Sven David had cash in hand £88 and a balance at bank £376 on 1 May.

The following transactions took place during May:

Required

a) Prepare Sven’s cash book for the period 1 May to 7 May.
b) Post the entries in the cash book to the appropriate ledger accounts.

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1 May 2 May 3 May 3 May 3 May 4 May 6 May 7 May 7 May Cheque received from Gholar £600; he has deducted £30 cash discount. Purchased goods for cash £308. Purchased goods for cash £613. Cash sales £845. Cheque received from Tempest £210; she has deducted £12 cash. discount Cheque received from Trevor £120; he has deducted £8 cash discount. Paid Breem £40 by cheque. Cash sales £466. Paid £250 cash into the bank account.