A 3-column cash book for a wholesaler is to be written up from the following details, balance off and the relevant discounts in the general ledger shown. 20x3 March 1 Balances brought forward: cash RM620; bank RM7,142. 2 The following paid their accounts by cheque, in each case deducting 5% cash discounts: Slick RM260; Fisher RM320; Told RM420 (all amounts are pre-discount). Paid rent by cheque RM430. 4 6 8 Black lent us RM5,000 paying by cheque. We paid the following accounts by cheque in each case deducting a 2.5% cash discounts: Whitney RM720; Green RM960; Flip RM1,600 (all amounts are pre-discount). Paid motor expenses in cash RM81. J Pie pays his account of RM90, by cheque RM88, deducting RM2 cash discount. 15 Paid wages in cash RM580. 10 12
A 3-column cash book for a wholesaler is to be written up from the following details, balance off and the relevant discounts in the general ledger shown. 20x3 March 1 Balances brought forward: cash RM620; bank RM7,142. 2 The following paid their accounts by cheque, in each case deducting 5% cash discounts: Slick RM260; Fisher RM320; Told RM420 (all amounts are pre-discount). Paid rent by cheque RM430. 4 6 8 Black lent us RM5,000 paying by cheque. We paid the following accounts by cheque in each case deducting a 2.5% cash discounts: Whitney RM720; Green RM960; Flip RM1,600 (all amounts are pre-discount). Paid motor expenses in cash RM81. J Pie pays his account of RM90, by cheque RM88, deducting RM2 cash discount. 15 Paid wages in cash RM580. 10 12
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vikrambahi
Transcribed Image Text:3. A 3-column cash book for a wholesaler is to be written up from the following details,
balance off and the relevant discounts in the general ledger shown.
20x3
March
1 Balances brought forward: cash RM620; bank RM7,142.
2
4
6
8
The following paid their accounts by cheque, in each case deducting 5%
cash discounts: Slick RM260; Fisher RM320; Told RM420 (all amounts are
pre-discount).
Paid rent by cheque RM430.
Black lent us RM5,000 paying by cheque.
We paid the following accounts by cheque in each case deducting a 2.5%
cash discounts: Whitney RM720; Green RM960; Flip RM1,600 (all amounts
are pre-discount).
10
Paid motor expenses in cash RM81.
12 J Pie pays his account of RM90, by cheque RM88, deducting RM2 cash
discount.
15 Paid wages in cash RM580.
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