Prepare the sales ledger control account and the individual credit customer's accounts for the month of November
Question:
Prepare the sales ledger control account and the individual credit customer's accounts for the month of November 20X2 from the details provided below.
Balances in sales ledger .................................................. £
1 November 20X2 ................... Boycey ......................... 200
........................................... Del Boy ...................... 100
............................................. Rachel ...................... 100
........................................... Rodney ....................... 150
............................................................................. 550
Cash book (receipts side)
.................................... Discount allowed .......................................................
.............................................. £ ............. Amount received from credit customers £
8 Nov ......... Boycey .................... 20 .................................. 180
11 Nov......... Rodney ................... 15 ................................... 135
1A Nov ....... Del Boy ................... 10 .................................... 90
............................................... 45 .................................... 405
Credit soles .......................................................................... £
8 Nov ....................... Boycey .............................................. 320
11 Nov .......................Rodney ............................................. 250
14 Nov ....................... Del Boy ............................................. 80
....................................................................................... 650
Sales returns ............................................................. £
16 Nov ........................... Boycey ............................ 70
It was decided that Rachel would not pay her debt as she is away in America pursuing her singing career and cannot be contacted?
Step by Step Answer:
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas