A Henriques has the following purchases and sales for May 19X6:

Required:

(a) Write up sales and purchases journals.

(b) Post the items to the personal accounts.

(c) Post the totals of the journals to the sales and purchases accounts.

Transcribed Image Text:

19X6 May 1 23 7 9 16 29 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. Bought from A Charles: copper goods 320. Less 50 per cent trade discount. ., 23 Sold to T Young: tin goods 50, brass items 70, lead figures 80. All less 20 per cent trade discount. 31 Bought from M Nelson: brass figures 100. Less 50 per cent trade discount.