Prepare a three-column cash book for KAAKYIRE for June 20X4, detailing discount allowed, cash, and bank transactions.

Here is the three-column cash book for KAAKYIRE for the month of June, 20X4: Three-Column Cash Book | Date | Particulars | Folio | Discount Allowed (GH¢) | Cash (GH¢) | Bank (GH¢) | Date | Particulars | Folio | Discount Received (GH¢) | Cash (GH¢) | Bank (GH¢) | | :-------- | :---------------------- | :---- | :--------------------- | :--------- | :--------- | :-------- | :-------------------- | :---- | :---------------------- | :--------- | :--------- | | Jun 1, 20X4 | Balance b/d | | | 5,000 | 10,000 | Jun 5, 20X4 | Supplier | | | | 500 | | Jun 3 | Sales | | | 1,000 | 1,000 | Jun 10 | Creditor | | 200 | | | | Jun 15 | Customer | | 50 | | 3,000 | Jun 12 | Rent Expense | | | 1,000 | | | Jun 20 | Bank (C) | | | 2,000 | | Jun 20 | Cash (C) | | | | 2,000 | | Jun 30 | Customer | | 20 | 500 | | Jun 25 | Salaries Expense | | | 1,500 | | | | | | | | | Jun 30 | Balance c/d | | | 6,000 | 11,500 | | | Total | | 70 | 8,500 | 14,000 | | Total | | 200 | 8,500 | 14,000 | | Jul 1, 20X4 | Balance b/d | | | 6,000 | 11,500 | | | | | | | Explanation of entries: June 1: Opening balances for Cash and Bank are recorded on the debit side. June 3: Cash sales (GH¢1,000) and bank sales (GH¢1,000) are recorded on the debit side. June 5: Payment to a supplier by cheque (GH¢500) is recorded on the credit side in the Bank column. June 10: Discount received (GH¢200) is recorded on the credit side in the Discount Received column. June 12: Rent paid in cash (GH¢1,000) is recorded on the credit side in the Cash column. June 15: Bank receipt from a customer (GH¢3,000) is recorded on the debit side in the Bank column, and the discount allowed (GH¢50) is recorded in the Discount Allowed column. June 20: This is a contra entry. Cash withdrawn from the bank for office use (GH¢2,000) increases cash (debit Cash, credit Bank). June 25: Salaries paid in cash (GH¢1,500) are recorded on the credit side in the Cash column. June 30: Cash received from a customer (GH¢500) is recorded on the debit side in the Cash column, and the discount allowed (GH¢20) is recorded in the Discount Allowed column. June 30: The Cash and Bank columns are balanced. The Balance c/d* (carried down) is placed on the credit side to make the totals equal. July 1: The Balance b/d* (brought down) is recorded on the debit side for the next month. The final cash balance for June 20X4 is GH¢6,000 and the final bank balance is GH¢11,500. Got more? Send 'em.