Illustration 9 Preparing and posting a purchases returns book Here is an example of a completed returns outwards book that been posted to the relevant ledger accounts. PURCHASES RETURNS BOOK Date Supplier Credit note Follo number Sept 14 Bennett & Co 347 PLL Sept 27 Mungroo Ltd 1279 PLZ Total purchases returns GL18 Here are the double-entry records for these returns outwards: PURCHASES LEDGER 273 385 5 Bennett & Co. (Account No. 1) $ Purchases PRB2 112 returns Sept 14 Dr Mungroo Ltd (Account No. 2) Sept 27 PRB2 273 Purchases returns GENERAL LEDGER DI Purchases returns (Account No. 18) CE $ Sept 30 Purchases PRB2 385 returns book 11 Recordine purchases returns Practice questions March in Credit note 242 archiCredit note 375 Goods returned to scattled with 015275 Goods returned to the Son value of 532 Goods returned to Scott Utd. The goods had been involved st 550 less a trade discount of 200 March 29 Credit note 247 Prepare the records required in Kerron's books of account to record these transactions 1. purchases retums book b. accounts payable in the purchase ledger c. purchases returns account in the general ledger Invent suitable follo references. 12. Recording purchases returns Faye owns a shop selling household goods. During July 2018, she returned goods to suppliers that had previously been purchased on credit and received the following credit notes: July 4 Credit note 331 Goods returned to Segicore Ltd with a value of $297 July 15 Credit note 829 Goods returned to J Howell with a value of $115 Credit note 337 Goods returned to Segicore Ltd. These goods had been invoiced at $840 less a trade discount of 25% Prepare the records required in Faye's books of account to record these transactions: a. returns outwards book b. accounts payable in the purchases ledger C. purchases returns account in the general ledger folin references July 26