On 1^st June 2015, Ndovu Traders had cash in hand of sh.25,000 and sh.56,200 at bank. During the month, the following transactions took place: 2015 June 2 Cash...

On 1^st June 2015, Ndovu Traders had cash in hand of sh.25,000 and sh.56,200 at bank.
During the month, the following transactions took place:
2015
June 2 Cash sales, sh.42,000.
June 5 Received a cheque of sh.70,500 from Kiptala Traders after deducting a 6% cash discount.
June 8 Paid salaries, sh24,000 cash.
June 9 Yegon settled his account of sh.45,000 in cash and was allowed sh.l,800 cash discount.
June 12 Cash sales sh46,500.
June 18 Paid Tuitoek's debt of sh.l00,000 by cheque after deducting 5% cash discount.
June 24 Withdrew sh.26,000 from the bank for office use.
June 30 Banked all the cash except sh.25,000.
Prepare a 3-column cashbook and balance it off on 30^th June, 2015.

Answers

sharon kalunda answered the question on September 2, 2019 at 11:57

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