GRADUATE STUDIES Books of Original Entry (cont.) . . . . Purchase Day Book and Returns (Practice Question 1) B. Awuni has the following credit purchases and credit sales for November: Nov 1: Bought from M. Hammond: Shirts for Ghc60. Bought from K. Boakye: Belt for Ghc300. Nov 9: Bought from C. Gyato: Dressing bags for Ghc400. Nov 16: Bought from M. Blankson: A pair of shoe for Ghe320. Nov 18: Goods returned to suppliers by us: C. Gyato was Ghc100 Nov 23: Bought from B. Yeboah: Belt for Ghc200. Nov 24: Goods returned to suppliers by us: K. Boakye was Ghc50. You are required to: (a) Write up purchase day book, and return day book and ledger. (b) Post the items to the personal accounts. (c) Post the totals of the day books to the sales and purchases accounts (General ledger). (d) What are the books of prime entry within a business? . . . Practice Question 2 Yaro Limited, has the following transactions during the month of September 2016, Date Description 6/9/2016: Bought on credit from S. Otoo 3 bags of rice at GhC90 each less 10% trade discount. . 9/9/2016: Sold on credit to M. Cudjoe 2 bags of rice at GhC140 each less 5% trade discount. 14/9/2016:Purchased on credit from F. Nartey 4 bags of rice at GhC85 each less 5% trade discount . 16/9/2016: Sold on credit to J. Brown 1 bag of rice at GhC135 and 1 bag of sugar at GhC100-no trade discount allowed. 21/9/2016: Purchased on credit to A. Best a carpet at GhC120 less 10% trade discount. 28/9/2016: Sold on credit to M. Cudoe I bag of rice at GhC105 and 1 bag of sugar at GhC115 less 5% trade discount on the complete sale. Required: (0) Enter the above transactions in the Sales Day Book and Purchase Day Book as appropriate. (ii) Post the transactions from the Day Books to the Personal Accounts concerned in the ledger