(a) Record the following transactions in the Three-Column Cash Book of General Store. 2013 March 1 Cash balance 145 Bank balance 860 4 Paid Lin & Co $450 cheque Received $10 discount 7 Paid sundry...


(a)<br>Record the following transactions in the Three-Column Cash Book of General Store.<br>2013<br>March 1<br>Cash balance<br>145<br>Bank balance<br>860<br>4<br>Paid Lin & Co $450 cheque<br>Received $10 discount<br>7<br>Paid sundry expenses in cash<br>70<br>Withdrew cash from bank for business use<br>100<br>12<br>Bought goods for cash<br>150<br>Received $110 cheque from Huangan, having allowed him a<br>17<br>discount of $20<br>Cash sales<br>Withdrew money from office cash for own use<br>He & Co. paid its account by cheque $200<br>less 10% cash discount<br>25<br>90<br>28<br>50<br>29<br>30<br>Paid Malacca Traders by cheque $245 in full settlement of account<br>for $250<br>31<br>Banked in all cash<br>(a)<br>Prepare Cash Book<br>( 15marks)<br>

Extracted text: (a) Record the following transactions in the Three-Column Cash Book of General Store. 2013 March 1 Cash balance 145 Bank balance 860 4 Paid Lin & Co $450 cheque Received $10 discount 7 Paid sundry expenses in cash 70 Withdrew cash from bank for business use 100 12 Bought goods for cash 150 Received $110 cheque from Huangan, having allowed him a 17 discount of $20 Cash sales Withdrew money from office cash for own use He & Co. paid its account by cheque $200 less 10% cash discount 25 90 28 50 29 30 Paid Malacca Traders by cheque $245 in full settlement of account for $250 31 Banked in all cash (a) Prepare Cash Book ( 15marks)

Jun 02, 2022
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