On 1st January 2015, Ndovu Traders had Ksh 30,000 in cash and Ksh 75,000 at the bank. During the month, the following transactions took place: January 2: Bought...

      

On 1st January 2015, Ndovu Traders had Ksh 30,000 in cash and
Ksh 75,000 at the bank.
During the month, the following transactions took place:
January 2: Bought goods in cash worth Ksh 15,500.
5: Received cash from Chui Ksh 23,750 after allowing 5% cash
discount.
8: Withdrew Ksh 8,900 from the bank for personal use.
11: Maro, a debtor settled her account of Ksh 16,800 by a cheque of Ksh
16,000.
15: Sales amounted to Ksh 24,250 in cash.
17: Paid Furaha traders Ksh 29,100 in cash in full settlement of their
account less
3% cash discount.
20: Withdrew Ksh 15,000 from the bank for business use.
22: Koko a debtor settled her account of Ksh 40,000 by cheque less 2.5%
cash discount.
25: Paid wages Ksh 21,000 cash
Required: Prepare a duly balanced three column cash book.

  

Answers


Kavungya
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Kavungya answered the question on May 7, 2019 at 07:23


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