Q1) Look at the accounts below and enter the following transaction:      
                 
  We pay Abe books the amount owing on 28 May      
  We pay by cheque and they give us a discount of   5 %  
                 
  Enter the discount transaction first followed by the payment transaction.    
                 
  Bank    
    £   £    
  1 Capital 50000 14 Abe Books 250    
     
                 
     
    £   £    
  10 Returns Out 80 2 Purchases 350    
  14 Bank 5 Purchases 350    
  12 Purchases 480    
  18 Purchases 250    
                 
  Discount Received    
    £   £    
     
     
               
Q2) Look at the accounts below and enter the following transaction:      
                 
  We pay Harper books the amount owing on 30 May      
  We pay by cheque and they give us a discount of   10 %  
                 
  Enter the discount transaction first followed by the payment transaction.    
                 
  Bank    
    £   £    
  1 Capital 50000 14 Harper 340    
     
                 
     
    £   £    
  10 Returns Out 80 2 Purchases 780    
  14 Bank 5 Purchases 850    
  12 Purchases 500    
  18 Purchases 2300    
                 
  Discount Received    
    £   £    
     
     
               
Q3) Look at the accounts below and enter the following transaction:      
                 
  A debtor pays the ammount owed on 30 May in cash.    
  Since payment is in cash, we offer her a discount on the amount owing: 5 %  
                 
  Enter the discount transaction first followed by the payment transaction.    
                 
  Cash    
    £   £    
  17 A Rand 150    
  27 A Rand 120    
     
                 
  A Rand    
    £   £    
  4 Sales 240 12 Returns In 50    
  8 Sales 320 17 Cash 150    
  15 Sales 180 24 Returns In 40    
  20 Sales 40 27 Cash 120    
  21 Sales 200    
     
                 
  Discount Allowed    
    £   £    
     
     
               
Q4) Look at the accounts below and enter the following transaction:      
                 
  A debtor pays the ammount owed on 30 May in cash.    
  Since payment is in cash, we offer him a discount of £10      
                 
  Enter the discount transaction first followed by the payment transaction.    
                 
  Cash    
    £   £    
  27 R Deckard 50    
     
                 
  R Deckard    
    £   £    
  4 Sales 45 12 Returns In 20    
  8 Sales 75 24 Returns In 40    
  15 Sales 25 27 Cash 50    
  20 Sales 15    
  21 Sales 60    
     
               
  Discount Allowed    
    £   £