Enter the following transactions in the suitable cash book for Mumbi stores January 1^st opening balance cash 50,000 Bank 100,000 2^nd bought goods from Kimeto on credit...

Enter the following transactions in the suitable cash book for Mumbi stores
January 1^st opening balance cash 50,000
Bank 100,000
2^nd bought goods from Kimeto on credit sh. 60,000
12^th settled Kimeto’s account of sh. 60,000 by cheque after detecting 10% cash discount
20^th total sales on credit amounted to sh. 50,000
25^th Received a cheque of sh. 28,500 from Muturi settling his account after deducting 5% cash discount
30^th transferred cash to the bank leaving a balance of sh. 5,000

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Kavungya answered the question on October 11, 2019 at 08:15

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