Question is attached in the image. You are to enter up the sales, purchases and the returns inwards and returns outwards journals/day books from the following details, then the total of the journals are then to be transferred to the relevant accounts in the general ledger.2018MayCredit sales: T Thompson £56; L Rodriquez £148; K Barton £145Credit purchases: P Potter £144; H Harris £25; B Spencer £76Credit sales: K Kelly £89; N Mendes £78; N Lee £257Credit Purchases: B Perkins £24; H Harris £58; H Miles £123Goods returned by us to: P Potter £12; B Spencer £22Goods returned to us by: T Thompson £5; K Barton £11;K Kelly £14Credit purchases: H Harris £54; B Perkins £65: L Nixon £75.Goods returned by us to B Spencer £14Credit sales: K Mohammed £57; K Kelly £65; O Green £112Goods returned to us by N Mendes £24Credit sales: N Lee £551379.11141720242831

Journal entries are passed to record each and every transaction or event in a chronological manner.…

You are to enter up the sales, purchases and the returns inwards and returns outwards jou mals/day books from the following details, then the total of the journals are then to be tra nsferred to the relevant accounts in the general ledger.

You are to enter up the sales, purchases and the returns inwards and returns outwards jou mals/day books from the following details, then the total of the journals are then to be tra nsferred to the relevant accounts in the general ledger.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 10PB: Prepare journal entries to record the following transactions. Create a T-account for Accounts...

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Question

Question is attached in the image.

You are to enter up the sales, purchases and the returns inwards and returns outwards jou
rnals/day books from the following details, then the total of the journals are then to be tra
nsferred to the relevant accounts in the general ledger.
2018
May
Credit sales: T Thompson £56; L Rodriquez £148; K Barton £145
Credit purchases: P Potter £144; H Harris £25; B Spencer £76
Credit sales: K Kelly £89; N Mendes £78; N Lee £257
Credit Purchases: B Perkins £24; H Harris £58; H Miles £123
Goods returned by us to: P Potter £12; B Spencer £22
Goods returned to us by: T Thompson £5; K Barton £11;K Kelly £14
Credit purchases: H Harris £54; B Perkins £65: L Nixon £75.
Goods returned by us to B Spencer £14
Credit sales: K Mohammed £57; K Kelly £65; O Green £112
Goods returned to us by N Mendes £24
Credit sales: N Lee £55
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31

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