Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Two Extracts from the books of Bush ltd. shows the following balances for the month of June 2021 Sales ledger balances-1st June 2021 N48,020 Purchases
Two Extracts from the books of Bush ltd. shows the following balances for the month of June 2021 Sales ledger balances-1st June 2021 N48,020 Purchases ledger balances 1st June 2021 Sales journal balance-30th June 2021 N27,500 N375,370 Purchases journal balance-30th June 2021 N410,000 Returns Inwards N9,100 Returns Outwards N7,490 Receipts from Customers-Cash N385,290 Discount allowed N13,450 Payment to Customers N354,150 Discount received N7,460 Bad debt written off NI,150 Sales ledger set off N2,090 Purchases ledger set off Required: Prepare the purchases ledger and sales ledger control books for June 2021. N1,100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started