Problem:
Help writing up a 3 Column Cash Book of the Transaction that was done with our company last month (March2009)
March1 Balance brought forward :
Cash in Hand : $5000
Cash at Bank : $ 90,000
March2 Received Cash loan of $25 ,000 from Partners .
March3 Bought goods of $156,000
March4 Bought Motor Van paying by check $1,600
March5 Cash Withdrawn from the bank $25,000
March7 Paid Wages in Cash $16,000
March8 Cash Drawings $10,000
March10 Cash Sales paid directly into the bank $28,000
March12 We paid the following Accounts by Check less 10% discount in each case:
Marshal : $2,000
: Linda : $1,600
Theresa : $1,800
March13 The following paid us their Accounts by Check in each case
deducting 2.5% Discount
Jerry : $980
Martins :$450
March15 Received a further Loan of $2,500
March16 We paid Brandy his account of $400 by Check
March18 Cash Sales $8,000
March21 Paid Rent in Cash $1,800
March23 Received Commission By Check $7,500
March25 The following persons paid us their Accounts by check in each
Case Deducting 5% Discount :Uson $500 ; David : $4,599
March26 We paid the following Accounts paid by check in each case
deducting 2% Discount
Joseph : $2000 , Tiola : 1,200
March28 Paid Insurance :$8,900
March29 Linda Paid Us a Check for $ 2,500 Having Deducted 200 for cash Discount