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You are to enter up the sales, purchases and the returns inwards and returns outwards jou mals/day books from the following details, then the total of the journals are then to be tra nsferred to the relevant accounts in the general ledger.

You are to enter up the sales, purchases and the returns inwards and returns outwards jou mals/day books from the following details, then the total of the journals are then to be tra nsferred to the relevant accounts in the general ledger.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are to enter up the sales, purchases and the returns inwards and returns outwards jou rnals/day books from the following details, then the total of the journals are then to be tra nsferred to the relevant accounts in the general ledger. 2018 May Credit sales: T Thompson £56; L Rodriquez £148; K Barton £145 Credit purchases: P Potter £144; H Harris £25; B Spencer £76 Credit sales: K Kelly £89; N Mendes £78; N Lee £257 Credit Purchases: B Perkins £24; H Harris £58; H Miles £123 Goods returned by us to: P Potter £12; B Spencer £22 Goods returned to us by: T Thompson £5; K Barton £11;K Kelly £14 Credit purchases: H Harris £54; B Perkins £65: L Nixon £75. Goods returned by us to B Spencer £14 Credit sales: K Mohammed £57; K Kelly £65; O Green £112 Goods returned to us by N Mendes £24 Credit sales: N Lee £55 1 3 7 9. 11 14 17 20 24 28 31
Transcribed Image Text:You are to enter up the sales, purchases and the returns inwards and returns outwards jou rnals/day books from the following details, then the total of the journals are then to be tra nsferred to the relevant accounts in the general ledger. 2018 May Credit sales: T Thompson £56; L Rodriquez £148; K Barton £145 Credit purchases: P Potter £144; H Harris £25; B Spencer £76 Credit sales: K Kelly £89; N Mendes £78; N Lee £257 Credit Purchases: B Perkins £24; H Harris £58; H Miles £123 Goods returned by us to: P Potter £12; B Spencer £22 Goods returned to us by: T Thompson £5; K Barton £11;K Kelly £14 Credit purchases: H Harris £54; B Perkins £65: L Nixon £75. Goods returned by us to B Spencer £14 Credit sales: K Mohammed £57; K Kelly £65; O Green £112 Goods returned to us by N Mendes £24 Credit sales: N Lee £55 1 3 7 9. 11 14 17 20 24 28 31
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