Accounts

Fundamentals of Accounting Purchases, Sales and Return Journals pass 1 A. Henrique has the following purchases and sales for whitethorn 2006: 2006 June1 sell to M circulate: brass goods $24, bronze items $36. less(prenominal)(prenominal) 25 per penny traffic provoke June 7 Sold to R Richards: tin goods $79, entice items $230. slight 33 1/3 per cent discount rate June 9 Bought from C Clarke: tin goods $400. Less 40 per cent cerebrate 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 stance the items to the personal Accounts transmit 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 $one hundred forty-five 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 $5 7; K Kelly $65; O. Green $112 May 28 Good! s 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 indicate to get a full essay, order it on our website: OrderCustomPaper.com

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