You are to enter the following items in the books, post to personal accounts, and show the transfers to the General Ledger.  Balance all accounts. 2009 July      1          Credit purchases form: K Hill $380; M Norman $500; N Senior $106.             3          Credit sales to: E Rigby $510; E Phillips $246; F Thompson $356.             5          Credit purchases from: R Morton $200; J Cook $180; D Edwards $410; C Davies $66.             8          Credit sales to:  A Green $307; H George $250; J Ferguson $185.             12        Returns outwards to: M Norman $30; N Senior $16.             14        Return inwards from: E Phillips $18; F Thompson $22.             20        Credit sales to: E Phillips $188; F Powell $310; E Lee $420.             24        Credit purchases from: C Ferguson $550; K Ennevor $900.             31        Return inwards from:  E Phillips $27; E Rigby $30.             31        Return outwards to: J Cook $13; C Davies $11.

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 18E: Happy Tails Inc. has a September 1, 20Y4, accounts payable balance of 620, which consists of 320 due...
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You are to enter the following items in the books, post to personal accounts, and show the transfers to the General Ledger.  Balance all accounts.

2009

July      1          Credit purchases form: K Hill $380; M Norman $500; N Senior $106.

            3          Credit sales to: E Rigby $510; E Phillips $246; F Thompson $356.

            5          Credit purchases from: R Morton $200; J Cook $180; D Edwards $410; C Davies $66.

            8          Credit sales to:  A Green $307; H George $250; J Ferguson $185.

            12        Returns outwards to: M Norman $30; N Senior $16.

            14        Return inwards from: E Phillips $18; F Thompson $22.

            20        Credit sales to: E Phillips $188; F Powell $310; E Lee $420.

            24        Credit purchases from: C Ferguson $550; K Ennevor $900.

            31        Return inwards from:  E Phillips $27; E Rigby $30.

            31        Return outwards to: J Cook $13; C Davies $11.

 

 

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