D G 120 . B D E F G H Question 4 Clare runs a small business and maintains cash records through a three-column cash book The following represent entries for September 2020: Sept. 1: Balances b/fwd Cash 715; Bank 8,240 Sept 3: The following paid their accounts by bank transfer, in each case deducting 2.5% discount for early payments R Flynn D Downes 400 B Corrigan 80 (all figures are pre-discount) Sept 5: Clare obtained a 2,000 loan from Clyde Bank Ltd, pald directly into her bank account Sept 9: Clare paid the following accounts through her bank, deducting 5% discount F Bird 200 3 McGloin 600 w Davies 100 Sept 12: Paid petrol expenses 50 and purchased minor stationery items 30. Both paid in cash. Sept 17: M Daley settled her outstanding account of 80 by cheque for 78, after deducting 2 discount Sept 21: Paid assistant's wages in cash, 350 Sept 24: The following paid their accounts by bank transfer, in each case deducting 2.5% for early settlement J Bayne 160 W MacDonald 240 (again, amounts are pre-discount) Sept 27: Clare withdraws 400 from the bank for business use Sept 29: Clare takes 300 of cash for personal use Required: (a) Complete the three-column cash book, balancing off the cash and bank figures ( at 30 September (b) Enter the discount figures in the relevant accounts in the nominal (general) [ ledger. K L M N 0 P T Q R S Bank Cash 715 Date escriptio Discount Cash 05-Sep loan 2000 Date escriptio Discount 01-Sep 03-Sep R Flynn 3 D Downes 10 B Corrigan 2 05-Sep Bank 8240 117 390 78 2000 + ext Book Chpt 9 09.3 + RE n