Question
Question Three The following details were obtained from the books of Al Bundy for the month of June 2020 table[[June,],[1,Balance b/d Cash 20,500 , Bank
Question Three\ The following details were obtained from the books of
Al
Bundy for the month of June 2020\ \\\\table[[June,],[1,Balance b/d Cash 20,500 , Bank Overdraft 45,000],[2,Sold goods
$80,000
by cheque 912775],[3,Paid cash
$8,000
for Office Supplies],[5,Sold goods
$60,000
on credit to Felix on terms
10(%)/(5)
, net 30],[6,Received
$95,000
by cheque 32250 from Makeba],[7,Received Commission
$40,000
by cheque 770501],[8,Paid Insurance
$12,000
by cheque 480106],[9,Received payment in full settlement from Felix by cheque 525123],[10,Transfer
$20,000
cash from bank for business use],[13,Purchased goods
$35,000
by cheque 480107],[18,The following paid their accounts by cheque being allowed a
10%
discount],[,Roberto
$80,000
cheque 332100],[,Gustav
$40,000
cheque 728561],[20,Purchased stationery
$15000
by cash],[21,Write off the balance of
$12,000
from the books Segal as a bad debt],[22,Sold goods
$40,000
by cheque 586638],[23,Paid the following their accounts by cheque receiving a
5%
discount],[,Shelly
$30,000
cheque 480108],[,Elaine
$60,000
cheque 480109],[25,Paid Wages
$120,000
by cheque 480110],[28,Owner took goods
$30,000
and
$20,000
by cheque 480111 for personal use]]\ Al Bundy's Bank Statement for the month of June was as follows\ \\\\table[[Date,Details,Dr,Cr,Bal],[1-Jun,Bal b/d,,,
-45,000
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