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ATK Manufacturing Ltd Debtors & Creditors Ledgers ATK Manufacturing Ltd. made the following transactions with its Debtors and Creditors during the month of January 2017:
ATK Manufacturing Ltd Debtors & Creditors Ledgers ATK Manufacturing Ltd. made the following transactions with its Debtors and Creditors during the month of January 2017: Jan 1. Bought goods from Ventex Ltd. for 5,000 for on credit basis Jan 4. Sold goods to Mr. John for 3,000 on credit basis Jan 10. Sold goods to Mr. Najeeb for 1,000 on cash Jan 12. Purchased goods from FTM Ltd. for 4,500 on credit. Jan 16. Returned goods to FTM Ltd. for 1,000 Jan 21. Goods returned by Mr. John for 500 Jan 26. Mr. Najeeb returned goods for 500 Jan 30. Returned goods to Ventex Ltd. for 1,000 Required: You are required to prepare journal entries from the above transactions
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