Stated on the right are the credit sales and customer returns of Joe Prentice, a wholesaler, in January 2010. He requests you to:

(a) Record them in an appropriate books of prime entry.

(b) Post them correctly to the ledger accounts (he is agreeable to your posting monthly totals to nominal accounts).

(c) Show how the accounts reporting these transactions will appear on the Trial Balance extracted from Joe’s books on 31 January.

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Date Voucher 2.1 Inv484 4.1 Inv485 7.1 Inv486 9.1 CN14 11.1 Inv487 12.1 Inv488 14.1 CN15 16.1 Inv489 19.1 CN16 22.1 Inv490 25.1 Inv491 29.1 Inv492 Customer S. Ally Peter Gill Jane Butt Peter Gill S. Ally Bob Smith S. Ally Sally John Bob Smith Jane Butt S. Ally Peter Gill Sales Returns £14,500 £6,800 £11,200 - £6,200 £3,600 - £5,400 £3,200 £2,600 £2,900 - £1,400 - £2,200 £400