Question No 1 1 (a) Benjamin Ngaara started business on 1 August 2001 with a capital of $9500 which was paid into a business bank account. Transactions for the month of August 2001 were August 2 Purchased furniture and equipment and paid by cheque $2750. 4 Withdrew $200 cash from bank for business use. 6 Paid rent of premises in cash $150. 13 Received a cheque from Tanko Ltd for $75 which was paid into the bank. 18 Paid a cheque to Mary Jones in settlement of her account of $350 less 2% cash discount. 20 The cheque paid into the bank on 13 August was returned by the bank dishonoured. 31 Banked a cheque received from Jacob Smythe for $194 in full settlement of his account of $200. Write up Benjamin's three column cash book for August 2001. Balance the cash and bank columns and bring down the balances on 1 September 2001