undefined

Tulsa Ltd is a growing business buying and selling Computers at Silicon Shire. The following are the transactions of Tulsa Ltd for the month of December. Dec 1 Purchased computers at the cost of $60,000 on account. Dec 2 Paid freight on 1 December purchases $300 Dec 7 Returned damaged computers purchased on December 1 costing $8,000. Dec 10 Sold computers costing $20,000 on account to Little Scribblers, terms 2/10, n/30. The cost of the computers is $16,000. Dec 17 Received payment from Little Scribblers in full settlement of sales on Dec 10. Assuming the following: Tulsa Ltd and Little Scribblers use a perpetual inventory system and No business is registered for GST. Required: Record the above transactions in the general journal of: a) Tulsa Ltd (6.5 marks) b) Little Scribblers (2.5 marks) Narrations are not required