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You are preparing M. Simms' books for September 2018. The following were his transactions: Sep 1 1 24 9 8 10 20 25 26 26
You are preparing M. Simms' books for September 2018. The following were his transactions: Sep 1 1 24 9 8 10 20 25 26 26 27 29 M. Simms started business with motor car valued $12 000; fixtures & fittings $18 500 Purchased goods on credit from A. Matthews $1600 Sold goods on credit to M. Harvey $1400 Bought goods from C. Walker on credit $1300 Sold B. Brown on credit $2200 Returned goods to C. Walker $200 Sold goods on credit to M. Smith $1400 M Simms brought his personal computer in the business which valued $5 000 Bought goods on credit from R. Evans $800 Goods returned by B. Brown $200 Purchased goods from P. Cross on credit for $220 Required: A. Bought equipment on credit from Singer for $12.500 Bought furniture on credit from Courts $11 300 Enter all transactions in the following books of original entry: i. Sales Journal (7marks) ii. Purchases Journal (9marks) iii. Returns Inward Journal (3marks) iv. Returns Outward Journal (3marks) v. General Journal (15 marks)
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