Omar owns a wholesale business supplying computer accessories to retailers in the region. His business's trial balance on 1 November was as follows.

During November 2014 the following transactions occurred.

Prepare the following:

• General journal

• Three-column cash book

• Purchases journal

• Sales journal

• Returns outwards journal

• Returns inwards journal

• Purchases ledger accounts

• Sales ledger accounts

• General ledger accounts

• Trial balance dated 30 November 2014.

Transcribed Image Text:

Trial balance at 1 November 2014 Dr Cr $ Bank overdraft 1 480 Capital 103 560 Cash 440 Disccunts allowed 1320 Discounts received 1 890 Drawings Furniture and equipment 37 320 180 000 Operating expenses 45 360 Purchases 578 270 Retuns inwards 4 890 Returns outwards 5 130 Sales 732 340 Trade payables LDZ Ltd 4 500 M Chin Ltd 3 200 Trade receivables Oldbridge Retail Unit 2 800 Peterson Stores 1700 852 100 852 100