Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

R Hamilton has the following credit purchases and credit sales in April: April 9 Bought from C Charles: Copper goods RM320 less 50% trade discount

R Hamilton has the following credit purchases and credit sales in April:

April 9 Bought from C Charles: Copper goods RM320 less 50% trade discount
April 10 Sold to J Jones: Brass goods RM24, bronze items RM36. All less 25% trade discount
April 11 Sold to N Nelly: Tin goods RM70, lead items RM230. All less 33 1/3 trade discount.
April 16

Bought from A Adams: Tin goods RM400 less 40% trade discount

April 23 Sold to T Thomas: Tin goods RM50, brass items RM70, lead figures RM80. All less 20% trade discount
April 30 Bought from M Macy: Brass figures RM100 less 50% trade discount

What are his total purchases in the Purchases Day Book?

A.

RM855

B.

RM450

C.

RM820

D.

RM405

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing With The Computer

Authors: Wayne S. Boutell

1st Edition

0520363329, 978-0520363328

More Books

Students also viewed these Accounting questions

Question

1.4 Identify tools to help makeevidence-based HRM decisions.

Answered: 1 week ago