Accounts

Fundamentals of Accounting
Purchases, Sales and Return Journals
pass 1
A. Henrique has the following purchases and sales for May 2006:
2006
June1 sell to M marshal: brass goods $24, bronze items $36. less(prenominal) 25 per penny traffic dismiss
June 7 Sold to R Richards: tin goods $79, entice items $230. Less 33 1/3 per cent discount
June 9 Bought from C Clarke: tin goods $400. Less 40 per cent consider discount
June 16 Bought from A Charles: copper goods $320. Less 50 per cent trade discount
June 23 Sold to T Young: tin goods $50, brass items $70, lead figures $80. exclusively less 20 per cent trade
discount
June 31 Bought from M Nelson: brass figures $100. Less 50 per cent trade discount
Required:
spare up the sales and purchases daylight books
Post the items to the personal Accounts
Post the totals of the day books to the sales and purchases accounts
Question 1
2006
May 1 assurance sales: T. Thompson $56; L. Rodriquez $148; K. Barton $145
May 3 recognise purchases: P. Potter $ revenue; H Harris $25; B.



Spencer $76
May 7 attribute sales: K Kelly $89; N Mendez $78; N Lee $257
May 9 Credit purchases: B Perkins $24; H Harris $58; H Miles $123
May 11 Goods returned by us to: P Potter $12; B Spencer $22
May 14 Goods returned to us by: T Thompson $5; K Barton $11; K. Kelly $14
May 17 Credit purchases: H Harris $54; B Perkins $65; L Nixon $75
May 20 Goods returned by us to B Spencer $14
May 24 Credit sales: K Mohammed $57; K Kelly $65; O. Green $112
May 28 Goods returned to us by N Mendes $24
May 31 Credit sales: N Lee $55
Required:
Write up sales, purchases, return inwards and return outwards day book.
Post the items to the personal accounts
Post the totals of the day books to the sales and purchases accountsIf you indirect request to get a full essay, order it on our website: Orderessay



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