James and Alvo Ltd are wholesalers of bicycles. The company buys goods from

James and Alvo Ltd are wholesalers of bicycles. 

The company buys goods from a number of bicycle manufacturers. Manufacturers offer trade discounts for large orders. 

During October 2014 the following invoices were received.


James and Alvo Ltd sell bicycles to many retailers.

During October 2014 the following invoices were issued.


Prepare the following accounting records in the books of James and Alvo Ltd:

• Purchases journal

• Sales journal

• Purchases ledger accounts

• Sales ledger accounts

• Appropriate general ledger accounts.