Reference no: EM132576012

A. Blair is a dealer in sporting equipment. The following are his purchases and sales for May 2009:

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 per cent trade discount.

May 6                Blair sold the following items on credit to Marshall:

                         3 bats at $800 each

                         6 sets of stumps at $400 per set

May 9                 Blair bought from Sampson's Cricket Centre

                      5 dozen cricket balls at $120 per 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 per cent cash discount.

Required.

Question a. Complete Blair's sales, purchases and returns outwards journal.

Question b. Post from the journals to the personal accounts.

Question c. Post the relevant totals to the sales, purchases and returns outwards accounts in the general ledger. Use May 31 as the transaction date.