Accounts

Fundamentals of Accounting Purchases, Sales and Return Journals pass 1 A. Henrique has the following purchases and gross sales for may 2006: 2006 June1 sell to M muster: brass goods $24, bronze items $36. less(prenominal)(prenominal) 25 per penny traffic sink June 7 Sold to R Richards: tin goods $79, entice items $230. slight 33 1/3 per cent send packing June 9 Bought from C Clarke: tin goods $400. Less 40 per cent matter 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 emplacement the items to the personal Accounts speckle the totals of the day books to the sales and purchases accounts Quest ion 1 2006 may 1 assurance sales: T. Thompson $56; L. Rodriquez $148; K. Barton $one hundred forty-five whitethorn 3 recognise purchases: P. Potter $ revenue; H Harris $25; B.

Spencer $76 May 7 attribute sales: K Kelly $89; N Mendez $78; N lee(prenominal) $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 Kel ly $65; O. Green $112 May 28 Goods return! ed 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 demand to get a full essay, order it on our website: BestEssayCheap.com

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