And for cash. He sells goods on a cash basis only. The following transactions took place in April 2020.
April 4
Bought goods on credit from Milly, list price $320, subject to a trade discount of 20%
5
Bought goods on credit from EHL Limited, $500
6
Bought stationery, $145, paying by cheque
8.
Cash sales, $280. were paid immediately into Bilal's bank account
10
Paid $128 cash to Milly
12
Cash sales. $110
13
Bought goods on credit, $250, from Todd who offers 4% cash discount for payments
made within 14 days
17
Bought office equipment, $500, paying by bank transfer
21
Paid by cheque for the goods purchased from Todd on 13 April after deducting the cash
discount
24
Paid $485 to EHL Limited by telephone transfer, having deducted 3% cash discount
28
Sold old office equipment for $50 cash
Complete Bilal's cash book on the page opposite.
Balance the cash book and bring down the balances on 1 May 2020.​