At $31$ May $2000$ Brian Giggs, a sole trader, had a cash balance of RM$243$ and a balance at bank of RM$435$ overdrawn. Amounts paid and received during June $2000$ were as follows: 

 

$01-$Jun

$02-$Jun

$04-$Jun

$05-$Jun

$07-$Jun

$08-$Jun

$10-$Jun

$11-$Jun

$13-$Jun

$14-$Jun

$17-$Jun

$20-$Jun

$22-$Jun

$25-$Jun

$29-$Jun

Paid telephone bill RM$174,$ cheque number $1076.$

Paid L Bates RM$273$ cheque number $1077.$ This was after the deduction of $2(1)/(2)\%$ cash discount.

Withdrew from bank for office cash RM$200.$

Received cheque for RM$3,520$ from S Jones in full settlement of his outstanding balance of RM$3,600.$

Paid for postage in cash RM$83.$

Cash sales RM$3,200,$ RM$2,000$ was banked the same day.

Paid wages RM$3,400,$ cheque number $1078.$

Cheque number $1079$ RM$500$ for private use.

Paid travelling expenses RM$78$ in cash.

Sold office desk RM$250$ cash, banked the same day.

Cash sales RM$8,600,$ banked the same day.

Cheque banked from B Lions for RM$870$ in full settlement of his outstanding balance of RM$910.$

Paid for delivery vehicle for RMS cheque number $1080.$

Paid for sundry items in cash RM$26.$

Paid S Banks RM$388$ cheque number $1081.$ This was after deduction of $3\%$ cash discount.

 

 

Required

Prepare for Brian Giggs:

$($a$)$ A $3-$column Cash Book for June $2000$ showing the balance brought down at $1$ July $2000.$

$($b$)$ The Discount Allowed and Discount Received Ledger Accounts for June $2000.$

Answer rating: 100% (QA)

a Cash Book for Brian Giggs for June 2000 Date Particulars Cash Bank Balance bd 2430 ... View the full answer