Reference no: EM132590006
These are the business transactions for Serizawa Enterprise for the month of June 2020. The followings were the balances brought down from the previous month:
Cash at bank RM20,000 (Cr)
Cash in hand RM7,000 (Dr)
June Transactions
1 Additional capital of RM30,000 was deposited into the bank account.
2 Cash sales of RM1,600 were earned.
4 Purchased goods for RM5,700 on credit from Mr.Dickson and received 10% discount on purchase made.
8 Paid rental by cheque amounting to RM1,520.
12 Paid Mr.Dickson, by cheque for the amount owed after deducting cash discount of RM850.
14 Purchase printer for RM720 by cheque.
16 Withdraw cash RM2,150 from bank for office use.
18 Bought stationeries for RM150 by cash.
21 Purchase goods of RM810 by cash.
23 Withdraw cheque of RM1,300 for personal use.
24 Paid utilities of RM1,750 by cheque.
26 Sold goods for RM 5,150 to Ms.Janaki on credit and gave her 20% trade discount.
28 Paid salary of RM1,500 by cheque to a staff.
29 Received cheque for RM2,000 from Ms.Janaki as a partial payment of the amount owed after deducting cash discount of RM60.
29 Bank charges amounting to RM35.
30 The cashier was asked to keep RM3,000 cash in hand and the rest to bank in.
Required:
Question 1: Prepare three-column cash book and balance the cash book at the end of the month.