Rowland has the following purchases for the month of June 2008. 2008 June 2 From C....

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Rowland has the following purchases for the month of June 2008. 2008 June 2 From C. Lee: 2 sets golf clubs at $250 each, 5 footballs at $20 each. Less 25% trade discount (ledger p. 300). June 11 June 18 From M. Elliott: 6 cricket bats at $20 each, 6 roller skates at $30 each. 4 rugby balls at $25 each. Less 25% trade discount (ledger p. 215). From B. Wong: 6 sets golf trophies at $100 each, 4 sets golf clubs at $300. Less 33%, trade discount (ledger p. 89). June 25 From B. Parkinson: 5 cricket bats at $40 each. Less 25% trade discount (ledger p. 75), June 30 From N. Francis: 8 goal posts at $70 each. Less 25% trade discount (ledger p. 184). Required: (a) Enter up page 207 of the purchases day book for the month. (b) Post the items to the suppliers' accounts. (c) Transfer the total to the purchases account, page 33, of the general ledger. (d) Show all folio numbers. Rowland has the following purchases for the month of June 2008. 2008 June 2 From C. Lee: 2 sets golf clubs at $250 each, 5 footballs at $20 each. Less 25% trade discount (ledger p. 300). June 11 June 18 From M. Elliott: 6 cricket bats at $20 each, 6 roller skates at $30 each. 4 rugby balls at $25 each. Less 25% trade discount (ledger p. 215). From B. Wong: 6 sets golf trophies at $100 each, 4 sets golf clubs at $300. Less 33%, trade discount (ledger p. 89). June 25 From B. Parkinson: 5 cricket bats at $40 each. Less 25% trade discount (ledger p. 75), June 30 From N. Francis: 8 goal posts at $70 each. Less 25% trade discount (ledger p. 184). Required: (a) Enter up page 207 of the purchases day book for the month. (b) Post the items to the suppliers' accounts. (c) Transfer the total to the purchases account, page 33, of the general ledger. (d) Show all folio numbers. Rowland has the following purchases for the month of June 2008. 2008 June 2 From C. Lee: 2 sets golf clubs at $250 each, 5 footballs at $20 each. Less 25% trade discount (ledger p. 300). June 11 June 18 From M. Elliott: 6 cricket bats at $20 each, 6 roller skates at $30 each. 4 rugby balls at $25 each. Less 25% trade discount (ledger p. 215). From B. Wong: 6 sets golf trophies at $100 each, 4 sets golf clubs at $300. Less 33%, trade discount (ledger p. 89). June 25 From B. Parkinson: 5 cricket bats at $40 each. Less 25% trade discount (ledger p. 75), June 30 From N. Francis: 8 goal posts at $70 each. Less 25% trade discount (ledger p. 184). Required: (a) Enter up page 207 of the purchases day book for the month. (b) Post the items to the suppliers' accounts. (c) Transfer the total to the purchases account, page 33, of the general ledger. (d) Show all folio numbers. Rowland has the following purchases for the month of June 2008. 2008 June 2 From C. Lee: 2 sets golf clubs at $250 each, 5 footballs at $20 each. Less 25% trade discount (ledger p. 300). June 11 June 18 From M. Elliott: 6 cricket bats at $20 each, 6 roller skates at $30 each. 4 rugby balls at $25 each. Less 25% trade discount (ledger p. 215). From B. Wong: 6 sets golf trophies at $100 each, 4 sets golf clubs at $300. Less 33%, trade discount (ledger p. 89). June 25 From B. Parkinson: 5 cricket bats at $40 each. Less 25% trade discount (ledger p. 75), June 30 From N. Francis: 8 goal posts at $70 each. Less 25% trade discount (ledger p. 184). Required: (a) Enter up page 207 of the purchases day book for the month. (b) Post the items to the suppliers' accounts. (c) Transfer the total to the purchases account, page 33, of the general ledger. (d) Show all folio numbers.

Answer rating: 100% (QA)

C Lees total purchase Golf clubs 2 250 500 Footballs 5 20 100 Total 500 100 600 Less 25 trade discou... View the full answer