Reference no: EM131797064

You are required to Write up a 3 Column Cash Book of the Transaction that was done with our company in july.

july 1-Balance brought forward:

Cash in Hand : $5,000

Cash at Bank : $90,000

july 2-Received Cash loan of $25,000 from Partners.

july 3-Bought goods of $156,000

july 4-Bought Motor Van payed by check $1,600

july 5-Cash Withdrawn from the bank $25,000

july 7-Paid Wages in Cash $16,000

july 8-Cash Drawings $10,000

july 10-Cash Sales paid directly into the bank $28,000

july 12-We paid the following Accounts by Direct deposit less 5% discount in each case;

Marshal:$2,000,

Linda:$1,600, 

Theresa:$1,800

july 13-The following made payments to our partners from their Accounts by Direct deposit in each case deducting a 5% commission;

Jerry: $1980

Martins: $4150

july 15-Received a futher Loan of $2,500

july 18-Cash Sales $8,000

July 23-Received Commission By Check $7,500

July 26-We paid to the following Accounts by Direct deposit in each case deducting 2% Discount;

Joseph: $2000, 

Woroniecka: 1,200