Redraft each of the accounts given in your answer to 5.2 in three-column ledger style accounts. 5.2
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Redraft each of the accounts given in your answer to 5.2 in three-column ledger style accounts.
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5.2 Enter the following in the appropriate creditors' accounts (i.e. your suppliers' accounts) only. Do not write up the other accounts. Then balance off each of these personal accounts at the end of the month. (Keep your answer, it will be used as the basis for question 5.4.) 20x8 June 1 Purchases on credit from J Saville 240; P Todd 390; J Fry 810. " 3 Purchases on credit from P Todd 470; J Mehan 1,450. " 31 "1 "1 10 We returned goods to J Fry 82; J Saville 65. 15 Purchases on credit from J Saville 210. 19 We paid J Mehan by cheque 1,450. 28 We paid J Saville by cash 300. 30 We returned goods to P Todd 39.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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