Mary is a trader.

She provided the following information for July 2019:

1-Jul Bank overdraft $1,550
3-Jul Cash balance $900
3-Jul Paid insurance by bank transfer for $100
7-Jul Purchased a computer paying cash, $500
11-Jul Cash sales of $1,500
14-Jul Deposited $1,000 cash into the business bank account
19-Jul Purchased goods for resale for $2,500 and paid by cheque
21-Jul Lizzie, a credit customer, paid $1,050 directly into Mary's business bank account
25-Jul Mary withdrew $800 from the business bank account for personal use
28-Jul Paid electricity bill for $150, in cash
30-Jul Deposited all cash into the business bank account except $200

a. Write up Mary's cash book for the month of July 2019.

b. Balance the cash book and bring down the balances on 1 August 2019.
Enter the transactions in order of date.
Cash Bank Cash Bank
Date Details Date Details
$ $ $ $
July 1 Balance b/d ( 900) July 1 Balance b/d ( 1,550)
11 Sales ( 1,500) 3 Insurance expense ( 100)
14 Cash C ( 1,000) 7 Office equipment ( 500)
21 Lizzie ( 1,050) 14 Bank C ( 1,000)
30 Cash C ( 550) 19 Purchases ( 2,500)
31 Balance c/d ( 2,350) 25 Drawings ( 800)
28 Electricity expense ( 150)
30 Bank C ( 550)
31 Balance c/d ( 200)

( 2,400) ( 4,950) ( 2,400) ( 4,950)

1-Aug Balance b/d ( 200) 1-Aug Balance b/d ( 2,350)