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 19X7:

(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.
VAT was 10 per cent rate.

Transcribed Image Text:

List price Customer Invoice No Depart- less trade VAT Total invoice ment discount price Feb 1 " 2 59 55 123525 P Small 586 TV 2,600 260 2,860 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