Question

Question 2

2020

Jan       1          Credit purchases from I.Ivy $1,000; R. Rack $800: J. Janice $700

            2          Credit sales to S. Simone $450; T. Tim $650; P. Ping $900

            3          Bought machinery on credit from Randy Ltd $3,500

            4          Returned goods to us by M. Michelle $620

            5          We returned goods to E. Emy $720

            6          Paid electricity by cheque $300

            7          Bought equipment on credit from Goony Ltd $2,500

            8          Sold goods on credit to C. Candy $500

            9          Purchased furniture on credit from N. Nelson $1200

            10        Rent received by cash $550

Required: Post the above transactions in the relevant journals. Narration is not required.

Answer 1