On 1^st July 2011, Maranga had cash at Bank sh. 136,500 and cash in hand sh. 3,250.

On 1^st July 2011, Maranga had cash at Bank sh. 136,500 and cash in hand sh. 3,250. During the month, the following transactions took place.

July 2: Cash sales Sh. 42,630 paid directly into bank.
July 3: Received a cheque for Sh. 14,100 from Murungi in full settlement of a debt.
July 8: Bought goods for Sh. 26,240 and paid by cheque.
July 12: Cash sales 42,450.
July 14: Paid Ochako by cheque Sh. 23,750 in full settlement of his account less 5% cash discount.
July 15: Paid wages Sh. 24,000 in cash.
July 16: Withdrew sh. 36,000 from bank for office use.
July 18: Bought stationary in cash Sh. 750.
July 20: Cheque received from Murungi was dishonoured.
July 28: Paid salaries by cheque for Sh. 48,600.
July 30: All cash was banked except Sh. 5,000.

Required: Prepare a Three-Column Cashbook duly balanced.

Answers

sharon kalunda answered the question on September 3, 2019 at 14:38

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