Question 2

2020

Jan 1 Credit purchases from I.Ivy $1,000; R. Rack $800: J. Janice $700

2 Credit sales to S. Simone $450; T. Tim $650; P. Ping $900

3 Bought machinery on credit from Randy Ltd $3,500

4 Returned goods to us by M. Michelle $620

5 We returned goods to E. Emy $720

6 Paid electricity by cheque $300

7 Bought equipment on credit from Goony Ltd $2,500

8 Sold goods on credit to C. Candy $500

9 Purchased furniture on credit from N. Nelson $1200

10 Rent received by cash $550

Required: Post the above transactions in the relevant journals. Narration is not required.