THE CASH BOOK ASSIGNMENT

Enter  the  following  transactions  in  Peter  Collins  cash  book  for the month  of  January           2002,  balance  it  off  and  post  them  to the  ledger. 2002 Jan.

1^st  started   business  with  cash  at bank               10,000

2^nd  paid  for  fixtures by  cheques                            6,600

4^th  cash  sales                                                         2,250

5^th  paid  rent  by cash                                            1,400

6^th  Mr.  Muhindo  paid  him  by cheque                    1,880

8^ths  purchases  made  by cheques                           3,180

10^th  Received cash  from  Mr.  Ajwanga                   3,000

12^thpaid  wages  in cash                                            2,750

14^thRecived   a cheques  from  Ms.  Katongole          3,000

16^th  withdrew  cash  from  bank  for  office  use         2,500

17^th  got  money  from  bank  for personal  use         5,000

20^th  Bought  stationery,  paying  cash                      1,000

31^st  paid  cash  into  bank                                       1,050

QN.5

Record  the transactions  below  in  a cash  book  of  Muwanga  and  necessary  accounts  on            double  entry  system.

Feb.  2002

1^st  started  business  with  cash in hand                                    10,000

2^nd  opened   a bank   account  with Crane  bank  with  a  deposit  of shs.      1250

3^rd  bought Motor van  for cash                                                            3,600

5^th  Bought  goods  on credit  from  Musoke                                         5,400

8^th  cash sales, paid  directly  into  bank                                               3,300

10^th  paid  for stationery  by  cheques                                                 2,800

13^th  paid  insurance  in cash                                                               2,000

16^th  cash sales   to date                                                                     3,500

18^th  cash  purchases                                                                           2,300

23^rd  paid Museoke  by cheques                                                            3,000

25^th  sold  goods  on credit  Owino                                                       2,400

26^th  paid  for  heating  expenses                                                         1,000

28^thwithdrew  cash  from  bank  for  office  use                                    2,100

29^th  Received  cash from  Owino                                                         2,400

QN.6.

Record  the following transactions  in the  books  of  Masagazi  and  post  them  in their   relevant  ledgers,  dully  balanced  off  and  extract  a trail  balance.

2003  April

1^st  commenced  business  with   cash  a t  bank               22,500

4^th cashed a  cheques  for                                                      8,500

5^th  Bought  premises  by  cash                                            3,300

7^th  Bought  goods  paying by cheques                               4,000

10^thcash  sales to sate                                                           8,500

13^th  Bought stationery  by  cheques                                  2,800

16^th  paid   for  salary in cash                                             2,500

18^th  sold  goods  on  credit to Ouma                                  3,400

20^th  banked  cash                                                                2,000

22^ndbought  goods  on  credit from  Musa                         4,500

25^thpaid  for insurance  in cash                                           1,400

26^th  Received   cash  from  Ouma                                      3,400

28^th  Paid  Musa  by cheque                                               2,600

30^th sold more  goods  by cheques                                     6,000

31^stcash  purchases                                                               1,500

31^stwithdrew  cash from  bank  for private use                    5,000

31^stPaid  cash  into bank worth                                         6,700 shs.

QN.7

Enter  the  following  transactions  in  Kasodde’s  cashbook, open up necessary accounts  in the   ledgers and  balance  them  off  at  the end of the month  and  extract a trail  balance.

March  2002.

1^stKasodde  commenced  business  with  cash of  1,300 and  in  bank  1,500

2^nd  he  bought  shop  fittings  for  160 in  cash

3^rd  He  bought  goods  for cash  300

5^th  He  sold  goods   and received a cheques  of  400

6^thHe  sold  goods  for cash  150

10^th he bought goods for  200 by cheques

15^th  cash sales  500

17^th  paid carriage  inwards  for  10 in  cash

20^thHereceived   a bank  loan  of 500  by cheques

22^nd  He   paid  wages in cash  20

23^rd  He paid  for  electricity by cheques 15

27^th  He paid  for rent  in cash 20.

QN

From  the  following  transactions,  draw   up a three  column  cash book  for the  month  of  February  2006  and  balance  off  at the end of the month

Jan.  2002

1^st Started business  with  cash  at bank                                    100,000

2^ndBought  goods  for cash from Musa  50,000  less  12.5%  discount

4^th  sold  goods  for cash  60,000 less 2,000  discount

8^th  cash  sales  to date                                                                 30,000

12^th  paid  Musa  Shs.  50,000  by cheques  5%  discount

14^th  paid  rent in cash                                                                  4,000

22^ndwithdrew  Shs.  30,000  for business  use

24^thsold  goods  by  cheques                                                        50,000

26^thBanked  cash                                                                           10,000

28^thBought  stationery by cheques                                               40,000

29^th  received cash from   were 40,000  less  10%  discount