You are to write up a three-column cash book for M. Pinero from the details that...

  

Transcribed Image Text:

You are to write up a three-column cash book for M. Pinero from the details that follow. Then balance off at the end of the month and post to the discount accounts in the general ledger. 2006 May 1 Balances brought forward: cash in hand, $58 bank overdraft, $1,470 May 2 M. Pinero paid further capital into the bank, $1,000. May 3 Bought office fixtures by cheque, $780. May 4 Cash sales, $220. May 5 Banked cash, $200. May 6 We paid the following by cheque, in each case deducting 22% cash discount: B. Barnes, $80; T. Horton, $240; T. Jacklin, $400. May 8 Cash sales, $500. May 12 Paid motor expenses in cash, $77. May 15 Cash withdrawn from the bank, $400. May 16 Cash drawings, S120. May 18 The following firms paid us their accounts by cheque, in each case deducting a 5% discount: L. Graham, $80; B. Crenshaw, $140; H. Green, $220. May 20 Staff paid in cash, $210. May 22 T. Weiskopf paid us his account in cash, $204. May 26 Paid insurance by cheque, $150. May 28 May 31 Bought motor van, paying by cheque, $4,920. We banked all the cash in our possession except for $20 in the cash till. You are to write up a three-column cash book for M. Pinero from the details that follow. Then balance off at the end of the month and post to the discount accounts in the general ledger. 2006 May 1 Balances brought forward: cash in hand, $58 bank overdraft, $1,470 May 2 M. Pinero paid further capital into the bank, $1,000. May 3 Bought office fixtures by cheque, $780. May 4 Cash sales, $220. May 5 Banked cash, $200. May 6 We paid the following by cheque, in each case deducting 22% cash discount: B. Barnes, $80; T. Horton, $240; T. Jacklin, $400. May 8 Cash sales, $500. May 12 Paid motor expenses in cash, $77. May 15 Cash withdrawn from the bank, $400. May 16 Cash drawings, S120. May 18 The following firms paid us their accounts by cheque, in each case deducting a 5% discount: L. Graham, $80; B. Crenshaw, $140; H. Green, $220. May 20 Staff paid in cash, $210. May 22 T. Weiskopf paid us his account in cash, $204. May 26 Paid insurance by cheque, $150. May 28 May 31 Bought motor van, paying by cheque, $4,920. We banked all the cash in our possession except for $20 in the cash till.