C Taylor, a wholesale dealer in electrical goods, has three departments:

(a) Hi Fi,

(b) TV, and

(c) Sundries. The following is a summary of Taylor’s sales invoices during the period 1 to 7 February 20X7:

(a) Record the above transactions in a columnar book of original entry and post to the general ledger in columnar form.

(b) Write up the personal accounts in the appropriate ledger. NB Do not balance off any of your ledger accounts. The VAT rate was 10 percent.

Transcribed Image Text:

List price less Customer Invoice No Department trade discount VAT Total invoice price Feb 1 P Small 586 TV 2,600 260 2,860 "2 L Goode 587 Hi Fi 1,800 180 1,980 "3 R Daye 588 TV 1,600 160 1,760 "5 B May 589 Sundries 320 Nil 320 "7 L Goode 590 TV 900 90 990 "7 P Small 591 Hi Fi 3,400 340 3,740