Hyundai Motors had the following transactions during the month of October, 2020

Accounting Dec 29, 2020

Hyundai Motors had the following transactions during the month of October, 2020. State how these transactions will be entered in a Two Column Cash Book October 3 Took $200 out of the cash till and paid it into the bank October 1- Fathiya paid us by cheque $194 October 5 We paid for postage stamps in cash $80, October 16. Jaffer lentus $1,500 in cash Debit Bank Column $80 Credit Cash Column $80 Credit Bank Column $80 Debit Cash Column 580

Expert Solution

Oct 3 Debit bank column by 2$00 and credit cash column by 200

Octor 4 Debit Bank Column by $194

Oct 5 Credit cash column by $80

Oct 16 Debit cash column by $1500

If any doubt please .

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