1 answer

Hi can help me to solve it ? 9.4A Enter the following in the three-column cash...

Question:

9.4A Enter the following in the three-column cash book of an office supply shop. Balance-off the cash book at the end of the

24 Bought lorry paying by cheque £14,300. 29 Received £324 cheque from A. Line. 30 Cash sales £980. 30 Bought stationery payi

hi can help me to solve it ?

9.4A 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. June 1 Balances brought forward: Cash £420; Bank £4,940. 2 The following paid us by cheque, in each case deducting a 5 per cent cash discount: S. Braga £820; L. Pine £320; G. Hodd £440; M. Rae £1,040. 3 Cash sales paid direct into the bank £740. 5 Paid rent by cash £340. 6 We paid the following accounts by cheque, in each case deducting 2', per cent cash discount: M. Peters £360; G. Graham £960; F. Bell £400. 8 Withdrew cash from the bank for business use £400. 10 Cash sales £1,260. 12 B. Age paid us their account of £280 less £4 cash discount, by cheque. 14 Paid wages by cash £540. 16 We paid the following accounts by cheque: R. Todd £310 less cash dis- count £15; F. Dury £412 less cash discount £12. 20 Bought fixtures by cheque £4,320. 125
24 Bought lorry paying by cheque £14,300. 29 Received £324 cheque from A. Line. 30 Cash sales £980. 30 Bought stationery paying by cash £56. end en

Answers

Three column Cash book
Date Particulars Voucher Number Posting Number Discount Cash Bank Date Particulars Voucher Number Posting Number Discount Cash Bank
1-Jun To Bal b/d 420 4940 5-Jun Rent 340
2-Jun S Braga 820*5% = 41 820-41 = 779 6-Jun M. Peters 360*2.5% = 9 360-9 = 351
L Pine 320*5%= 16 320-16 = 304 G Graham 960*2.5% = 24 960-24 = 936
Hodd 440*5% = 22 440-22 = 418 F Bell 400*2.5% = 10 400-10 = 390
M Rae 1040*5% = 52 1040-52 = 988 8-Jun Cash C 400
3-Jun Sales 740 14-Jun Wages expense 540
8-Jun Bank C 400 16-Jun R Todd 15 (given) 295
10-Jun Sales 1260 F Durry 12 (given) 400
12-Jun B. Age 4 (given) 276 20-Jun Fixtures a/c 4320
29-Jun A Line 324 24-Jun Lorry 14300
30-Jun Sales 980 30-Jun Stationery expenses 56
30-Jun To Bal c/d 12623 30-Jun By Balance c/d 2124
TOTAL 135 3060 21392 308016 TOTAL 70 3060 21392
1-Jul To Bal b/d 1704 1-Jul By Bal b/d 12623
Discount Received
30-Jun

Balance c/d or Profit

and Loss account

(Trfd)

70 6-Jun M. Peters 9
G Graham 24
F Bell 10
16-Jun R Todd 15
F Durry 12
TOTAL 70 TOTAL 70
Discount Allowed
2-Jun S Braga 41 30-Jun By Balance c/d or Profit and Loss account (Trfd) 135
L Pine 16
Hodd 22
M Rae 52
12-Jun B. Age 4
TOTAL 135 TOTAL 135
.

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