B. Jones is in business as a builders' merchant. The following credit transactions took place during April
Question:
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.
Step by Step Answer:
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas