From the following information below extracted from the books of Nsokuronsuo, a sole trader, prepare a...

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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 balance for the month of July. July 1: Balance brought forward: Cash GHC48,000; Bank GHC165,000. 3: Credit purchases from Abusua Dwarfs GHC36,000. 5: The following paid him by cheque in each case deducting a 7.5% cash discount. Olympics GHC24,000, Kotoko GHC15,000 and Hearts GHC28,500. 7: Paid the following expenses by cheque: Insurance GHC9,000, Rent and Rate GHC16,500 and Electricity GHC7,500. 9: Cash Sales GHC67,500. 11: He paid the following accounts in cash in each case deducting 15% cash discount: Chelsea GHC24,000, Arsenal GHC15,000 and Man United GHC19,500. 13. Cash Sales GHC49,500 immediately banked. 13: Sales made to Palm Wine Tappers GHC51,600. 15: Paid Water bill GHC30,000 by cash. 15: Bought Property, Plant and Equipment GHC75,000 by cheque. 19: Paid Abusua Dwarf's account in full GHC30,000 by cash. 21: Withdrew cash from the bank for business use GHC55,500. 21: Palm Wine Tappers paid their account in full GHC48,000 by cheque. 23: He paid the following by cheque: Messi GHC16,500 less 30% cash discount, Ronaldo GHC13,500 less 22.5% cash discount and Mbappe GHC9,000. 25: Bought Machine by cheque GHC75,000. Lecturer: Hon. Richmond Sam-Quarm 2| Page 29: Cash Purchases GHC52,500. 30: Cash Sales GHC45,750. 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 balance for the month of July. July 1: Balance brought forward: Cash GHC48,000; Bank GHC165,000. 3: Credit purchases from Abusua Dwarfs GHC36,000. 5: The following paid him by cheque in each case deducting a 7.5% cash discount. Olympics GHC24,000, Kotoko GHC15,000 and Hearts GHC28,500. 7: Paid the following expenses by cheque: Insurance GHC9,000, Rent and Rate GHC16,500 and Electricity GHC7,500. 9: Cash Sales GHC67,500. 11: He paid the following accounts in cash in each case deducting 15% cash discount: Chelsea GHC24,000, Arsenal GHC15,000 and Man United GHC19,500. 13. Cash Sales GHC49,500 immediately banked. 13: Sales made to Palm Wine Tappers GHC51,600. 15: Paid Water bill GHC30,000 by cash. 15: Bought Property, Plant and Equipment GHC75,000 by cheque. 19: Paid Abusua Dwarf's account in full GHC30,000 by cash. 21: Withdrew cash from the bank for business use GHC55,500. 21: Palm Wine Tappers paid their account in full GHC48,000 by cheque. 23: He paid the following by cheque: Messi GHC16,500 less 30% cash discount, Ronaldo GHC13,500 less 22.5% cash discount and Mbappe GHC9,000. 25: Bought Machine by cheque GHC75,000. Lecturer: Hon. Richmond Sam-Quarm 2| Page 29: Cash Purchases GHC52,500. 30: Cash Sales GHC45,750.

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a Triplethree column cash book Dr Receipts CASHBOOK Cr Payments Date Description Disc... View the full answer