Streak had the following transactions in March. Required Post the transactions listed above in Streak's books in
Question:
Streak had the following transactions in March.
Required
Post the transactions listed above in Streak's books in good form.
Transcribed Image Text:
Mar 1 Sold goods to Blignaut for $2500 less trade discount of 10%, and allowed. I allowed him cash discount of 4%. Station of less trade discou 4 Sold goods to Ebrahim for $4000 less trade discount of 15%, and allowed him cash discount of 5%. 6 Ebrahim returned goods which had cost him $200. 8 Sold goods to Friend for $3200 less trade discount of 20%, and allowed him cash discount of 5%. 12 Sold goods to Flower for $2000 less trade discount of 10%, and e allowed him cash discount of 4%. 14 Flower returned goods which had cost him $350. 15 Blignaut, Ebrahim, Friend and Flower settled their accounts by cheque, each taking advantage of cash discount.
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Date Transaction Debit Credit Mar 1 Sold goods to Blignaut for 2500 less trade discount of 10 and al...View the full answer
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