The following balances were extracted from the books of Apex Universal, a wholesaler, on 1 November 2014.

Trade payables give a cash discount of 5 percent if accounts are settled within 30 days.

Apex Universal gives a cash discount of 2 percent to its credit customers who settle their accounts within 30 days. During November 2014, the following transactions occurred.

Prepare the business's three-column cash book for November 2014. Total the discount columns on this date. Post the totals of the discount columns to the discount accounts in the general ledger.

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Cash in hand 2 190 Cash at bank 7 330 Trade payables: TM Davis 1 600 Ryan & Co 2 300 Trade receivables: Fray Ltd 900 VK Watson 650 %24