REVISION FA CASH BOOK QUESTION 1 A three-column cashbook is required fro the following month from the following transactions. The cashbook should be balanced off at the end of the month and the totals should be transferred to the relevant discount accounts in the general ledger. 2100 October 1 Balances brought forward Cash 00, Bank (2) October 3 Paid credites by cheque. G Deston 700 L Lewis 10 hele discmant) and received a 5% discou October 5 Cash sales 720 October 9 Paid 1000 cash bank account October 13 Received cheques from suppliers for account R. More 540, 1. Weber 990 and C With C, in each case ang 2.9% discount October 19Cash purchase 40 October 20Paid sent by cheque 560 October 22 Received choque of 1900 from Kasim in settlement of sales wor 950 October 2Cash withdrawn bank for permal October 2d D Deyle by cheque for 850 in settlement of 950 accent balance October 10Received common by cheque DEPRECIATION QUESTION 1 A firm buys equipment on 1 July 20X3 for 6,500. The equipment is to be depreciated on a monthly basis at 20% on cost. On 31 December 20X5 the equipment is sold for 2,700 cash. Show the provision for depreciation on equipment account for 20X3, 20X4 and 20X5. 2. Show the equipment disposal account as at 31 December 20X5 QUESTION 2 A company depreciates its machinery at the rate of 10% per annum using the reducing balance method. A machine is sold on 30 June 20X7 for 900 which had originally been purchased for 5,000 on 1 January 20X4. No depreciation is to be provided for in the year of sale. 1. Show the provision for depreciation on machinery account for 20X4 to 20X7. Show the asset disposal account to record the sale of the machinery Show the entry in the profit and loss account for 20X7.