Prepare the sales ledger control account and the individual credit customers accounts for the month of November
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Prepare the sales ledger control account and the individual credit customer’s accounts for the month of November 20X9 from the details provided below.
It was decided that Rachel would not pay her debt as she is away in America pursuing her singing career and cannot be contacted.
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Balances in sales ledger 1 November 20X9 Cash book (receipts side) 8 Nov 11 Nov 14 Nov Credit sales 8 Nov 11 Nov 14 Nov Boycey Rodney Del Boy Sales returns 16 Nov Boycey Del Boy Rachel Rodney Discount allowed £ 20 16558 10 45 Boycey Rodney Del Boy Boycey £ 200 100 100 150 550 Amount received from credit customers £ 180 135 90 405 £ 320 250 80 650 £ 70
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Sales Ledger Control Account Date Details Credit Debit Nov 1 Balance bf 200 Nov 8 Boycey 20 Nov 11 B...View the full answer
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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