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2019 Oct 1 Goods returned by us to the following: Larry RM70
2019
Oct 1 Goods returned by us to the following: Larry RM70.
- Goods returned to us by Terry RM21.
- Credit purchases from the following: Fiona RM74.
- Goods returned by us to Kerry RM31.
- Goods returned to us by Cory RM24.
- Credit sales to: Katie RM99.
- Bought equipment RM130 on credit from Simon Ltd.
- Sold machine RM250 on credit to J. Jamie.
- Goods bought on credit from: Molly RM65.
- Goods sold on credit to: Ernest RM12.
You are required to;
- Prepare the relevant journals to record the above transactions.
Expert Solution
|
Date |
Particulars |
LF No. |
Debit (IN RM) |
Credit (IN RM) |
|
1st Oct,2019 |
Larry a/c Dr To Purchase Returns a/c (Being Goods returned by us) |
70 |
70 |
|
|
Sales Returns a/c Dr To Terry a/c (Being goods returned to us) |
21 |
21 |
||
|
Purchases a/c Dr To Fiona a/c (Being purchases made on credit) |
74 |
74 |
||
|
Kerry a/c Dr To Purchase Returns a/c (Being Goods returned by us) |
31 |
31 |
||
|
Sales Returns a/c Dr To Cory a/c (Being goods returned to us) |
24 |
24 |
||
|
Katie a/c Dr To Sales a/c (Being goods sold on credit) |
99 |
99 |
||
|
Equipment a/c Dr To Simon Ltd a/c (Being Equipment Purchased on credit) |
130 |
130 |
||
|
J. Jamie a/c Dr To Equipment a/c (Being equipment sold on credit) |
250 |
250 |
||
|
Purchases a/c Dr To Molly a/c (Being goods bought on credit basis) |
65 |
65 |
||
|
Ernest a/c Dr To Sales a/c (Being goods sold on credit) |
12 |
12 |
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