March 1 Cash in hand £100, Cash at bank £5,672 4 York received a cheque for £1,246 from W Abbot which was paid directly into the bank. This represented sales. 6 8 10 Paid wages in cash £39 Sold goods for cash £152 Received cheque from G Smart for £315, in full settlement of a debt of £344; this was paid directly into the bank. 11 Paid sundry expenses in cash £73 14 Purchased goods by cheque for £800 18 Paid J Sanders a cheque of £185 in full settlement of a debt of £201 23 Withdrew £100 from the bank for office purposes 24 Paid wages in cash £39 26 Sold goods for cash £94 28 Paid salaries by cheque £230 31 Retained cash amounting to £150 and paid the remainder into the bank
March 1 Cash in hand £100, Cash at bank £5,672 4 York received a cheque for £1,246 from W Abbot which was paid directly into the bank. This represented sales. 6 8 10 Paid wages in cash £39 Sold goods for cash £152 Received cheque from G Smart for £315, in full settlement of a debt of £344; this was paid directly into the bank. 11 Paid sundry expenses in cash £73 14 Purchased goods by cheque for £800 18 Paid J Sanders a cheque of £185 in full settlement of a debt of £201 23 Withdrew £100 from the bank for office purposes 24 Paid wages in cash £39 26 Sold goods for cash £94 28 Paid salaries by cheque £230 31 Retained cash amounting to £150 and paid the remainder into the bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Prepare the
Transcribed Image Text:March
1 Cash in hand £100, Cash at bank £5,672
4
York received a cheque for £1,246 from W Abbot which was paid directly into the bank.
This represented sales.
6
8
10
Paid wages in cash £39
Sold goods for cash £152
Received cheque from G Smart for £315, in full settlement of a debt of £344; this was
paid directly into the bank.
11 Paid sundry expenses in cash £73
14 Purchased goods by cheque for £800
18 Paid J Sanders a cheque of £185 in full settlement of a debt of £201
23 Withdrew £100 from the bank for office purposes
24 Paid wages in cash £39
26 Sold goods for cash £94
28 Paid salaries by cheque £230
31 Retained cash amounting to £150 and paid the remainder into the bank
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