Answered: ned to Polk by: J W ner van on credit f… | bartleby

Century 21 Accounting General Journal

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 3AP

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Post to ledger

May 2009
1 Assets: Premises £34,000; Van £5,125; Fixtures £810; Stock £6,390. Debtors:P Mullea
£140; F Lane £310. Cash at bank £6,240; Cash in hand £560. Liabilities: Creditors: S Hood
£215; J Brown £460.
1 Paid storage costs by cheque £40.
2 Goods bought on credit from: S Hood £145; D Main £206; W Tone £96; R Foot £61.
3 Goods sold on credit to: J Wilson £112; T Cole £164; F Syme £208; J Allen £91; P White
£242; F Lane £77.
4 Paid for motor expenses in cash £47.
7 Cash drawings by proprietor £150.
9 Goods sold on credit to: T Cole £68; J Fox £131.
11 Goods returned to Polk by: J Wilson £27; F Syme £41.
14 Bought another van on credit from Abel Motors Ltd £4,850.
16 The following paid Polk their accounts by cheque less 5 per cent cash discount: P Mullen;
F Lane; J Wilson; F Syme.
19 Goods returned by Polk to R Foot £6.
22 Goods bought on credit from: L Mole £183; W Wright £191.
24 The following accounts were settled by Polk by cheque less 5 per cent cash discount:
S Hood; J Brown; R Foot.
27 Salaries paid by cheque £480.
30 Paid business rates by cheque £132.
31 Paid Abel Motors Ltd a cheque for £4,850

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