Question
Question no:01 [7.5 Marks] Following are the selected transactions of Habib metro for the month of May 2021. May 01 Purchased merchandise from AB &
Question no:01 [7.5 Marks]
Following are the selected transactions of Habib metro for the month of May 2021.
May 01 Purchased merchandise from AB & Co. Invoice # 20 26,100
May 02 Sold merchandise to RY & Co. Invoice # 99 52,200
May 03 Purchased merchandise to Chand & Sons Invoice # 21 29,520
May 04 Sold merchandise to Gulab and Sons Invoice # 100 59,040
May 06 Purchased merchandise from Mama & Co. Invoice # 22 31,500
May 07 Merchandise returned to AB & Co. Debit # 4 2,160
May 08 Sold merchandise to Faqeer & Co. Invoice # 105 63,000
May 09 Purchased merchandise from Syed & Sons Invoice # 23 28,350
May 09 Purchased merchandise from Zameer Invoice # 24 27,990
May 11 Merchandise returned from RY & Co. Credit # 77 4,320
May 12 Returned merchandise to Mama & Co. Debit # 5 2,250
May 14 Sold merchandise to JD & Sons Invoice # 106 56,700
May 14 Sold merchandise to Kashif Azeem Invoice # 112 55,980
May 15 Merchandise returned to Syed & Sons Debit # 6 180
May 15 Sold merchandise to Kashif Azeem for cash Invoice # 118 59,280
May 15 Merchandise returned to Zameer Debit # 7 540
May 16 Received merchandise from Faqeer & Co. Credit # 78 4,500
May 19 Merchandise returned from JD & Sons Credit # 79 360
May 21 Merchandise returned from Kashif Azeem Credit # 80 1,080
May 22 Merchandise consigned to Pasha Brothers Invoice # 126 23,760
May 22 Merchandise consigned by Tata Brothers Invoice # 25 11,880
May 23 Purchased merchandise from Chand & Sons for cash Invoice # 29 6,760
May 24 Purchased merchandise from Chand & Sons Invoice # 26 5,760
May 26 Merchandise returned from Pasha Brothers Credit # 81 360
May 29 Merchandise consigned to Pasha Brothers Invoice # 165 15,840
May 27 Merchandise returned to Tata Brothers Debit # 8 180
May 28 Merchandise consigned by Tata Brothers Invoice # 27 7,920
May 29 Sold Merchandise to Faqeer & Co. Invoice # 166 16,920
May 30 Purchased merchandise from Mama & Co. Invoice # 28 8,460
Required:
Prepare the following:
Purchase Journal, Purchase Return and allowance Journal, Accounts payable Subsidiary Ledger and Account payable Schedule, Sales journal, Sales return and allowance journal, Accounts receivable subsidiary ledger and Accounts receivable schedule
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Integrated Accounting
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
8th edition
1285462726, 1285462721, 978-1285462721
