Answer to Question #183096 in Accounting for Lucy Kabura

Question

Enter up the sales, purchases and returns daybooks from the following details. Then post the individual items to the relevant accounts in the sales and purchases ledger and transfer the totals of the various daybooks to the accounts in the general ledger: 

May 1 Credit purchases: R. Burton shs. 2,500, C. Malthus shs. 1,450, M. Adleman shs. 3,550

May 5 Credit Sales: S.David shs. 4,100, T.White shs. 3,400, P. Black shs. 2,700

May 7 Credit purchases: A. Thomas shs. 1,470, R. Burton shs. 1000, C. Malthus shs 1,900

May 9 Goods returned by us to: R. Burton shs. 350, C.Malthus shs 500

May 10 Goods returned to us by: T.White shs 250, P.Black shs. 300

May 12 Credit purchases: A. Thomas shs. 1,860, R.Burton shs. 2,500, C. Malthus shs 800

May 15 Credit sales: T. White Shs. 1,500, S. Davis shs 2,200

May 18 Goods returned by us to: A Thomas shs. 200, C. Malthus shs 100

May 25 Goods returned to us by T.White shs 180.

Answer 1

PURCHASES DAYBOOK

1. may 1^St R. Burton. 2500
2. May 1 ^st C. Malthus 1450
3. May 1^St M. Adleman 3550
4. May 7^Th A. Thomas 1470
5. May 7^th R. Burton 1000
6. May 7^th C. Malthus 1900
7. May 12^th A. Thomas 1860
8. May 12^Th R. Burton 2500
9. May 12 ^th C. Malthus 800

Total 17,030

SALES DAYBOOK

1. May 5^Th S. David 4100
2. May 5^Th T. White. 3400
3. May 5^Th. P. Black. 2700
4. May 15^Th T. White 1500
5. May 15^Th. S. Davis 2200

Total 13900

RETURNS. OUTWARD JOURNAL

1. May 9^Th. R. Burton. 350
2. May 9^Th C. Malthus 500
3. May 18^Th A. Thomas. 200
4. May 18^th C. Malthus 100

Total. 1150

RETURNS INWARD JOURNAL

1. May 10^Th T. White 250
2. May 10^Th P. Black. 300
3. May 25^Th T. White. 180

Total 730

Purchases Control Account

Dr. Credit Purchases. 17,030

Sales Control Account

Cr . Credit sales. 13900

Returns Inward Account

Dr Debtors. 730

Returns Inward Account

CT. Creditor 1150