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On 1st June 2009, Nyamira Traders had cash in hand shs.87,000 and cash at bank Shs.250,000. During the month, the following transactions took place:- 2009 June 2:-Cash...

      

On 1st June 2009, Nyamira Traders had cash in hand shs.87,000 and cash at bank Shs.250,000.
During the month, the following transactions took place:-
2009 June 2:-Cash sales shs.50,000 issued Receipt No.063
3:- Paid salaries and wages shs.101,500 by cheque ; cheque no. 083
6:- Received a cheque for shs.76,800 from Kemunto, after allowing her a cash discount
of 4% issued a receipt No. 064
12:- Settled Omwabo’s account of shs.40,000 in cash, having deducted shs.800 cash
discount. Received recipt no. 0656
18:- Withdrew shs.30,000 from bank for office use
21:- Received shs.16,500 cash from Manwari in settlement of his account less shs.660
cash discount. Receipt No. 065
22: - Bought office furniture by cheque shs.85,000. Receipt No. 734
23:- Paid wages Shs.24,000 in cash receipt No. 801
28:- Withdrew shs.5000 cash for private use
30:- Received a cheque for shs.150,000 in respect of cash sales . Receipt No. 066
Required: Prepare:- (i) A cash receipts journal
(ii) A cash payment journal

  

Answers


Kavungya
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Kavungya answered the question on April 4, 2019 at 08:15


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