b) Sofea Enterprise runs a retail business. All cash andcheque receipt and payment are recorded in the CashBook. The following transactions occurred during themonth of September 2021 and are yet to be recordedin the Cash Book:The debit balance in the Cash and Bank accounts are$2,000 and $17,000 respectively.3/9 Transfer cash $1,000 into the bank account.4/9 Purchased goods worth $3,600 by cheque.5/9 Paid Jamilah & Co. $5,000 by cheque for purchase of goods.6/9 The owner took $500 cash for his own use.8/9 Paid the shop rental $3,000 by cheque.10/9 Received a cheque from Ms. Angie amounting to $3,600 after deducting cashdiscount $400.15/9 Cash sales of $3,200.18/9 Issued $2,850 cheque to Seri Enterprise after deducting cash discount of 5%.20/9 Received $5,000 cheque from Faiz Enterprise.23/9 Cash sales banked the same day, $2,600.28/9 Paid wages to shop assistant by cheque, $1,200.REQUIRED:Prepare a Three-column Cash Book, balancing it at 30September 2021. Bring down the balances to 1 October2021.

Cash Book (Triple Coloum) The most thorough type of cash book has triple currency columns on both…

Answered: 28/9 Paid wages to shop assistant by…

28/9 Paid wages to shop assistant by cheque, $1,200. REQUIRED: Prepare a Three-column Cash Book, balancing it at 30 September 2021. Bring down the balances to 1 October 2021.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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