Write up a two-column cash book for a pine furniture shop from the following details, and balance
Question:
Write up a two-column cash book for a pine furniture shop from the following details, and balance it off as at the end of the month: 2012 May
Transcribed Image Text:
1 Started in business with capital in cash 5,000. 2 Paid rent by cash 500. 3 G. Broad lent us 6,000, paid by cheque. 4 We paid J. Fine by cheque 900. Cash sales 400. 5 7 F. Love paid us by cheque 100. 9 We paid A. Moore in cash 150. 11 Cash sales paid direct into the bank 300. 15 P. Hood paid us in cash 350. 16 We took 2,000 out of the cash till and paid it into the bank account. 19 We repaid R. Onions 1,000 by cheque. 22 Cash sales paid direct into the bank 600. 26 Paid motor expenses by cheque 230. 30 Withdrew 160 cash from the bank for business use. 31 Paid wages in cash 420.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ann Wangechi
hey, there, paying attention to detail is one of my strong points, i do my very best combined with passion. i enjoy researching since the net is one of my favorite places to be and to learn. i am a proficient and versatile blog, article academic and research writing i possess excellent English writing skills, great proof-reading. i am a good communicator and always provide feedback in real time. i'm experienced in the writing field, competent in computing, essays, accounting and research work and also as a Database and Systems Administrator
4.90+
151+ Reviews
291+ Question Solved
Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
Question Posted:
Students also viewed these Business questions
-
On January 1, 2024, Cullumber Ltd. issued $575,000 of 5%, 5-year bonds. The bonds were issued to yield a market interest rate of 6%. Cullumber's year end is December 31. On January 1, 2026,...
-
Write up a two-column cash book for a pine furniture shop from the following details, and balance it off as at the end of the month: 20X8 May "1 "1 "1 "1 "1 "1 11 "1 "1 "1 2 3 Started in business...
-
A campus network is connected to the Internet via an access link with 100 Mb/s upload rate and practically unlimited download rate. Sixty percent of the access link bandwidth is used to access the...
-
Using the following information, determine the activity rate for the quality inspections activity. Budgeted Activity Cost Pool Activity Setups Estimated Activity Base 1,000 $60,000 Purchase orders...
-
The net force exerted on a particle acts in the + x direction. Its magnitude increases linearly from zero at x = 0, to 24.0 N at x = 3.0m. It remains constant at 24.0 N from x = 3.0m to x =8.0m, and...
-
For each of the following, compute the present value: Interest Rate Present Value Future Value $ 16,832 Years 13 4 29 9% 48,318 886,073 13 21 40 550,164
-
An investment is guaranteed to have a unique value of IRR if which of the following is true? a. Alternating positive and negative cash flows b. An initial negative cash flow followed by all positive...
-
The National Oceanic Research Institute is planning a research study on global warming in Antarctica. The 16-month network schedule is presented below. It is followed by budgets for each activity....
-
When switch S is thrown to the left in figure, the plates of capacitor 1 acquire a potential differenceVo. Capacitors 2 and 3 are initially uncharged. The switch is now thrown to the right What are...
-
Write up a two-column cash book for a second-hand bookshop from the following: 2013 Nov 1 Balance brought forward from last month: Cash 295; Bank 4,240. 2 Cash sales 310. 3 Took 200 out of the cash...
-
Write up the accounts to record the following transactions: 2010 March 1 Started business with 750 cash and 9,000 in the bank. 2 Received a loan of 2,000 from B. Blane by cheque. 3 Bought a computer...
-
Determine the structure of this compound from its IR and 13C-NMR spectra, its formula isC7H16O2: C,H1,0, 80- 60- %T 40 20- 0- 500 1000 1500 2000 2500 3500 3000 4000 Wavenumber (cm) C,H1602 All CH's...
-
is this a good class scanner reader that reads any kind of file. It will store your flight information into a 1D array of Flight? how would i pass the name of the file from the main so it correctly...
-
A mortar-style fireworks shell must be detonated at height of 100m. You want this to be at the top of its trajectory (highest point just before starting to fall). (a) What should the firework's...
-
Immigration Impacts 7. Suppose that after an influx of immigrants, labor supply in the market for low-skilled workers is now given by Es = 30w 180. Labor demand is still Ep = 300 10w. The government...
-
While Innovation is often said to be the primary source of creating brand equity and a sustainable competitive advantage, Prof Stephen Brown (2015) argues that each much-celebrated innovative brand...
-
student question Based on this TED TALK http://www.youtube.com/watch?v=h998dFSUH_k, writ.e a detailed response to the following: In the lecture on AI, we covered the concepts ofScale, Scope and...
-
The Guide Company requires additional cash for its business. Guide has decided to use its accounts receivable to raise the additional cash as follows: 1. On June 30, 2007, Guide assigned $200,000 of...
-
Why is inventory management important for merchandising and manufacturing firms and what are the main tradeoffs for firms in managing their inventory?
-
The financial year of The Better Trading Company ended on 30 November 20X7. You have been asked to prepare a Total Debtors Account and a Total Creditors Account in order to produce end-of-year...
-
The following extracts have been taken from the subsidiary books of the business owned by D Jenkinson for the month of April 20X0. It should be noted that the balances in the accounts of D Jenkinsons...
-
During the half year, debit balances in the sales ledger, amounting to 438, were transferred to the purchases ledger. Required: Prepare the sales ledger control account and the purchases ledger...
-
Fang's Tune-Up Shop Ltd. uses the accrual basis of accounting. Fang services a car on May 31. The customer picks up the vehicle on June 1 and mails payment to Fang on June 5. Fang receives the cheque...
-
How do materialized views enhance query performance and support complex analytics in data warehousing environments by precomputing and caching aggregated or derived data from underlying tables, and...
-
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses...
Study smarter with the SolutionInn App