Mrs. Baraka, a trader had the following cash transactions starting 1st January 2016.

Mrs. Baraka, a trader had the following cash transactions starting 1st January 2016.

Jan 1 Balance b/d cash 5,000 bank 15,000
2 Bought goods for sale and paid by cheque 4,000
9 Paid insurance 150 cash
12 Received 250 cash from Mr. Kibet
14 Deposited 1,000 in the bank
16 Received by cheque 2,000 from Mchana
20 With drew 7,500 from bank for office use.
23 Paid wages 900 by cheque.
26 Received payment of 7,500 cheque from Joy Enterprises after allowing discount of shs. 100
28 Paid electricity 3,000 cash
30 Paid water 1,500 in cash
31 Settled Korir Traders account of sh. 2,250 and received a 10% discount.

Enter the above transactions in a three-column cashbook.

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sharon kalunda answered the question on September 2, 2019 at 13:59

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