Question

1 Cash balance 5,000; Bank overdraft 1.500.
Jan. 3 Cash deposited into bank * 1.600.
Jan. 25 Goods purchased by cash 975, Discount received * 25.​

Answer 1

Answer:

YOUR ANSWER IS GIVEN BELOW:

Explanation:

Jan 3. Bank A/c. Dr. 1600

To Cash A/c 1600

Jan 25. Purchase A/c. Dr. 1000

To Cash A/c. 975

To Discount

received A/c. 25