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Mr. Smith is in business as an electrical goods wholesaler. The following credit transactions took place during April 20x5: 1 Apr Bought goods on credit
Mr. Smith is in business as an electrical goods wholesaler. The following credit transactions took place during April 20x5: 1 Apr Bought goods on credit from Brick Ltd. For $725 2 Sold goods on credit to Oak Ltd for $410 4 Bought goods costing $315 from Stone Ltd on credit 7 Sold goods on credit to Pine Ltd for $870|| Bought goods costing $250 from Slate Ltd on credit 11 15 Sold goods to Lime Ltd for $630 on credit 17 Bought goods on credit from Brick Ltd for $290 19 Received a credit note for $120 from Brick Ltd 22 Sent Oak Ltd a credit note for $220 24 Stone Ltd sent us a credit note for $75 in respect of goods returned 27 Sent Pine Ltd a credit note for $360 You are required to make the necessary entries in the books of prime entry and the general ledger
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