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QUESTION THREE From the following transactions of Lindi Hills for the month of November 2016, prepare the Cash Book- with cash and discount columns: 2016
QUESTION THREE From the following transactions of Lindi Hills for the month of November 2016, prepare the Cash Book- with cash and discount columns: 2016 November 1 Opening cash in hand K28,000 5 Fred Antony, a trade receivable, settled his account with us for K200, 000, Less 5% discount. 7 Paid T. Hudson K120, 000 in full settlement of his account of K135, 000. 10 Cash Sales K300, 000 . 15 Cash Purchases K180, 000. 18 Received from C. Coburn K150, 000 and allowed him discount of K12, 000. 25 Paid M. Marland K95, 000 and he allowed us discount of K8, 000. 30 Office Expenses paid K28, 000
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