B. Jones is in business as a builders' merchant. The following credit transactions took place during April

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B. Jones is in business as a builders' merchant. The following credit transactions took place during April 20X3:

1 Apr Bought goods on credit from Brick Ltd for £725

2 Apr Sold goods on credit to Oak Ltd for £410

4 Apr Bought goods costing £315 from Stone Ltd on credit

7 Apr Sold goods on credit to Pine Ltd for £870

11 Apr Bought goods costing £250 from Slate Ltd on credit

15 Apr Sold goods to Lime Ltd for £630 on credit

17 Apr Bought goods on credit from Brick Ltd for £290

19 Apr Received a credit note for £120 from Brick Ltd

22 Apr Sent Oak Ltd a credit note for £220

24 Apr Stone Ltd sent us a credit note for £75 in respect of goods returned

27 Apr Sent Pine Ltd a credit note for £360

Required

You are required to make the necessary entries in the books of prime entry and the general ledger.

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Related Book For  answer-question

Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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