1. The following credit sales for Edan enterprises took place during May 2020:

May 1: Credit sales to Axel 800 May 2: Credit sales to Bisham 500 May 4: Credit sales to Cloe 400 May 5: Credit sales to N.Roben 700 May 7: Credit sales to S.Wijnelden 300 May 10: Credit sales to T. Hector 800 May 11: Credit sales to P. Sneijder 500 May 17 Credit sales to N.Roben 600 May 23: Credit sales to Cloe 1,000 May 30: Credit sales to Axel 900

Required:

(a) Record the above transactions in a sales day book (2 marks)

(b) Record the above transactions in the following ledger accounts:

(i) Sales Ledger

(ii) Transfer the total to the sales account in the General ledger

(c ) You have recently been hired as a book-keeper of an SME (Small and medium size) enterprise. Using a case study company in an industry of your own choice:

Reflect how the case study company you have selected for purposes of this question the process of developing and maintaining books of original entry particulary with regard to Credit sales as documented in sales invoices.

(d) With reference to a sales daybook, write an advice to the company on how daybooks can be adopted in developing an enterprise wise accounting system which can lead to complete, accurate and structured accounting information to be shown in the end year financial statements