Kitty Wilkinson records her weekly cash flow for her business. The below are her records for the month of May 2023 May Opening balances, overdrawn bank balance at the bank $11,890, Cash balance $2,300 May 2 Cash sales amounted to $25,690. May 5 Deposited cash in the bank, $25,000 May 6 Paid Purchases by cheque $10,470 May 7 Cashier with draws $2,000 cash from bank for business use. May 8 Owner withdraws cash from bank to pay his house rent $8,000. May 10 Debtor - M Kennedy paid with a cheque for $2,000 after he deducted a $500 cash discount to which he was entitled. May 15 Cash sales immediately deposited to the bank account $31,110. May 16 Payment to creditor -C Barry by cheque $9,900 in full settlement of amounts owing to him of $10,500. May 19 Purchases paid by the business' debit card $12,000. May 23 Cash sales $6,840 May 25 Wages paid in cash $5,400. May 29 Paid creditor - B Goode $3,400 by cheque May 30 Received $3,000, cheque from J Jacobs settling amounts owed Required: a) Record the above transactions in the Three Column Cash Book of Kitty Wilkinson. Balance the cash book and bring down the balances Kindly use the format below. Please to set it out like this thank you. This is urgent

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kitty Wilkinson records her weekly cash flow for her business. The below are her records for the month of May 2023 May 1
Opening balances, overdrawn bank balance at the bank $11,890, Cash balance $2,300 May 2 Cash sales amounted to
$25,690. May 5 Deposited cash in the bank, $25,000 May 6 Paid Purchases by cheque $10,470 May 7 Cashier with draws
$2,000 cash from bank for business use. May 8 Owner withdraws cash from bank to pay his house rent $8,000. May 10
Debtor - M Kennedy paid with a cheque for $2,000 after he deducted a $500 cash discount to which he was entitled.
May 15 Cash sales immediately deposited to the bank account $31,110. May 16 Payment to creditor -C Barry by cheque
$9,900 in full settlement of amounts owing to him of $10,500. May 19 Purchases paid by the business' debit card $12,000.
May 23 Cash sales $6,840 May 25 Wages paid in cash $5,400. May 29 Paid creditor - B Goode $3,400 by cheque May 30
Received $3,000, cheque from J Jacobs settling amounts owed Required: a) Record the above transactions in the Three
Column Cash Book of Kitty Wilkinson. Balance the cash book and bring down the balances Kindly use the format below.
Please to set it out like this thank you. This is urgent
Transcribed Image Text:Kitty Wilkinson records her weekly cash flow for her business. The below are her records for the month of May 2023 May 1 Opening balances, overdrawn bank balance at the bank $11,890, Cash balance $2,300 May 2 Cash sales amounted to $25,690. May 5 Deposited cash in the bank, $25,000 May 6 Paid Purchases by cheque $10,470 May 7 Cashier with draws $2,000 cash from bank for business use. May 8 Owner withdraws cash from bank to pay his house rent $8,000. May 10 Debtor - M Kennedy paid with a cheque for $2,000 after he deducted a $500 cash discount to which he was entitled. May 15 Cash sales immediately deposited to the bank account $31,110. May 16 Payment to creditor -C Barry by cheque $9,900 in full settlement of amounts owing to him of $10,500. May 19 Purchases paid by the business' debit card $12,000. May 23 Cash sales $6,840 May 25 Wages paid in cash $5,400. May 29 Paid creditor - B Goode $3,400 by cheque May 30 Received $3,000, cheque from J Jacobs settling amounts owed Required: a) Record the above transactions in the Three Column Cash Book of Kitty Wilkinson. Balance the cash book and bring down the balances Kindly use the format below. Please to set it out like this thank you. This is urgent
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