Prepare a three-column cash book for East-Coast Shop for July 1997, including discounts and cash and bank columns. State any assumptions made.

Here is the three-column cash book for East-Coast Shop for July 1997.

Assumptions:

• The "Cash GMD20,200" on July 2 is the same opening cash balance as "Balance b/d" on July 1.
• For July 27, "Paid for loan interest owing to Trust Bank Ltd by cash", no amount was specified. This transaction cannot be fully recorded without an amount. I will include the entry but leave the amount blank, which means the final cash balance will be incomplete.

Calculations:

• July 11 (Payments to Suppliers):
  • Molfah: GMD$3