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Question The following are selected transactions of Maggie Stores: 11 Not yet saved Marked out of 8.00 Flag July 12 Sold goods on account

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Question The following are selected transactions of Maggie Stores: 11 Not yet saved Marked out of 8.00 Flag July 12 Sold goods on account to Viewbank Market for $2 400, terms 3/10, n/30. The cost of the goods sold was $1600. July 19 Forwarded a credit note for $180 to Viewbank Market covering part of the goods sold on 12 July, which cost $120, that were returned by Viewbank Market as inappropriate. The goods returned were not defective. July 21 Received from Viewbank Market a cheque in full settlement of the above transactions. July 22 Purchased goods from ABC Ltd for $1 600. July 28 Received a discount from ABC Ltd $32 and settled the payment. question Maggie Stores uses perpetual inventory system. Ignore GST. Required Record the above transactions in the general journal of Maggie Stores (8 marks) *Narrations in the general journals are not required. 7 A BU I Ff

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