A Henriques has the following purchases and sales for May 20X6: Required: (a) Write up the sales
Question:
A Henriques has the following purchases and sales for May 20X6:
Required:
(a) Write up the sales and purchases day books.
(b) Post the items to the personal accounts.
(c) Post the totals of the day books to the sales and purchases accounts.
Transcribed Image Text:
20X6 "1 May 1 Sold to M Marshall: brass goods £24, bronze items £36. Less 25 per cent trade discount. Sold to R Richards: tin goods £70, lead items £230. Less 33 per cent trade discount. Bought from C Clarke: tin goods £400. Less 40 per cent trade discount. "1 7 9
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Lets start by organizing the information into the appropriate day books personal accounts and salesp...View the full answer
Answered By
Deepankur Keserwani
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
C Phillips, a sole trader specialising in material for Asian clothing, has the following purchases and sales for March 20X9: Required: (a) Prepare the purchases and sales day books of C Phillips from...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Define (2x 1) 9 f(x) = x + 1 for x = -1. 1. Is f a continuous function? 2. What value should we assign to f(-1) in order to make f a function continuous on R?
-
Three friends are choosing a restaurant for dinner. Here are their preferences: a. If the three friends use a Borda count to make their decision, where do they go to eat? b. On their way to their...
-
Clearwater Paper Corporation manufactures paperboard, consumer tissue, and wood products. Refer to the 2008 financial statements and related disclosure notes of the company. The financial statements...
-
Futility of treatment occurs when a physician recognizes that the effect of continuing treatment will be of no benefit to the patient. Morally, there is a duty to inform the patient when there is...
-
2. Sioux Falls purchased an automobile by issuing a $25,000, 8 percent note to the vendor. The purchase occurred at midyear, and the note is a one-year note.
-
You are in charge of a new product launch. This will be a formal press launch, where the product is introduced by your managing director and the press and major customers have the opportunity to see...
-
National Corporation needs to set a target price for its newly designed product M14M16. The following data relate to this new product. Per Unit Total Direct materials $23 Direct labor $41 Variable...
-
A Jones has the following credit purchases and credit sales for May: Required: (a) Write up sales and purchases day books. (b) Post the items to the personal accounts. (c) Post the totals of the day...
-
J Glen has the following purchases for the month of June 20X9: Required: (a) Enter up the purchases day book for the month. (b) Post the items to the suppliers accounts. (c) Transfer the total to the...
-
Suppose a small resistance R is added in series to the LC circuit of Problem 38.3. Assume that Q(t) has the form Q(t) = Q? (t) cos ?t, where Q?(t) is a slowly changing function that would be constant...
-
21. How a degradation process is modeled? 22.Give the homogenity property in Linear Operator 23. Give the relation for degradation model for continuous function 24.which is called the superposition...
-
28. Define Gray-level interpolation 29. What is meant by Noise probability density function? 30. Why the restoration is called as unconstrained restoration? 31. Which is the most frequent method to...
-
34. Give the relation for guassian noise 35. Give the relation for rayleigh noise 36. Give the relation for Gamma noise 37. Give the relation for Exponential noise 38. Give the relation for Uniform...
-
41. What is pseudo inverse filter? 42. What is meant by least mean square filter? 43. Give the difference between Enhancement and Restoration PART-B 1. Discuss different mean filters
-
1.Discuss different mean filters 2. Draw the degradation model and explain. 3.Write short notes on Median Filters
-
Joan Simpson, the owner of City Designs, is selling the business. She offers the trial balance below to prospective buyers. Your best friend is considering buying City Designs. She seeks your advice...
-
Find the center of mass of a thin triangular plate bounded by the y-axis and the lines y = x and y = 2 - x if (x, y) = 6x + 3y + 3.
-
Black and Blue Ltd depreciates its forklift trucks using a reducing balance rate of 30 percent. Its accounting year end is 30 September. On 30 September 20X6, it owned four forklift trucks: (A)...
-
A company starts in business on 1 January 20X3, the financial year end being 31 December. You are to show: (a) The machinery account. (b) The provision for depreciation account. (c) The balance sheet...
-
A company starts in business on 1 January 20X5. You are to write up the vans account and the provision for depreciation account for the year ended 31 December 20X5 from the information given below....
-
Problem 12.6A (Algo) Liquidation of a partnership LO P5 Kendra, Cogley, and Mel share income and loss in a 3.21 ratio (in ratio form: Kendra, 3/6: Cogley, 2/6; and Mel, 1/6), The partners have...
-
Melody Property Limited owns a right to use land together with a building from 2000 to 2046, and the carrying amount of the property was $5 million with a revaluation surplus of $2 million at the end...
-
Famas Llamas has a weighted average cost of capital of 9.1 percent. The companys cost of equity is 12.6 percent, and its cost of debt is 7.2 percent. The tax rate is 25 percent. What is the companys...
Study smarter with the SolutionInn App