Adeel's transactions for the month of April were as follows. Required (a) Enter all the transactions for
Question:
Adeel's transactions for the month of April were as follows.
Required
(a) Enter all the transactions for April into the books of prime entry.
(b) Post the books of prime entry to the ledger accounts.
Transcribed Image Text:
April 1 Bought goods from Bilal for $3000 less 20% trade discount. Bilal allowed Adeel 5% cash discount. 2 Sold goods to Imran for $800 less 10% trade discount. He allowed Imran 5% cash discount. 3 Bought goods from Asad for $1300 less 20% trade discount. Asad allowed Adeel 5% cash discount. 5 Purchased a delivery van on credit from Syed for $6000. The invoice for the van was no. 324. 8 Returned goods which had cost $100 to Bilal. 10 Sold goods to Raza for $1100 less 20% trade discount. He allowed Raza 5% cash discount. SHE 13 Imran returned goods which had cost him $60. EVERTE 15 Purchased goods from Asma for $4000 less 25% trade discount. Asma allowed Adeel 5% cash discount. 16 Sold goods to Amna for $1500 less 20% trade discount. He allowed Amna 5% cash discount. houby 17 Sold goods to Raza for $1600 less 20 20% trade discount. He allowed Raza 5% cash discount. orie doum wob 21 Returned goods which had cost him $600 to Asma.80 A
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Books of Prime Entry Date Description of Transaction Debit Credit April 1 Bought goods from Bilal Purchases 3000 Trade Discount Allowed 20 of 3000 600 Cash Discount Received 5 of 3000 150 April 2 Sold ...View the full answer
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