Using the following data prepare: A. The sales Journal B. The sales ledger accounts. Balance each account A. Blair is a dealer in sporting equipment. the following are his purchases and sales for May 2008. May 1 Blair received from S&G Ltd. a shipment of: 20 bats at $500 each 12 sets of stumps at $200 per set 8 pairs of gloves at $100 per pair The entire shipment from S&G Ltd. was subject to a 20 percent trade discount May 6 Blair sold the following items on credit to Marshall: 3 Bats if $800 6 sets of stumps at $400 per set
Using the following data prepare:
A. The sales Journal
B. The sales ledger accounts.
Balance each account
A. Blair is a dealer in sporting equipment. the following are his purchases and sales for May 2008.
May 1 Blair received from S&G Ltd. a shipment of:
20 bats at $500 each
12 sets of stumps at $200 per set
8 pairs of gloves at $100 per pair
The entire shipment from S&G Ltd. was subject to a 20 percent trade discount
May 6 Blair sold the following items on credit to Marshall:
3 Bats if $800
6 sets of stumps at $400 per set
May 9 Blair bought from Samspson's Cricket Centre
5 dozen cricket balls at $120per dozen
May 16 Blair sold the following to C. Clark on credit
4 pairs of gloves at $150 per pair
May 23 Blair returned two damaged bats to S& G Ltd.
May 25 Marshall paid for goods bought on May 6 and received a 5 percent cash discount
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