March 01: cash balance $1,450 ( bank balance $1,500 (
march 02: paid mark & co. by check $120.
march 04: received from john & co. a check amounting to $400.
march 05: deposited into bank the check received from john & co. on march 04.
march 08: purchased stationary for cash, $25.
march 12: purchased merchandise for cash, $525.
march 13: sold merchandise for cash, $1,800.
march 15: cash deposited into bank, $850.
march 17: withdrew from bank for personal expenses, $40.
march 19: issued a check for merchandise purchased, $630.
march 20: drew from bank for office use, $150.
march 22: received a check from peter & co. and deposited the same into bank immediately, $880.
march 25: paid a check to daniel inc. for $270.
march 26: bought furniture for cash for office use, $175.
march 28: paid office rent by check, $120.
march 29: cash sales, $650.
march 30: withdrew from bank for office use, $145.
march 31: paid salary to employees by check, $300.
required:   record the above transactions in a double column cash book and post entries there from into relevant ledger accounts.

Balance Dr side, Cash column $2,850, Bank column $4,030

Balance Cr side, cash column $2,850 Bank column $4,030

Balance C/d Dr side Cash column $415, Balance C/d Cr side Bank column $2,255

Balance B/d Dr side Bank column$2,255, Balance B/d Cr side Cash column $415

Explanation:

Double Column Cash Book

March 1 Balance : Cash Dr $1,450, Bank Dr$ 1,500

March 2 Mark Bank Cr $120

March 4 John Bank Dr $400

March 5 Bank Dr $400

March 8 stationery Cash Cr$ 25

March 12 merchandise Cash Cr $1,800

March 15 Cash contra entry Bank Dr $850, Cash Cr$850

March 17 withdrawal contra entry Cash Dr $40, Bank Cr $40

March 19 merchandise Bank Cr $630

March 20 withdrawal contra entry Cash Dr $150, Bank Cr $150

March 22 Cash Bank Dr $880

March 25 Bank Bank Cr $270

March 26 Furniture Cash Cr $175

March 28 Office Rent Bank Cr $120

March 29 Sales Cash Dr $650

March 30. Bank contra entry Cash Dr $145, Cash Bank Cr $145

March 31 Salary Bank Cr $300

Balance Cash column Dr side $2,850, Bank column Dr side $4,030

Balance Cash column Cr side $2,850, Bank column Cr side $4,030

Balance carried down Cash column Dr side $415, Balance carried down Bank column Cr side $2,255

Balance Brought down Bank column Dr side $2,255, Balance Brought down Cash column $415

Ledger entry

Capital Account : Cr $ 2,950 ( cash balance + bank balance)

Sales Account Cash Cr $650

Purchase Account : stationery Dr $25,Merchandise Dr $1,800, Merchandise Dr $630 Total $2,455

Bank Account Dr side Mark and co $120, Office Rent $120, Salary $300, Daniel Inc $270 Total $2,530,Balance carried down $1,720

Bank Account Cr side John $400, Bank $400,Peter and co $880,Cash $850 Total $2,530

Drawing Account : withdrawal Dr$40, withdrawal Dr $150, withdrawal Dr $145 Total $335

Cash Account :withdrawal Cr $40, withdrawal Cr $150, withdrawal Cr $145

Furniture Account : Cash $175

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