The following balances were available from the books of Priya on 1 April 2015. Putil $3000 credit Wages $1750 debit The following transactions took place in April 2015. April 5 Paid Putil half of his outstanding balance on 1 April by cheque, less 2% cash discount April 8 Bought goods on credit from Putil, $800, less 20% trade discount April 19 Paid wages in cash $450 April 23 Returned goods, list price $200, purchased on 8 April April 26 Sold a non-current asset at book value, $2000, on credit

1. (a)Complete the following table. The first item has been completed as an example. Where the owner's capital is not affected, write 'No effect'. Date Transaction Source document Book of prime entry Effect on owner's capital $ April 5 Paid Putil half of his outstanding balance on 1 April by cheque, less 2% cash discount Cheque counterfoil Cash book +30 April 8 Bought goods on credit from Putil, $800, less 20% trade discount April 19 Paid wages in cash $450 April 23 Returned goods, list price $200, purchased on 8 April April 26 Sold a non-current asset at book value, $2000, on credit[12]
2. (b)Prepare the account of Putil for the month of April 2015. Balance the account and bring down the balance on 1 May 2015. Putil account Date Details $ Date Details $[5]
3. (c)Priya prepared her income statement on 30 April 2015. She calculated that wages, $150, were prepaid at that date. REQUIRED Prepare the wages account for the month of April 2015 including the transfer to the income statement. Balance the account and bring down the balance on 1 May 2015. Wages account Date Details $ Date Details $[3]