You are to enter the following items in the books of K-Mart Limited. July 1 Balance brought forward from last month: Cash ¢2,095; Bank ¢8,240. July 1 Credit purchases from: K Hill ¢380; M Norman ¢500; N Senior ¢106. July 3 Credit sales to: E Rigby ¢510; E Phillips ¢246; F Thompson ¢356. July 5 Credit purchases from: R Morton ¢200; J Cook ¢180; D Edwards ¢410; C Davies ¢66. July 8 Credit sales to: A Green¢307; H George ¢250; J. Ferguson ¢185. July 10 Returns outwards to: M Norman ¢30; N Senior ¢16. July 12 Returns inwards from: E Phillips ¢18; F Thompson ¢22. July 14 Credit sales to: E Phillips ¢188; F Powell ¢310; E Lee ¢420. July 14 Credit purchases from: C Ferguson ¢550; K Envoy ¢900. July 16 Returns inwards from: E Phillips ¢27; E Rigby ¢30. July 17 Returns outwards to: J Cook ¢103; C Davies ¢101. July 20 Cash sales ¢3,100. July 24 Took ¢200 out of the cash till and paid it into the bank. July 26 F Bell paid us by cheque ¢194. July 30 We paid for postage stamps in cash ¢80.

You are to enter the following items in the books of K-Mart Limited. July 1 Balance brought forward from last month: Cash ¢2,095; Bank ¢8,240. July 1 Credit purchases from: K Hill ¢380; M Norman ¢500; N Senior ¢106. July 3 Credit sales to: E Rigby ¢510; E Phillips ¢246; F Thompson ¢356. July 5 Credit purchases from: R Morton ¢200; J Cook ¢180; D Edwards ¢410; C Davies ¢66. July 8 Credit sales to: A Green¢307; H George ¢250; J. Ferguson ¢185. July 10 Returns outwards to: M Norman ¢30; N Senior ¢16. July 12 Returns inwards from: E Phillips ¢18; F Thompson ¢22. July 14 Credit sales to: E Phillips ¢188; F Powell ¢310; E Lee ¢420. July 14 Credit purchases from: C Ferguson ¢550; K Envoy ¢900. July 16 Returns inwards from: E Phillips ¢27; E Rigby ¢30. July 17 Returns outwards to: J Cook ¢103; C Davies ¢101. July 20 Cash sales ¢3,100. July 24 Took ¢200 out of the cash till and paid it into the bank. July 26 F Bell paid us by cheque ¢194. July 30 We paid for postage stamps in cash ¢80.

Name: You are to enter the following items inthe books of K-Mart Limited.Ju
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Description: You are to enter the following items inthe books of K-Mart Limited.July 1 Balance brought forward fromlast month: Cash ¢2,095; Bank ¢8,240.July 1 Credit purchases from: K Hill¢380; M Norman ¢500; N Senior ¢106.July 3 Credit sales to: E Rigby ¢510; E

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5EA: Review the following transactions and prepare any necessary journal entries for Tolbert Enterprises....

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