6.2 During January, Radio undertook the following transactions: Credit transactions with customers during January Prompt Returns Cash

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6.2 During January, Radio undertook the following transactions:

Credit transactions with customers during January Prompt Returns Cash Payment Customer Sales Inwards Received Discount

£ £ £ £

Vision 7,000 300 6,350 50 Sister 4,000 – 3,500 40 Batty 2,700 200 2,600 25 Flat 200 – – –

Broke 300 – – –

Credit transactions with suppliers during January Prompt Returns Cash Payment Supplier Detail Purchases Outwards Paid Discount

£ £ £ £

Tele Goods for resale 3,000 – 2,950 55 Tranny Goods for resale 2,000 100 1,950 35 Valve Goods for resale 2,400 150 2,200 20 Garage Motor expenses 100 – – –

Paper Office supplies 50 – – –

Other cash transactions during January Payee Detail £

Plantmax Purchase of plant 1,000 Cash Wages 1,500 Accom Rent for 6 months to 30 June 600 Supplies Office expenses 250 Garage Motor expenses 300

£100 was received from Scrap for machinery that was disposed of.

Enter this information in the books of prime entry, i.e. the day books and cash book.

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Related Book For  book-img-for-question

Introduction To Accounting

ISBN: 9780761970378

3rd Edition

Authors: Pru Marriott, J R Edwards, Howard J Mellett

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