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Question Three The following transactions were obtained from the books of Albano co ltd for the month of May 2020 May 1 Credit sales: T.
Question Three The following transactions were obtained from the books of Albano co ltd for the month of May 2020 May 1 Credit sales: T. Thompson 56: L. Rodriguez 148: K. Barton 145. May 3 Credit purchases: P. Potter 144; H. Harris 25; B. Spencer 76. May 7 Credit sales: K. Kelly 89; N. Mendes 78; N. Lee 257. May 9 Credit purchases: B. Perkins 24; H. Harris 58; H. Miles 123. May 11 Goods returned by us to: P. Potter 12; B. Spencer 22. May 14 Goods returned to us by: T. Thompson 5: K. Barton 11: K. Kelly 14. May 17 Credit purchases: H. Harris 54; B. Perkins 65; L. Nixon 75. May 20 Goods returned by us to B. Spencer 14. May 24 Credit sales: K. Mohammed 57; K. Kelly 65:0. Green 112. May 28 Goods returned to us by N. Mendes 24. May 31 Credit sales: N. Lee 55. Required: a) Prepare a sales, purchases, returns inwards and returns outwards day books ( 16 marks) b) Post the items to the General Ledger accounts in the sales and purchases ledgers. ( 4 marks )
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