3 Column Cash Book Transaction, Financial Accounting

I have tried to answer this assignment with no luck.
Balance brought forward :
Cash in Hand : $5000
Cash at Bank : $ 90,000
March 2 Received Cash loan of $25 ,000 from Partners .
March 3Bought goods of $156,000
March 4Bought Motor Van paying by check $1,600
March 5 Cash Withdrawn from the bank $25,000
March 7 Paid Wages in Cash $16,000
March 8 Cash Drawings $10,000
March 10 Cash Sales paid directly into the bank $28,000
March 12 We paid the following Accounts by Check less 10% discount in each case:
Marshal : $2,000: Linda : $1,600
Theresa : $1,800
March 13 The following paid us thier Accounts by Check in each case deducting 2.5% Discount
Jerry : $980
Martins :$450
March 15 Received a futher Loan of $2,500
March 16 We paid Brandy his account of $400 by Check
March 18 Cash Sales $8,000
March 21 Paid Rent in Cash $1,800
March 23 Received Commission By Check $7,500
March 25 The following persons paid us thier Accounts by check in each Case Deducting 5% Discount :Uson $500 ; David : $4,599
March 26 We paid the following Accounts paid by check in each case deducting 2% Discount
Joseph : $2000 , Tiola : 1,200
March 28 Paid Insurance :$8,900 March29 Linda Paid Us a Check for $ 2,500 Having Deducted 200 for cash Discount.--------------------- -
Posted Date: 8/16/2012 7:22:08 PM | Location : United States







Related Discussions:- 3 Column Cash Book Transaction, Assignment Help, Ask Question on 3 Column Cash Book Transaction, Get Answer, Expert's Help, 3 Column Cash Book Transaction Discussions

Write discussion on 3 Column Cash Book Transaction
Your posts are moderated
Related Questions

What is the difference between financial statements prepared from the expanded accounting equation and those prepared from a trial balance?

Rockland Corporation earned net income of $346,500 in 2012 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $924,000 of 10% bon

Answer all of the parts in this task. Part (i) is worth a maximum of 6 Marks - 1 Mark each part. Parts (ii) and (iii) are worth a maximum of 2 Marks each. (i) Describe each of t

Company A subsequently sells 60% of the voting interest in Company S for $900,000. The fair value of Company A's retained interest of 10% in the voting stock in Company S is $120,0

Q. What is Leveraged Lease? Leveraged Lease - Transaction under which LESSOR borrows funds to acquire property which is leased to a third party. Property and lease rentals are

The principle that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of assets associated with revenue to be in a form other than cash and (3

Q. What is Audit Sampling? Audit Sampling - Application of an AUDIT procedure to less than 100% of items within anaccount BALANCE or class of transactions for purpose of evalua

What organizations are responsible for governing financial reporting? What is the role of each organization? How have the roles changed in the last 20 years? How might their roles

The time t= 0 continuously compounded term structure of interest rates is given by R(0 , T) = 0. 05 - 0. 005 e - 0.10 T . Find the price of a Treasury bond with exactly 3