Prepare a duly balanced three column cash book from the following information extracted from the books of Omwami traders. Jan 1st Balance b/d cash sh.4,000, Bank...

Prepare a duly balanced three column cash book from the following information extracted from the books of Omwami traders.

Jan 1st Balance b/d cash sh.4,000, Bank Sh.27,000
Jan. 4th Settled Olweny creditors account of shs.8000 by cheque having deducted 6% cash discount
Jan 8th Received shs.6,000 cash from Mutoma traders
Jan 16th Deposited shs.4,500 to bank account
Jan 24th Withdrew shs.9200 from bank for private use
Jan 29th Received shs.19950 from Kahawa by cheque after allowing 5% discount
Jan 31st Banked all the cash leaving shs.1500 in the office

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sharon kalunda answered the question on September 5, 2019 at 11:40

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