Prepare a three-column cashbook for Kieni Traders for May 2022, including discounts.

Here is the duly balanced three-column cashbook for Kieni Traders for the month of May 2022. Kieni Traders \\ Three Column Cashbook \\ For the month of May 2022 | Date | Details | Folio | Discount Allowed (Shs.) | Cash (Shs.) | Bank (Shs.) | Date | Details | Folio | Discount Received (Shs.) | Cash (Shs.) | Bank (Shs.) | | :--- | :---------------- | :---- | -----------------------: | ----------: | ----------: | :--- | :---------------- | :---- | ------------------------: | ----------: | ----------: | | 2022 | | | | | | 2022 | | | | | | | May 1 | Balance b/d | | | 25,000.00 | | May 1 | Balance b/d | | | | 15,000.00 | | May 3 | Kipkirui | | 2,000.00 | | 10,000.00 | May 5 | Rent | | | 5,000.00 | | | May 6 | Bank (C) | C | | | 2,000.00 | May 6 | Cash (C) | C | | 2,000.00 | | | May 8 | Kamau | | | 6,000.00 | | May 15 | Furniture | | | | 2,000.00 | | May 10 | Wanjiku | | 3,000.00 | | 12,000.00 | May 25 | Bank (C) | C | | 34,732.50 | | | May 16 | Capital | | | | 7,000.00 | | | | | | | | May 23 | Kertich | | 380.00 | 7,220.00 | | | | | | | | | May 23 | Brian | | 237.50 | 4,512.50 | | | | | | | | | May 25 | Cash (C) | C | | | 34,732.50 | | | | | | | | | | | | | | May 31 | Balance c/d | | | 1,000.00 | 48,732.50 | | Totals | | | 5,617.50 | 42,732.50 | 65,732.50 | Totals | | | 0.00 | 42,732.50 | 65,732.50 | | June 1 | Balance b/d | | | 1,000.00 | 48,732.50 | | | | | | | Explanation of calculations: May 1: Opening cash balance is debited. Opening bank overdraft is credited. May 3: Kipkirui settled an account of Sh 12,000 by cheque of Sh 10,000. This means a discount of Sh 2,000 (12,000 - 10,000) was allowed. The bank account is debited with Sh 10,000, and discount allowed is debited with Sh 2,000. May 5: Rent paid by cash is a cash outflow, so the cash account is credited. May 6: Cash deposited into the bank is a contra entry (C). Cash account is credited, and bank account is debited. May 8: Cash received from Kamau is a cash inflow, so the cash account is debited. May 10: Wanjiku settled an account of Sh 15,000 with a 20% discount. Discount allowed = $0.20 × 15,000 = Sh 3,