On 1 1 May 2 0 2 0 X 9 9 Marshall's cash book showed a cash

On $1$ May $20$X$9$ Marshall's cash book showed a cash balance of $$224$ and an overdraft of $$336.$During the week ended $6$ May the following transactions took place.May $1$ Sold $$160$ of goods to P Dixon on credit.May $1$ Withdrew $$50$ of cash from the bank for business use.May $2$ Purchased goods from A Clarke on credit for $$380$ less $15\%$ trade discount.May $2$ Repaid a debt of $$120$ owing to R Hill, taking advantage of a $10\%$ cash discount. The $57$payment was by cheque.May $3$ Sold $$45$ of goods for cash.May $4$ Sold $$80$ of goods to M Maguire on credit, offering a $121/2\%$ discount if payment made within $7$ days.May $4$ Paid a telephone bill of $$210$ by cheque.May $4$ Purchased $$400$ of goods on credit from D Daley.May $5$ Received a cheque from H Larkin for $$180.$ Larkin has taken advantage of a $$20$ cash discount offered to him.May $5$ Sold $$304$ of goods to M Donald on credit.May $5$ Purchased $$135$ of goods from Honour Co by cheque. May $6$ Received a cheque from D Randle for $$482.$May $6$ Purchased $$100$ of goods on credit from G Perkins.

REQUIRED:

$(1)$What is the total of the sales day book?

$(2)$What is the total of the purchases day book?

Answer rating: 100% (QA)

The Sales Day Book is a book or record that contains all the sales invoices for a period Its used to ... View the full answer