2012

May

2
8
11
16
25
28
29
30

Balances b/d
Cas
h
Ban
k
Accounts receivable
a/c:
B.King
N.Campbell
D.Shand
Accounts payable a/c
U.Barrow
A.Allen
R.Long
B.King pays us by cheque, having deduced 2.5% cash
discount (3)
We pay R/Long his account by cheque, deducting 5% cash
discount
We withdrew 100 from the bank for
business use
N.Campbell pays us his account by cheque, deducting
2.5% discount
We paid office expenses in cash
D.Shand pays us in cash after a 5% cash
discount
We pay U.Borrow by cheque we receive 5%
discount
We pay A.Allen by cheque, less 2.5%
discount

29
654

120
280
40
60
280
40

Required:
1. Complete the Cash book
2. complete the T-Accounts (IN YOUR BOOKS)
Dr
Narration
1 Balance
b/d
2 B.King

Folio

Discou
nt

Cash book
Cash

Bank

Narration

11 Bank

8 R.Long
11 Cash
25 Office
exp

16
N.Campbell

29 U.Barrow

28
D.Shand
Balances
b/d

30 A.Allen
31 Balances
c/d

Folio

Discou
nt

Cr
Cash

Bank