3 Column Cash Book Transaction, Financial Accounting

Assignment Help:
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March 5 Cash Withdrawn from the bank $25,000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.--------------------- -

Related Discussions:- 3 Column Cash Book Transaction

Premium coupons , premium coupons that already have been expired should be ...

premium coupons that already have been expired should be or shouldn''t be estimated as liability?

Is the emergency center a wise use of the hospital''s , Consider a not-for-...

Consider a not-for-profit hospital faced with a familiar choice: to open or not to open an emergency center in a new suburban hospital shopping mall.  The mall's developers claim t

Describe about backdating, Q. Describe about Backdating? i) Exercise pr...

Q. Describe about Backdating? i) Exercise price is based on a lower share price prior to option grant date. Practice of marking a document with a date that precedes actual date

Inter company balances-group accounts, Inter Company balances One of th...

Inter Company balances One of the companies may appear as receivable (debtor) or payable (creditor) in the other company’s books. Just like in accounting four branches, such in

Compute earnings per share, Here is the income statement for Belding, Inc. ...

Here is the income statement for Belding, Inc. BELDING Inc. Income statement for the year ended December 31, 2012 Sales $400,000 costs of goods sold 250,000 gross profit 150,000 ex

Prepare a journal entry to record, On January 1, a company issued and sold ...

On January 1, a company issued and sold a $400,000, 7%, 10-year bong payable, and recieved proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses

Reserve requirement , 2(i). If all depositors tried to convert their deposi...

2(i). If all depositors tried to convert their deposits into cash at once, they would find that there are not sufficient reserves in the system to permit all of them to do this at

Differences in inter company balances-group accounts, Differences in Inter ...

Differences in Inter company balances i) Cash in transit Where one company may have sent cash which is yet to be received by the other company as at the end of the financia

Determine mutually exclusive projects - profitability index, 1. What is the...

1. What is the internal rate of return for a project that has a net investment of $150,000 and net cash flows of $40,000 for 5 years? 2. Using the profitability index, which of

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd