Making of Simple Cash Book (Single Column Cash Book ) Mr. M starts business with Rs. 20,000 on 1st April 2012. Of this he pays Rs. 15000 into his bank account. His cash transactions during the week were: April 1 Purchased stationery for cash Rs. 100 April 2 Purchased goods for cash Rs. 2500 April 2 Cash Sales Rs.1500 April 3 Received from J Brown Cash on account Rs. 1000 April 4 Paid to J. R Cash Rs. 2200 April 5 Paid for Advertisement Rs. 400 April 6 Cash Sales Rs. 1800 April 6 Purchased old machinery Rs. 800 April 6 Purchase from sham on credit Rs. 6000

Making of Simple Cash Book (Single Column Cash Book ) Mr. M starts business with Rs. 20,000 on 1st April 2012. Of this he pays Rs. 15000 into his bank account. His cash transactions during the week were: April 1 Purchased stationery for cash Rs. 100 April 2 Purchased goods for cash Rs. 2500 April 2 Cash Sales Rs.1500 April 3 Received from J Brown Cash on account Rs. 1000 April 4 Paid to J. R Cash Rs. 2200 April 5 Paid for Advertisement Rs. 400 April 6 Cash Sales Rs. 1800 April 6 Purchased old machinery Rs. 800 April 6 Purchase from sham on credit Rs. 6000

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter10: Accounting For Sales And Cash Receipts

Section10.3: Accounting For Cash And Credit Card Sales

Problem 1OYO

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Mr. M starts business with Rs. 20,000 on 1st April 2012. Of this he pays Rs. 15000 into his bank account. His cash transactions during the week were: April 1 Purchased stationery for cash Rs. 100 April 2 Purchased goods for cash Rs. 2500 April 2 Cash Sales Rs.1500 April 3 Received from J Brown Cash on account Rs. 1000 April 4 Paid to J. R Cash Rs. 2200 April 5 Paid for Advertisement Rs. 400 April 6 Cash Sales Rs. 1800 April 6 Purchased old machinery Rs. 800 April 6 Purchase from sham on credit Rs. 6000 Make out a single column cash book .
Write up a three-column Cash Book for Kevin Davis for the month of 2020 August from the following transactions: August1 Balances brought down Bank Overdraft $15 000 and Cash $14 200.2 Bought printing and postage materials $1 500 by cash3 Sold goods $13 500 by cheques.4 Received Rates $3 500 in cash.5 Paid the following their accounts by cheque receiving a 5% discount: K. Allen $4 000, S. Chin $6 000 G Owen $5 500.8 The following paid us their account by cheque, being allowed a 5% discount S Brown $6 000, U Bell $3 500 and A Paul $4 500.10 Bought Furniture $5 600 by cheque15 Paid for Insurance $2 900 by cash18 Sold goods $8 000 by cash23 Received commission $6 500 by cheque27 Paid salaries $10 000 by chequeB. Post the relevant discount accounts in the General Ledger.
2017 Jan.1 Deposited cash Rs. 500 to business bank account. Jan.7 Purchased office furniture for cash Rs. 700; cash sales Rs. 2,000. Jan.9 Received from Mr. Shabir a cheque for Rs. 2,550 in part payment of his account and not. Make double column cash book.
QI AL- Kauther Company deposits all receipts and makes all payments by check. The following information is available from the cash records. 1- The bank statement for August 2014 shows an ending balance of $ 3490. 2- On August 31 the bank statement shows charges of $35 for the service charge for maintaining the checking account. 3- On August 28 the bank statement shows a return item of $ 100 plus a related bank fee of 10$. The return item is a customer's check that was returned because of insufficient funds. The check was also marked "do not redeposit." 4- The bank statement shows a charge of $80 for check printing on August 20. 5- The bank statement shows that $8 was added to the checking account on August 31 for interest earned by the company during the month of August. 6- The bank statement shows that a note receivable of $1,000 was collected by the bank on August 29 and was deposited into the company's account. On the same day, the bank withdrew $40 from the company's account as a…
Enter the following transactions in a three column cash book. 2009 Rs. January 1 Cash in hand 410Balance at bank 8,9202 Cash sales 4,5003 Paid into bank 4,0005 Purchased stationary 1008 Paid Mahesh by cheque 280Discount received 2012 Gave a cheque for cash purchases 1,50015 Drew for personal use 50020 Drew from bank 1,00021 Paid wages 80031 Bank charges as per pass book 10
Jessie has a cash account per general ledger that shows a balance of $78,659 atOctober 31, 2021. Bank statement from Ocean Paradise Bank on that dateshows the following date shows the following balance. 31 October Amount $88,080 Comparison of checking account details with cash account details reveals factsas follows.1. A note receivable of $13,070 was invoiced by the bank for Jessie on the 14thOctober plus $713 interest and the bank has charged $137 on the billing. No interest has been recognized on these notes.2. Check No. 175 the amount of $5,741 was entered in the cash journal as $5,471and Check No. 189 of $2,040 was entered in the cash journal as$2,400. Both checks have been issued to pay for the purchase of supplies.3. The bank has charged Jessie account. for customer unbilled checks amounting to $789 on October 23. 4. Deposit in progress is $7,388 and outstanding check no. 123 on October 28totaling $5,309.5. There was a canceled check issued by Kenny to Leo for $2,079 that was…
Short Case 1 On October 1, 2012, Al Zahra Trading Co. established a petty cash fund for OMR 175 and a cheque is written for the same amount and made out to Ms. Fatma, the petty cash custodian. At the end of each month the fund is to be replenished. At the end of the month, Fatma has the receipts for the following: Office supplies OMR 60 Delivery expenses OMR 50 Postage OMR 20 Entertainment OMR 30 Required: Write relevant journal entries.
The following is a summary of Yara Cafe's petty cash transactions for a week: Income RM Opening balance 600 Sale o=f stamps 20 Sale of paper 60 Expenditure RM Travelling expenses 200 Subsistence expenses 180 Petty cash is maintained using the imprest system. What sum should be reclaimed by the cashier at the end of the week? Select one: A. RM380 B. RM300 C. RM600 D. RM200
CASH BOOK Record the following transactions of Keshab in the cash book. Keshab has an overdraft arrangement with the bank subject to a maximum limit of Rs.50,000. 2014 5- Dec 1, cash balance brought forward Rs.1,26,000. 1. Bank overdraft brought forward Rs.3,600. 1. Advanced to petty cash by cheque Rs.5,000. 2. Received from Taseen a cheque for Rs.5,800 for goods sold in November, 2014. Allowed him discount Rs.200. Deposit the cheque in bank the same day. 3. Received from Tanmay Rs.8,000. The amount was written-off as bad debt cost year. 4. Paid cash into bank Rs.2,000. 5. Discounted the bill of Rs.1,600 for Rs.1,500. 10. Paid freight and insurance on consignment Rs.2,500. 11. Tamal gave a cheque in settlement of his account of Rs.40,000 subject to 5% cash discount. Tamal avail the discount period, The cheque is deposited in bank. 12. Paid Abir by cheque Rs.1,750, the balance of his account less Rs.50 discount. 17. Drew cheque for office cash Rs.2,000. 18. Purchased an office desk by…
Prepare a cash payments journal and then record the following cash payments transactions. July 5 Issued Check No. 910 to Kam Corp. to buy store supplies for $500. 13 Issued Check No. 911 for $4,000 to pay off a note payable to China Bank. 24 Issued Check No. 912 to Lim to pay the amount due from a July 16 purchase less the discount of $20. It purchased merchandise for $1,000 on credit from Lim, terms 2/10, n/30. 29 Paid salary of $700 to B. Tung by issuing Check No. 913.
Jo Jo has business called, "Jo Jo's Clown Supplies." The following cash transactions happened in the month of December. Jo Jo had a December 31 cash balance of $19,940. b 5 7 B 9 Cash Receipts Date Deposit 12/1 12/4 12/9 12/14 12/17 12/22 12/31 0 01 02 03 400 4270 610 630 2280 1500 1950 Cash Payments Check No. Amount 1416 1417 1418 1419 1420 1421 1422 The 1st Federal Bank Sent Jo Jo the following statement for December: Beginning Balance: Deposits Checks 1-Dec 5-Dec 10-Dec 15-Dec 18-Dec 22-Dec 760 30 550 1390 1340 800 530 8-Dec 11-Dec 19-Dec 22-Dec 29-Dec 31-Dec 31-Dec NSF NSF SC 1416 04 05 06 07 08 09 10 11 Please prepare a Bank Reconcilliation for Jo Jo's Circus. 112 1417 1418 1419 400 4270 610 630 2280 1500 900 760 500 30 550 1390 50 Ending Balance: NSF = Non-sufficient Funds Checks were received from a client. SCA Bank service charge. 13,700 9690 4180 19,210 +
Write up two-column cash book from the following details, and balance off as at the end of the month 2022 JUNE 01 Balance Brought forward from last month: Cash $105, Bank $2164 2 Cash sales $605 3 took $ 500 out of the cash till and paid it into the bank 4 J Matthews paid us by cheque $ 217 5 We paid for postage stamps in cash $ 60 6 Bought office equipemtn by cheque $ 72 7 We paid J Lucas by cheque $ 50 9 Received rates refunds by cheques $ 72 11 Withdrew $ 250 from the bank for business use 12 Paid wages in cash $239 14 Paid motor expenses by cheques $ 57 16 L Levy lent us $200 in cash 20 R Norman paid us by cheque $ 112 28 We paid general expenses in cash $ 22 30 Paid insurance by cheque $74.