Write up a three-column Cash Book for Kevin Davis for the month of 2020 August from the following transactions: August 1 Balances brought down Bank Overdraft $15 000 and Cash $14 200. 2 Bought printing and postage materials $1 500 by cash 3 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 cheque 15 Paid for Insurance $2 900 by cash 18 Sold goods $8 000 by cash 23 Received commission $6 500 by cheque 27 Paid salaries $10 000 by cheque B. Post the relevant discount accounts in the General Ledger.
Write up a three-column
the following transactions:
August
1 Balances brought down Bank Overdraft $15 000 and Cash $14 200.
2 Bought printing and postage materials $1 500 by cash
3 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 cheque
15 Paid for Insurance $2 900 by cash
18 Sold goods $8 000 by cash
23 Received commission $6 500 by cheque
27 Paid salaries $10 000 by cheque
B. Post the relevant discount accounts in the General Ledger.
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