Prepare a single column cash book for that month, given the transactions.

Here is the single column cash book for Davidson Ltd. for January 2024: Step 1: Set up the single column cash book format. A single column cash book has two sides: the debit side for receipts and the credit side for payments. Each side includes columns for Date, Particulars, and Amount. Step 2: Record the opening cash balance and all cash receipts on the debit side. The opening cash balance on January 1 is N4,800. Cash sales on January 20 are N3,200. Cash received from May on January 29 is N6,300. Cash received from Pat on January 31 is N7,400. Step 3: Record all cash payments on the credit side. Cash paid for purchases on January 8 is N3,000. Cash paid for rent on January 28 is N5,000. Cash paid to John O. on January 29 is N6,000. Step 4: Calculate the total receipts and total payments. Total Receipts (Debit side) = N4,800 + N3,200 + N6,300 + N7,400 = N21,700 Total Payments (Credit side) = N3,000 + N5,000 + N6,000 = N14,000 Step 5: Determine the closing cash balance. Closing Balance = Total Receipts - Total Payments Closing Balance = N21,700 - N14,000 = N7,700 Step 6: Complete the cash book by balancing it and bringing down the balance for the next period. |l|l|r|l|l|r| 3|c|Debit (Receipts) & 3|c|Credit (Payments) \\ Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 1 & Balance b/d & 4,800 & Jan 8 & Purchases & 3,000 \\ Jan 20 & Sales & 3,200 & Jan 28 & Rent & 5,000 \\ Jan 29 & May & 6,300 & Jan 29 & John O. & 6,000 \\ Jan 31 & Pat & 7,400 & Jan 31 & Balance c/d & 7,700 \\ & Total & 21,700 & & Total & 21,700 \\ Feb 1 & Balance b/d & 7,700 & & & \\ The closing cash balance for January 2024 is N7,700. That's 2 down. 3 left today — send the next one.