enter the following items in two column cash book cash and discount and balance them off on 8th January 2017
2017
January 1 Tarun commenced business with cash 10000, he pays 2300 for goods bought, 500 for furniture purchased , 400 of office equipments
January2. he paid rent 1000 , pays legal cost 1000
January 3 he sells goods for cash 1,800
January 4 he sells goods to Nitin on 5 days credit 800
January 5 he pays wages 150, cartage 50
January 6 he buys goods for cash 700, pays a creditor Sunil 425 in settlement of claim 450
January 7 he receives cash from Nitin allowing discount 20
January 8 he sells goods for cash 500
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Explanation:
tarun commenced business with cash 10000
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