J. Glen has the following purchases for the month of June 2016: 2016 June 2 From J.
Question:
J. Glen has the following purchases for the month of June 2016:
2016 June
2 From J. Ring: 3 sets golf clubs at £900 each, 6 footballs at £35 each. Less 25 per cent trade discount.
11 From F. Clark: 6 cricket bats at £70 each, 8 ice skates at £40 each, 5 rugby balls at £34 each.
Less 20 per cent trade discount.
18 From A. Lane: 6 sets golf trophies at £55 each, 4 sets golf clubs at £720. Less 33 ^ per cent trade discount.
25 From J. Jack: 5 cricket bats at £48 each. Less 25 per cent trade discount.
30 From J. Wood: 8 goal posts at £95 each. Less 40 per cent trade discount.
Required:
(a) Enter up the purchases day book for the month, (fa) Post the items to the suppliers' accounts,
(c) Transfer the total to the purchases account.
Step by Step Answer:
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood