Enter the following in the three-column cash book of an office supply shop. Balance off the cash book at the end of the month and show the discount accounts in the general ledger. 2017 June 1 Balances brought forward: Cash: RM420; Bank RM4,940 (credit). 2 The following paid their accounts by cheque, in each case deducting 5% cash discounts: S Braga RM820; L Pine RM320; G Hodd RM440; M Rae RM1,040. 3 Cash sales paid direct into the bank RM740. 5 Paid rent by cash RM340. 6 We paid the following accounts by cheque, in each case deducting a 2.5% cash discount: M Peters RM360; G Graham RM960; F Bell RM400. 8 Withdrew cash from the bank for business use RM400. 10 Cash sales RM1,260. 12 B Age paid us their account of RM280 by cheque less RM4 cash discount. 14 Paid wages by cash RM540. 16 We paid the following accounts by cheque: R Todd RM310 less cash discount RM15; F Dury RM412 less cash discount RM12. 20 Bought fixtures by cheque RM4,320. 24 Bought lorry paying by cheque RM14,300. 29 Received RM324 cheque from A Line. 30 Cash sales RM980. 30 Bought stationery paying by cash RM56.
Question 1:
Enter the following in the three-column
2017
|
June 1
|
Balances brought forward: Cash: RM420; Bank RM4,940 (credit). |
|
2 |
The following paid their accounts by cheque, in each case deducting 5% cash discounts: S Braga RM820; L Pine RM320; G Hodd RM440; M Rae RM1,040. |
|
3 |
Cash sales paid direct into the bank RM740. |
|
5 |
Paid rent by cash RM340. |
|
6
|
We paid the following accounts by cheque, in each case deducting a 2.5% cash discount: M Peters RM360; G Graham RM960; F Bell RM400. |
|
8 |
Withdrew cash from the bank for business use RM400. |
|
10 |
Cash sales RM1,260. |
|
12 |
B Age paid us their account of RM280 by cheque less RM4 cash discount. |
|
14 |
Paid wages by cash RM540. |
|
16 |
We paid the following accounts by cheque: R Todd RM310 less cash discount RM15; F Dury RM412 less cash discount RM12. |
|
20 |
Bought fixtures by cheque RM4,320. |
|
24 |
Bought lorry paying by cheque RM14,300. |
|
29 |
Received RM324 cheque from A Line. |
|
30 |
Cash sales RM980. |
|
30 |
Bought stationery paying by cash RM56. |
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