On 1 August, the financial position of Sarah Bowler’s business was:

During August:
1 The three debtors settled their accounts by cheque subject to a cash discount of 3%
2 Sundry expenses of £32.80 were paid in cash 3 Arora was paid by cheque less a discount of 5%

4 The accounts of Hawkins and Clover were settled by cheque subject to a 4% discount 5 Rent of £190.00 was paid by cheque.
Construct the three-column cash book for the above data.

Transcribed Image Text:

Balance at bank Cash in hand Debtors: C Roberts J Bellwood P Shortland Stock Creditors: S Arora E Hawkins J Clover 190.67 (o/d) 54.50 475.00 125.00 84.00 210.00 94.00 105.00 256.00