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Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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
Transcribed Image Text:Accounting
A. Jack has the following
purchases for the
month of may
2012
May
1
From D. Pope 4 DVDs at R6Q, each, 3
units
R240 each
for
May
mini-hi-fi
less 20% trade discount.
3 from Floyd: 2 washing machines at R280 each,
R80 each
2 dish washers at R200 each
less 20% trade discount.
5 vacuum cleaners at
May 15 from B. Sonkey: 1 Hi-Fi units at 2600
2
washing
machines at 320 each
less 25% trade discount
May 20 From J. Wilson 6 CD/Radios at R45 each
less 3% trade discount
May 30 from R. Freer: 4 dishwashers at R240 each
Required
less 20% trade discount
1. Enter up the purchases day book for the month
2. Post the transactions to the supplier's account
3. Transfer the transactions to the purchases account.
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