24 Bought lorry paying by cheque £14,300.29 Received £324 cheque from A. Line.30 Cash sales £980.30 Bought stationery paying by cash £56. 9.4A Enter the following in the three-column cash book of an office supply shop. Balance-off thecash book at the end of the month and show the discount accounts in the general ledger.June 1 Balances brought forward: Cash £420; Bank £4,940.2 The following paid us by cheque, in each case deducting a 5 per cent cashdiscount: S. Braga £820; L. Pine £320; G. Hodd £440; M. Rae £1,040.3 Cash sales paid direct into the bank £740.5 Paid rent by cash £340.6 We paid the following accounts by cheque, in each case deducting 2'2 percent cash discount: M. Peters £360; G. Graham £960; F. Bell £400.8 Withdrew cash from the bank for business use £400.10 Cash sales £1,260.12 B. Age paid us their account of £280 less £4 cash discount, by cheque.14 Paid wages by cash £540.16 We paid the following accounts by cheque: R. Todd £310 less cash dis-count £15; F. Dury £412 less cash discount £12.20 Bought fixtures by cheque £4,320.

DATE PARTICULARS VOUCHERS NUMBER POSTING NUMBER DISCOUNT CASH BANK DATE PARTICULARS VOUCHER…

Answered: 24 Bought lorry paying by cheque…

24 Bought lorry paying by cheque £14,300. 29 Received £324 cheque from A. Line. 30 Cash sales £980. 30 Bought stationery paying by cash £56.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter11: Accounting For Purchases And Cash Payments

Section: Chapter Questions

Problem 10SPB: CASH PAYMENTS TRANSACTIONS Kay Zembrowski operates a retail variety store. The books include a...

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

24 Bought lorry paying by cheque £14,300.
29 Received £324 cheque from A. Line.
30 Cash sales £980.
30 Bought stationery paying by cash £56.

9.4A Enter the following in the three-column cash book of an office supply shop. Balance-off the
cash book at the end of the month and show the discount accounts in the general ledger.
June 1 Balances brought forward: Cash £420; Bank £4,940.
2 The following paid us by cheque, in each case deducting a 5 per cent cash
discount: S. Braga £820; L. Pine £320; G. Hodd £440; M. Rae £1,040.
3 Cash sales paid direct into the bank £740.
5 Paid rent by cash £340.
6 We paid the following accounts by cheque, in each case deducting 2'2 per
cent cash discount: M. Peters £360; G. Graham £960; F. Bell £400.
8 Withdrew cash from the bank for business use £400.
10 Cash sales £1,260.
12 B. Age paid us their account of £280 less £4 cash discount, by cheque.
14 Paid wages by cash £540.
16 We paid the following accounts by cheque: R. Todd £310 less cash dis-
count £15; F. Dury £412 less cash discount £12.
20 Bought fixtures by cheque £4,320.

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