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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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