Murgatroyd had the following transactions, all on credit, in March. Required Enter the transactions for March in
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Murgatroyd had the following transactions, all on credit, in March.
Required
Enter the transactions for March in Murgatroyd's books of prime entry and post them in good form to the proper accounts.
Transcribed Image Text:
March 1 Purchased goods from Tikolo for $10 000 less trade discount of 20%. Tikolo allowed him 5% cash discount. Wed 4 Sold goods to Snyman for $1200 less trade discount of 10%. He allowed Snyman 4% cash discount. 6 Purchased goods from Walters for $8000 less trade discount of 10%. Walters allowed Murgatroyd 5% cash discount. 10 Sold goods to Karg for $2500 less trade discount of 10%. He allowed Karg 4% cash discount. 11 Snyman returned goods which had cost him $200. 12 Returned goods which had cost $400 to Tikolo. UAVIRGE 13 Purchased goods from Burger for $7000 less trade discount of 25%. Burger allowed him cash discount of 4%. 17 Sold goods to Kotze for $3000 less trade discount of 10%. He allowed Kotze 5% cash discount. 18 Purchased goods from Tikolo for $6000 less trade discount of 20%. Tikolo allowed him 5% cash discount. 20 Karg returned goods which had cost him $300. 22 Returned to Burger goods which had cost $1000. 25 Sold goods to Snyman for $1800 less trade discount of 10%. Murgatroyd allowed Snyman 5% cash discount. 31 Received cheques from Snyman, Karg and Kotze respectively in full settlement of their accounts, and sent cheques in full settlement of their accounts to Tikolo, Walters and Burger.
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