$5$:$32$ Sun, $24$ Mar M

$$

CHAPTER $6$ Accounting information systems

receivable?

E$6\mathrm{.}5$ Record transactions in sales and purchases journal.

Lo$9,10,13$

Duckstein Ltd uses special journals and a general journal. The following transactions occurred during September $2023.$

Sept. Sold inventory on account to R$.$ Crow, invoice no$.101$ for $$960,$ terms n$/30.$ The cost of the inventory sold was $$600.$

Purchased inventory on credit from L$.$ Dayne $$1200,$ terms $\frac{2}{7},\frac{n}{30}.$

Purchased office equipment on account from B$.$ Piazza $$13000.$

Sold inventory on account to Buffy Ltd$,$ invoice no$.102$ for $$1600,$ terms $\frac{2}{14},\frac{n}{30}.$ The cost of the inventory sold

was $$960.$

Purchased inventory on account from F$.$ Sage $$1800,$ terms n$/30.$

Sold inventory to Harold Ltd for $$1400$ cash. The cost of the inventory sold was $$840.$

Required

$($a$)$ Draw up a sales journal $($see figure $6\mathrm{.}13)$ and a single$-$column purchases journal $($see figure $6\mathrm{.}18).($Use page $1$ for each journal.$)$

$($b$)$ Record the transaction$($s$)$ for September that should be journalised in the sales journal and the purchases journal.

$($c$)$ What is the advantage of having a multicolumn purchases journal as opposed to a single$-$column purchases journal?