You are provided with the following details about a company's credit customers for the month of November.
Question:
You are provided with the following details about a company's credit customers for the month of November.
Balances in sales ledger
..............................................................................£
1 November 20x2Boycey...............................200
Del Boy...............................100
Rachel................................100
Rondney.............................150
____________________________________________550
Credit sales
..............................................................................£
8 Nov..............................boycey.....................320
11Nov..............................Rodney....................250
14Nov..............................Del boy.....................80
_____________________________________________650
Sales returns
...............................................................................£
16Nov..............................boycey.......................70
Required
You are required to update the sales ledger accounts highlighting the balances to be carried down on 1 December and prepare the general ledger accounts to reflect November's transactions.
Step by Step Answer:
Introduction To Financial Accounting
ISBN: 978-0077138448
7th edition
Authors: Anne Marie Ward, Andrew Thomas