Arthur Mow had cash in hand 237 and a bank overdraft of 2,875 on 16 October. The
Question:
Arthur Mow had cash in hand £237 and a bank overdraft of £2,875 on 16 October.
The following transactions took place the following week:
Required
a) Prepare Arthur’s cash book for the week ended 23 October.
b) Post the entries in the cash book to the appropriate ledger accounts.
Transcribed Image Text:
17 October 18 October 19 October 19 October 19 October 20 October 22 October 23 October 23 October Cash sales £1,658. Paid £1,500 cash into the bank account. Withdrew cash £3,500 from bank to provide cash for wage payments. Paid wages by cash £3,562. Paid Foggerty £345 by cheque in settlement of £350 debt. Received cheques from: Briggs £657 in settlement of debt of £670 Nelson £812; cash discount allowed £13 Mandosa £65 in settlement of debt of £.68. Paid electricity bill £563 by cheque. Cash sales £2,319. Paid £2,500 cash into bank account.
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