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1. The following transactions were extracted from the books of Muhammad & Sons during the month of January 1-Jan Bought from A. Brown 20 bags
1. The following transactions were extracted from the books of Muhammad & Sons during the month of January 1-Jan Bought from A. Brown 20 bags of coffee @ N1,500 less 10% trade discount 5-Jan Purchases from R. Shittu 12 parkets of sugar @N1,000 9-Jan Bought from R. Shittu 6 cartons of tea @N1,500 less 20% trade discount 15-Jan Bought from 0. Omicron 20 bags of coffee less 7% trade discount 18-Jan Purchased from E. Emeka 40 tins of milk @ N1,000 with 5% trade discount Required: a. Enter the transactions suitable books of original entries. b. State the amounts to be posted to relevant ledger accounts (15 marks) (10 marks)
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