15: David paid him by cheque $22,500 17: Received rent from a tenant $18,000 cash 20: Timothy lent him by cheque $35,000 22: Credit Purchases of $ 25,000 from Abel. 23: Paid general Expenses in cash $12,000 24: He paid Abel his amount due by cheque. 25: Cash Sales $20,000 26: Paid wages by cheque $36,000 27: Withdrew $17,500 from the bank for the private use by the proprietor. 20: Paid insurance by cheque $10,500. Require: 3/7 a) Prepare a double column Cashbook for Mr. Haruna and balance off as at the end of September 2021 Major Topic: Cash Book Blooms Designation: CR Score 13 b) Using your own figures, demonstrate how contra entries occur Major Topic: Cash Book Blooms Designation: AP Score: 7 TOTAL SCORE: [20 MARKS}
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