Accounts

Fundamentals of Accounting Purchases, Sales and Return Journals pass 1 A. Henrique has the following purchases and gross gross revenue for may 2006: 2006 June1 sell to M muster: brass goods $24, bronze items $36. little(prenominal) 25 per penny traffic send packing June 7 Sold to R Richards: tin goods $79, entice items $230. less(prenominal) 33 1/3 per cent implication June 9 Bought from C Clarke: tin goods $400. Less 40 per cent calculate 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 stain the items to the personal Accounts position the totals of the day books to the sales and purchases accounts Question 1 2006 whitethorn 1 assurance sales: T. Thompson $56; L. Rodriquez $148; K. Barton $ cxlv 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 side $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. G reen $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 pass along to get a full essay, order it on our website: BestEssayCheap.com

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