Task #3:

I need you to Write up a 3 Column Cash Book of the Transaction that was done with our company (November 2007)

November 1 Balance brought forward :

Cash in Hand : $100, 000

Cash at Bank : $95,000

November 2 Received Cash loan of $28,000 from Partners.

November 3 Bought goods of $59,000 by Check

November 4 Bought Motor Van paying by check $2,600

November 5 Cash Withdrawn from the bank $27,000

November 7 Paid Wages in Cash $18,000

November 8 Cash Drawings $14,000 from the Bank

November 10 Cash Sales paid directly into the bank $30,000

November 12 We paid the following Accounts by Check less 10% discount in each case:

Marshal: $3,000

Linda: $1,800

Theresa: $2,000

November 13 The following paid us their Accounts by check in each case deducting 2.5% Discount

Jerry : $1180

Martins: $550

November 15 Received a further Loan of $3,500

November 16 We paid Brandy his account of $700 by Check

November 18 Cash Sales $9,000

November 21 Paid Rent in Cash $1,900

November 23 Received Commission By Check $9,500

November 25 The following persons paid us their Accounts by check in each case Deducting 5% Discount:

Anthony: $800

David: $6,599

November 26 We paid the following Accounts paid by check in each case deducting 2% Discount

Joseph: $4000

Thompson: $1,900

November 28: Paid Insurance of $9,900

November 29: Linda paid us a Check for $2,500 having deducted $600 for cash discount.

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