1 Rahat is a trader. The following transactions took place in March 2021. March 3 Cash sales, $580, were paid directly into Rahat's business bank account 6 Paid insurance, $360, by direct debit Paid $196 to GH Limited by telephone transfer, having deducted 2% cash discount from the amount due 13 Paid $75 cash for stationery 17 Cash sales, $140 27 Sold old office equipment to Burgess, who paid $50 by cheque in full settloment 30 Paid $340 to Colin by cheque in full settlement of a debt of $350 REQUIRED (a) Complete Rahat's cash book on the page opposite. Balance the cash book and bring down the balances on 1 April 2021.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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12:25 Y Y AN •
l 78%
This document has 24 pages. Any blank pages are indicated.
DC (LO) 213850
O UCLES 2021
[Turn over
1
Rahat is a trader.
The following transactions took place in March 2021.
March
3
Cash sales, $580, were paid directly into Rahat's business bank account
Paid insurance, $360, by direct debit
Paid $196 to GH Limited by telephone transfer, having deducted 2% cash
discount from the amount due
13
Paid $75 cash for stationery
17
Cash sales, $140
27
Sold old office equipment to Burgess, who paid $50 by cheque in full settlement
30
Paid $340 to Colin by cheque in full settlement of a debt of $350
REQUIRED
(a) Complete Rahat's c
Balance the cash book and bring down the balances on 1 April 2021.
s cash book on the page opposite.
e UCLES 2021
7707/21/MJ/21
3
II
Transcribed Image Text:12:25 Y Y AN • l 78% This document has 24 pages. Any blank pages are indicated. DC (LO) 213850 O UCLES 2021 [Turn over 1 Rahat is a trader. The following transactions took place in March 2021. March 3 Cash sales, $580, were paid directly into Rahat's business bank account Paid insurance, $360, by direct debit Paid $196 to GH Limited by telephone transfer, having deducted 2% cash discount from the amount due 13 Paid $75 cash for stationery 17 Cash sales, $140 27 Sold old office equipment to Burgess, who paid $50 by cheque in full settlement 30 Paid $340 to Colin by cheque in full settlement of a debt of $350 REQUIRED (a) Complete Rahat's c Balance the cash book and bring down the balances on 1 April 2021. s cash book on the page opposite. e UCLES 2021 7707/21/MJ/21 3 II
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