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On 1st January 2013, Chui has Sh. 35,000 in cash and a bank overdraft Sh. 12,00. During the month, the following transaction took place:

Jan 2 Sold goods for Sh. 8,000 cash.
Jan 5 Received a cheque for Sh. 40,000 from Mwirigi Enterprises
Jan 8 Paid Sh. 6,000 cash to Bundi.
Jan 10 Deposited Sh. 13,000 into the bank from cash till
Jan 14 Withdrew Sh. 5,000 from bank for personal use.
Jan 15 Paid wages Sh. 4,000 in cash.
Jan 18 Received Sh. 25,000 cash from Kazure.
Jan 24 Cash sales paid directly into the bank Sh. 45,000
Jan 26 Paid wages Sh. 2,400 in cash
Jan 27 Withdrew Sh. 21,000 from bank for business use
Jan 28 Bought furniture Sh. 19,000 in cash.
Jan 29 Paid insurance Sh. 17,000 by cheque.
Jan 30 Deposited all the cash into the bank leaving a balance of only Sh.3,000

Prepare a two-column cashbook and balance it off.

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Dr   Two-column Cash Book    Cr 
 Date ParticularsCash Bank Date Particulars Cash Bank 
 20 -8 Sh Sh 20-8  Sh Sh 
 Jan 1Balance b/d 35,000  Jan 1 Balance b/d  12,000 
 Jan 2 Sales18,000  Jan 8 Bundi 6,000 
 Jan 5 Mwirigi Entr  40,000 Jan 10 Bank 13,000 
    Jan 14  Drawings  5,000
 Jan 10 Cash  13,000 Jan 15 Wages 4,000 
     Jan 26 Wages 2,400 
 Jan 18 Kazure 25,000  Jan 27 Cash  21,000
     Jan 28 Furniture 19,000 
 Jan 24 Sales  45,000 Jan 29 Insurance  17,000
 Jan 27 Bank21,000   Jan 30 Bank 51,600 
     Jan 31 Bal c/d 3,000 94,600
 Jan 29 Cash  51,600    
   99,000 149,600   99,000 149,600

 

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