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2020 August 1st Bought goods on credit from L. Stubbs $8000 4th Purchased stock from M. Swann on credit $4500 18th M. Major sold him

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2020 August 1st Bought goods on credit from L. Stubbs $8000 4th Purchased stock from M. Swann on credit $4500 18th M. Major sold him goods on credit worth $2500 25th Bought stock on credit from T. Sawyer $6500, receiving 10% trade discount. You are required to: (a) Complete the Purchases Day Book (Pg.45) to record the transactions above. Make up all invoice and folio numbers. (8 marks) (b) Post the items to the creditors' accounts in the purchases ledger. (8 marks) (c) Complete the Purchases Account at the end of August 2020 as it would appear in Renajh Cooper's General Ledger on page seven (7). (4 marks) POINT TO NOTE: You must first deduct the trade discount from the purchase price and only the remainder you put in the purchases journal

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