You are responsible for compiling, in date order, the analysed purchases and purchase returns day books for
Question:
You are responsible for compiling, in date order, the analysed purchases and purchase returns day books for Pick-up Parts. The firm analyses its invoices and credit notes into two departments, Tyres and Exhausts. At the end of the month you are required to post the analysed day books to the purchase and nominal ledgers and balance all purchase ledger accounts.
During the month of May 20-5 the following invoices and credit notes were received:
Transcribed Image Text:
May 2 Auto Factors: invoice number 3762 7 Tyres 309.86, Exhausts 274.90 plus VAT 102.33, invoice total 687.09 Mitchells Ltd: invoice number M2815 Tyres 672.50 plus VAT 117.69, invoice total 790.19 14 Auto Factors: credit note number CN510 Exhausts 47.28, Tyres 59.65 plus VAT 18.71, credit note total 125.64 16 Euro Universal: invoice number 386 Tyres 407.60, Exhausts 318.58 plus VAT 127.08, invoice total 853.26 18 Mitchells Ltd: credit note number 159 Tyres 94.50 plus VAT 16.54, credit note total 111.04 20 Auto Factors: invoice number 3785 Exhausts 205.76, Tyres 494.80 plus VAT 122.60, invoice total 823.16 24 Mitchells Ltd: invoice number M2828 Tyres 392.75 plus VAT 68.73, invoice total 461.48 28 Euro Universal: credit note number 105 Exhausts 79.50, Tyres 62.49 plus VAT 24.85, credit note total 166.84
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