At Ist September, the financial position of Sara Young's Business was: Cash in hand Balance at...

 

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At Ist September, the financial position of Sara Young's Business was: Cash in hand Balance at Bank Accounts Receivable ABC 130 1000 250 DEF 520 310 1020 GHI Inventory Accounts Puyable JKL. 590 1420 MNO During September The three debtors settled their accounta by choque, subject to a cash discount ofS%. 2 A cheque for £100 was cashed for office use. (ie. from bank to cash) JKL was paid by cheque less 7.5% cash discount. 4 MNO'S account was settled, subject to a discount of 4%, by cheque. 5 Wages of El30 were paid in cash. 3. (a) Open a three-column cash book and the T-accounts for the accounts receivable and accounts payable (separately for each individual of course) at 1st September. (b) Record the above transactions for September. At Ist September, the financial position of Sara Young's Business was: Cash in hand Balance at Bank Accounts Receivable ABC 130 1000 250 DEF 520 310 1020 GHI Inventory Accounts Puyable JKL. 590 1420 MNO During September The three debtors settled their accounta by choque, subject to a cash discount ofS%. 2 A cheque for £100 was cashed for office use. (ie. from bank to cash) JKL was paid by cheque less 7.5% cash discount. 4 MNO'S account was settled, subject to a discount of 4%, by cheque. 5 Wages of El30 were paid in cash. 3. (a) Open a three-column cash book and the T-accounts for the accounts receivable and accounts payable (separately for each individual of course) at 1st September. (b) Record the above transactions for September.

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Answer Explanation Month september CAmt in Answencu cb s Three coloumn Cash book AlC Disrant cash ... View the full answer