Name:

Class: Homework No:

1. Mr. Teo started its business on 1 April 2018.

Date Transactions
Apr 1 Owner invested $40,000 of his money to the business and
deposited the money into the business bank account
Apr 3 Purchased goods worth $8,000 from Mass Trading, issued cheque
for $4,000 and the balance will be paid at the end of the month
Apr 6 Bought a van for $30,000 from Lace Q Motor Sdn. Bhd. and paid
a down payment of $10,000 by cheque. The remainder to be paid
in 5 month installment starting May 2018.
Apr 10 Cash sales worth $1,250
Apr 13 Owner withdrew $500 cash from bank for his personal use
Apr 18 Issued cheque for $3,800 to Mass Trading after deducting cash
discount of 8 %
Apr 25 Received $20,000 loan by cheque from SME Bank
Apr 29 Withdrew $300 cash from the bank for office use
Apr 30 Paid shop assistant’s salary of $800 by cheque.

Required:
(a) Prepare three-column cash book
(b) The cash book should be balanced at 30 April 2018.
2. Followings are the transactions taken place in the month of August 2018.

1 Aug Opening Balance $35,000 in bank and $14,000 in cash

2 Aug Brought in additional capital $14,000 in bank and $7,000 in cash
3 Aug Received a cheque $2,800 from Andak after discount allowed $280
5 Aug Received cash $1,400 from Jane after discount allowed $140
7 Aug Paid a cheque $5,600 to Mans. Co after discount received $560
9 Aug Paid cash $4,200 to Neds. Co after discount received $560
10 Aug Purchased goods by cash $2,520
14 Aug Sold goods for $3,500, immediately received cash
18 Aug Received a cheque $3,780 from Along after discount allowed $420
20 Aug Paid a cheque $2,100 to Kerta. Co after discount received $280
25 Aug Paid insurance premium $2,240 by cheque
28 Aug Commission income $700 received in cash
Required:
Prepare a three column cash book for the records and then transfer the totals
from cash book to discount allowed account and discount received account