Section 3: Cash Book Instructions: Write up the three-column cash book and balance it, then post the discount totals to

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Section 3 Cash Book Instructions Write Up The Three Column Cash Book And Balance It Then Post The Discount Totals To 1 (82.31 KiB) Viewed 13 times

Section 3: Cash Book Instructions: Write up the three-column cash book and balance it, then post the discount totals to the appropriate accounts in the ledger. (30 pts) You were provided with the following transactions by XYZ Enterprises. 2022 Mar. 1 Balances brought forward: cash $2,000, bank $5,000 Mar. 6 Paid wages by cheque $1,000 Mar. 10 Paid C. Procter by cheque $1,000, less 5% cash discount Mar. 14 Received $200 cash from O. Frank after allowing $60 discount Mar. 18 Withdrew $500 from the bank for business use Mar. 23 Received $1,000 cash from J. Burrows in settlement for his debt of $1,100 Banked $500 of the cash in hand Mar. 26 Mar. 28 Purchased stationery for cash $300 Mar. 30 Paid supplier N. Cruz $400 by cash in full settlement for $430 Mar. 31 L. Keyes settled his debt of $1,000 by cheque after deducting 2 1/2 % cash discount hild completed this assessment.