Question 3

Enter up the three column cashbook from the following transactions, balanced off and post the relevant entries in the relevant ledgers.

1. Balances brought forward: cash N$ 230; bank N$ 4756

2. Following paid their accounts by cheque, in each case deducting 5percent cash discounts Harases N$140;N Iyambo N$220 ;B Visagie N$300

3. Paid rent by cheque N$120

6. S Mouton lent us N$1000 paying by cheque.

8.We paid the following accounts by cheque in each case deducting a 2^1/2 percent cash discount E Kapiye N$360;B Magongo N$480;N Nels N$800.

10. Paid motor expenses in cash N$44

12. Z Isaaks pays her account of N$77 by cheque N$74, deducting N$3 cash discount.

15. Paid wages in cash N$160

18.The following paid their accounts by cheque in each case deducting 5 percent cash discount M Swartbooi N$260;P Thanises N$340;L Hamukwaya N$460

21 Cash withdrawn from bank N$350 for business use

24. Cash drawings N$120

25. Paid H Hamukwaya her account of N$140, by cash N$133 having deducted N$7 cash discount

29. Bought fixtures paying by cheque N$650

31 Received commission by cheque N$88