You are to enter the following transactions in the books of PP Enterprise, post to accounts, balance off the accounts, extract a trial balance and prepare profit or loss statement and balance sheet as on July, 2016
You are to enter the following transactions in the books of PP Enterprise, post to accounts, balance off the accounts, extract a
1. Credit purchases from: K Hill £380; M Norman £500; N Senior £106,: R Morton £200; J Cook £180; D Edwards £410; C Davies £66.
2. Credit sales to: E Rigby £510; E Phillips £246; F Thompson £356, A Green £307; H George £250; J Ferguson £185.
3. Returns outwards to: M Norman £30; N Senior £16.
4. Returns inwards from: E Phillips £18; F Thompson £22.
5. Credit sales to: E Phillips £188; F Powell £310; E Lee £420
6. Credit purchases from: C Ferguson £550; K Ennevor £900.
7. Returns inwards from: E Phillips £27; E Rigby £30.
8. Returns outwards to: J Cook £13; C Davies £11.
9. Credit sales: T Thompson £56; L Rodriguez £148; K Barton £145.
10. Credit purchases: P Potter £144; H Harris £25; B Spencer £76, B Perkins £24; H Harris £58; H Miles £123
11. Credit sales: K Kelly £89; N Mendes £78; N Lee £257.
12. Goods returned by us to: P Potter £12; B Spencer £22.
13. Goods returned to us by: T Thompson £5; K Barton £11; K Kelly £14.
14. Credit purchases: H Harris £54; B Perkins £65; L Nixon £75.
15. Goods returned by us to B Spencer £14.
16. Credit sales: K Mohammed £57; K Kelly £65; O Green £112.
17. Goods returned to us by N Mendes £24.
18. Credit sales: N Lee £55.
19. Credit purchase from F Bean £324.
20. Credit purchases from the following: A Clerk £216; B Lock £322; F Turner £64; G Rill £130
21. Goods returned by us to the following: F Bean £56; A Clerk £28.
22. Credit purchase from B Lock £140.
23. Credit purchases from the following: J Top £230; I Gray £310; F Low £405; P Able £180.
24. Goods returned by us to the following: I Gray £140; B Lock £34.
25. Received a further loan from B Barclay by cash £500.
26. Credit purchases from: F Turner £174; T Burns £230.
27. Credit sales to: B Dock £240; M Ryan £126; G Soul £94; F Trip £107.
28. Credit sales to: P Coates £182; L Job £203; T Mann £99
29. Goods returned to us by: B Dock £19; F Trip £32
30. Bought goods for cash £550.
31. Bought goods on credit from: T Dry £800; F Hood £930; M Smith £160; G Low £510.
32. Bought stationery on credit from Buttons Ltd £89.
33. Sold goods on credit to: R Tong £170; L Fish £240; M Singh £326; A Tom £204.
34. Paid rent by cheque £220.
35. Bought fixtures on credit from Chiefs Ltd £610
36. Paid salaries in cash £790.
37. Returned goods to: F Hood £30; M Smith £42.
38. Bought van by cheque £6,500.
39. Received loan from B Barclay by cheque £2,000.
40. Goods returned to us by: R Tong £5; M Singh £20.
41. Cash sales £145.
42. Sold goods on credit to: L Fish £130; A Tom £410; R Pleat £158.
43. We paid the following by cheque: F Hood £900; M Smith £118.
44. Received cheques from: R Pleat £158; L Fish £370.
45. Received £614 cash from A Tom.
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