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Hi I need help with the following exercises In addition, you are given the sales invoice books for the period, the details from which are

Hi I need help with the following exercises

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In addition, you are given the sales invoice books for the period, the details from which are provided below. All cash sales received were lodged to the bank on the date of sale. 12 Jan Sold 25 lbs s/potatoes @ $150 37,500 14 Jan Sold 40 lbs slpotatoes @ $145 20,300 15 Jan Sold 55 lbs s/potatoes @ $150 23,250 22 Jan Sold 120 lbs s/potatoes @ $145 17,400 Sales on credit during the rst month were: 20 Jan Sold 40 lbs onion @ $300 12,000 27 Jan Sold 60 lbs onion @ $350 21,000 Required: for January in good format. (a) Record the above transactions in the appropriate book of original en (b) Post from the prime entry books to the general ledger. ' On 30 December 2018 Farmer Bob bought three acres of land from A. Frank requiring the payment of $45,000 per annum, payable in advance. On the same date Farmer Bob opened a chequing bank account with JN Bank and invested $240,000 in the account, named Farmer Bob trading as Healthy Wealth Farm & Market. Healthy Wealth Farm & Market (HWF) entered into the following transactions in the ensuing months. All cash payments were made from Farmer Bob's personal bank account. Date Transaction details Amount $ 30 Dec Purchased 500 lbs sweet potatoes by cheque (#10200) 50,000 from M. Dunkley 3 Jan Paid for the Land by cheque (#10201) to A Frank 45,000 3 Jan Purchased on credit from Agro Grace: - herbicides 3,500 - seeds 22,000 - fungicide 4,300 - insecticides 4,000 5 Jan Paid Wayne Oliver for wages in cash 12,500 6 Jan Purchased 400 1b Irish potato seeds paying cash 32,000 11 Jan H. Gentles for ploughing land on credit 30,000 12 Jan Paid wages in cash 12,500 13 Jan Purchased seeds paying by cheque to V. Morris 30,500 (#10202) 15 Jan Bought chicken manure, paid cash 2,000 19 Jan Paid wages in cash 12,500 26 Jan Paid wages in cash 12,500 29 Jan Purchased water harvesting equipment by cheque 64,000 (#10203) Today is 10 Feb 2018, and you have been asked as the junior accountant to prepare a complete set of books of original entry for the first month of the year

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