You are required to Write up a 3 Column Cash Book of the Transaction that was done with our company in july.
july 1-Balance brought forward:
Cash in Hand : $5,000
Cash at Bank : $90,000
july 2-Received Cash loan of $25,000 from Partners.
july 3-Bought goods of $156,000
july 4-Bought Motor Van payed by check $1,600
july 5-Cash Withdrawn from the bank $25,000
july 7-Paid Wages in Cash $16,000
july 8-Cash Drawings $10,000
july 10-Cash Sales paid directly into the bank $28,000
july 12-We paid the following Accounts by Direct deposit less 5% discount in each case;
Marshal:$2,000,
Linda:$1,600,
Theresa:$1,800
july 13-The following made payments to our partners from their Accounts by Direct deposit in each case deducting a 5% commission;
Jerry: $1980
Martins: $4150
july 15-Received a futher Loan of $2,500
july 18-Cash Sales $8,000
July 23-Received Commission By Check $7,500
July 26-We paid to the following Accounts by Direct deposit in each case deducting 2% Discount;
Joseph: $2000,
Woroniecka: 1,200