Tutorial 3 A three-column cash book is to be written up from the following details and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Tutorial 3 A three-column cash book is to be written up from the following details and balanced off. 20X9 Jan 1 2 4 6 8 10 12 15 18 21 24 25 29 31 Balances brought forward: Cash RM2300; Bank RM47560. The following paid their accounts by cheque, in each case deducting 5% cash discounts: Willow RM1, 400; Sarah RM2, 200; Jessy RM3,000. Paid rent by cheque RM1,200. Clara lent us RM1,000 by cheque. We paid the following accounts by cheque in each case deducting 2.5% cash discounts: Bobby RM3, 600; Phillip RM4, 800; Ciara RM8, 000. Paid motor expenses in cash RM440. Hallen pays his account of RM770, by cheque RM740, deducting RM30 cash discount. Paid wages in cash RM1, 600. The following were paid in their accounts by cheque, in each case deducting 5% cash discount: Charlez RM2, 600; JJ company RM3, 400; Harris RM4, 600. Cash withdrawn from the bank RM3500 for business use. Cash drawings RM1,200. Paid Terry his account of RM1, 400, by cash RM1, 330 having deducted RM70 cash discount. Purchased furniture by paying RM6, 500 in cheque. Received commission by cheque RM880. Tutorial 3 A three-column cash book is to be written up from the following details and balanced off. 20X9 Jan 1 2 4 6 8 10 12 15 18 21 24 25 29 31 Balances brought forward: Cash RM2300; Bank RM47560. The following paid their accounts by cheque, in each case deducting 5% cash discounts: Willow RM1, 400; Sarah RM2, 200; Jessy RM3,000. Paid rent by cheque RM1,200. Clara lent us RM1,000 by cheque. We paid the following accounts by cheque in each case deducting 2.5% cash discounts: Bobby RM3, 600; Phillip RM4, 800; Ciara RM8, 000. Paid motor expenses in cash RM440. Hallen pays his account of RM770, by cheque RM740, deducting RM30 cash discount. Paid wages in cash RM1, 600. The following were paid in their accounts by cheque, in each case deducting 5% cash discount: Charlez RM2, 600; JJ company RM3, 400; Harris RM4, 600. Cash withdrawn from the bank RM3500 for business use. Cash drawings RM1,200. Paid Terry his account of RM1, 400, by cash RM1, 330 having deducted RM70 cash discount. Purchased furniture by paying RM6, 500 in cheque. Received commission by cheque RM880.
Expert Answer:
Answer rating: 100% (QA)
87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these finance questions
-
Prepare a three column cash book of XYX Itd from the details below. July 2019 July 1 Balance brough forward: cash shs. 6,200: Bank shs. 71,420 July 2 The following paid their account by cheque, in...
-
From the following information below extracted from the books of Nsokuronsuo, a sole trader, prepare a three column cash book, post the transactions to their respective ledgers and extract a trial...
-
A conservation organization released 100 animals of an endangered species into a game preserve. The preserve has a carrying capacity of 1000 animals. The growth of the pack is modeled by the logistic...
-
A research laboratory receives delivery of a new custom-made cylindrical thin-wall pressure vessel. The pressure vessel has inner radius R = 300 mm, and wall thickness t = 10 mm. The vessel is made...
-
1. Today, children are likely exposed to indecent language in various media far more often than they were in the 1970s, when the Federal Communications Commission first began to sanction indecent...
-
Lynn Dreise is the bookkeeper for Sanculi Company. Lynn has been trying to get the balance sheet of Sanculi Company to balance. Sanculis balance sheet is shown below. Instructions Prepare a correct...
-
Have you ever made a decision and later realized that you mistakenly let irrelevant factors affect your choice? Explain.
-
As of January 1, 2012, the trial balance for Haven Hospital was as follows: During the fiscal year ended December 31, 2012, the following transactions occurred: 1. Patient service revenue amounted to...
-
can you explain how i can find the solution tot his problem? 266. On December 31, 2012, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $53,600 and...
-
Karen Johnson, the accountant of Hoop Co. of Nelson, has appointed Jim Pool as the petty cash custodian. The following transactions occurred in November. 2019 Nov. 25 Cheque No. 441 was written and...
-
A school social worker observed that a child, who doesn't participate much in class, wears long-sleeve shirts, even when it's hot outside. When the social worker spoke to the child, he said, "My step...
-
NETWORK DEFENSE AND COUNTERMEASURES (PEARSON IT CYBERSECURITY CURRICULUM (ITCC)) http://download.cnet.com/ZoneAlarm-Free- Firewall/3000-10435_4-10039884.html www.firewallguide.com/freeware.htm...
-
What PR objective(s) do you think that Trader Joes expected to reach through this campaign? And why do you think so? (cue: please be aware of the differences between PR and advertising, journalism,...
-
i. A simply supported beam, 6 m long, carries a uniformly distributed load of 8kN/m along its entire length and a point load of 3 kN in its mid-span (Figure 1). If the beam is 300 mm deep and the...
-
Silas 4-Wheeler, Inc. has an ROE of 18.10 percent, equity multiplier of 1.60, and a profit margin of 18.25 percent.
-
Identify the sentence structure below: The investigative journalists created their survey questions, conducted some interviews, and reported their findings.
-
Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account $ 475,000 Raw materials...
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
Jim (age 50) and Martha (age 49) are married with three dependent children. They file a joint return for 2012. Their income from salaries totals $50,000, and they received $10,000 in taxable...
-
Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim on their 2012 income tax returns. Number of Exemptions a. Donna, a 20-year-old single...
-
Larry Gaines, age 42, sells his personal residence on November 12, 2012, for $144,000. He lived in the house for 7 years. The expenses of the sale are $10,500, and he has made capital improvements of...
-
Prepare a consolidated balance sheet from the following balance sheets of Pop Ltd and Son Ltd which were drawn up immediately after Pop Ltd had acquired the share capital of Son Ltd. Pop Balance...
-
Papa and Mamae Ltd buys 667/3 per cent of the shares in Son and Daughter Ltd. You are to draw up the consolidated balance sheet from the following balance sheets constructed immediately control had...
-
Immediately after Parental Times Ltd had acquired control of Offspring One Ltd and Offspring Two Ltd the following balance sheets were drawn up. You are to draw up a consolidated balance sheet....
Study smarter with the SolutionInn App