Get premium membership and access questions with answers, video lessons as well as revision papers.

On 1st June 2009, MULI ENTERPRISES had cash in hand sh. 87,000 and cash at bank sh. 250,000.During the month, the following transactions took place. June...

      

On 1st June 2009, MULI ENTERPRISES had cash in hand sh. 87,000 and cash at bank
sh. 250,000.During the month, the following transactions took place.
June 2, Sales (cash) sh. 50,000
June 3, Paid salaries sh.101, 500 by cheque.
June 6, Received a cheque for sh. 76,800 from Mwelu after allowing her a cash discount of 4%.
June 12, Bought office furniture by cheque sh. 85,000
June 16, Settled Musau’s account of sh. 40,000 in cash, having deducted shs 800 cash discount.
June 18, Received a cheque for shs 150,000 in respect of cash sales.
June 21, Paid wages shs 24,000 in cash.
June 22, Withdrew shs 30,000 from bank for office use.
June 25, Withdrew shs 5000 cash for private use.
June 28, Received shs 16500 cash from Kasiva in settlement of her account less shs 660 cash discount.
June 30, Deposited all the money into bank except shs 25,000
Prepare a three column cash book and balance it off.

  

Answers


Kavungya
fig3026920191208.png
Kavungya answered the question on September 26, 2019 at 09:09


Next: In the circuit diagram in figure below, the voltmeter reads 4 volts.
Previous: Kiss FM broadcasts at a frequency of 100 HZ if the velocity of the radio waves is 3.0 x 108 m/s.Calculate the wavelength of radio...

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions