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Question 6 Crawford & Co. uses sales and purchases journals in its accounting system. The following transactions took place during April (ignore GST): April 2Purchased
Question 6 Crawford & Co. uses sales and purchases journals in its accounting system. The following transactions took place during April (ignore GST): April 2Purchased inventory on credit from Bryden Ltd, Invoice 567, $590, terms 2/10, 1/30 April 5 Purchased inventory on credit from H. Rider, invoice 342, $650, terms 2/10, 1/30. April 12 Sold inventory on credit to G Pier, invoice 154, $1,335 April 15 Sold inventory on credit to Sonic Ltd, invoice 155, $1,160, April 21 Purchased inventory on credit from L Lambert, invoice 1435, $590, 2/10, 1/30. April 25 Sold inventory on credit to Cavallaro Ltd, invoice 156, $770. April 29 Sold inventory on credit to L Burton, invoice 157, 5575,2/10, 1/30. * Question 6 Establish all necessary general ledger accounts, accounts receivable subsidiary ledger accounts, and accounts payable subsidiary ledger accounts, Accounts receivable control 104 Accounts payable control 201 Sales 400 Purchases 500
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