Question
The following transactions occurred during the month of October 2021. Date Transactions 1 Balance brought forward from last month: Cash RM 295; Bank RM 4,240.
The following transactions occurred during the month of October 2021.
Date | Transactions |
1 | Balance brought forward from last month: Cash RM 295; Bank RM 4,240. |
2 | Cash sales RM310. |
3 | Took RM 200 out of the cash register and paid it into the bank |
4 | Farid paid us by cheque RM194. |
5 | We paid for postage stamps in cash RM80. |
6 | Bought office equipment by cheque RM310. |
7 | We paid Roslan by cheque RM94. |
9 | Received business refund by cheque RM115. |
11 | Withdrew RM 150 from the bank for business use. |
12 | Paid wages in cash RM400. |
13 | Cash sales RM430. |
14 | Paid motor expenses by cheque RM81. |
16 | Jamal lent us RM1,500 in cash. |
20 | Kamarul paid us by cheque RM174. |
28 | We paid general expenses in cash RM35. |
30 | Paid insurance by cheque RM320. |
Required: Prepare a two-columns cash book for the month of October 2021. (20 Marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started