Record the transactions in a sales day book

Assignment Help Accounting Basics
Reference no: EM133099123

Question - The following credit sales for Edan enterprises took place during May 2020: (20 Marks)

May 1: Credit sales to Axel €800

May 2: Credit sales to Bisham €500

May 4: Credit sales to Cloe €400

May 5: Credit sales to N.Roben €700

May 7: Credit sales to S.Wijnelden €300

May 10: Credit sales to T. Hector €800

May 11: Credit sales to P. Sneijder €500

May 17 Credit sales to N.Roben €600

May 23: Credit sales to Cloe €1,000

May 30: Credit sales to Axel €900

Required -

(a) Record the above transactions in a sales day book.

(b) Record the above transactions in the following ledger accounts:

(i) Sales Ledger

(ii) Transfer the total to the sales account in the General ledger.

Reference no: EM133099123

Questions Cloud

How much the total additional income : The actual revenue that the insurance receive for that premium is 5%. How much the total additional income, the insurer adds to their accounting report
Discuss the applications of ansoff matrix : Discuss the applications of Ansoff matrix on the company's growth strategy.
Application level of bloom taxonomy : You have been asked to assist the School of Management within Metropolitan State University in creating its strategy. As the industry of higher education faces
Formatting a letter : Copy the body of the email that you completed in Activity: Email Format into the Textbox in this activity.
Record the transactions in a sales day book : The following credit sales for Edan enterprises took place during May 2020: May 1: Credit sales to Axel €800. Record the transactions in a sales day book
What are mc challenges and opportunities : What are MC's challenges and opportunities? How should MC prioritize them?
Business case-venture idea : Similar to Estsy but we'll promote a higher end
Determine the new compensation plan : The United States mandates only four required benefits, yet U.S. employers provide many other benefits-such as health insurance, retirement benefits, and paid v
Psychological contract between employee and employer : 1. Review Table 7.1, Psychological Contract between Employee and Employer. Indicate the positive effects associated with the contract's characteristics.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entries to account for hedge

using a mixed-attribute model, prepare the journal entries to account for this hedge at the following dates:

  The fancy umbrella company makes beach umbrellas the

the fancy umbrella company makes beach umbrellas. the production process requires 3 sq meters of plastic sheeting and a

  Discuss and analyse the pros and cons of the ifrs standards

Discuss and analyse the pros and cons of the IFRS standards, which require the use of fair value in recognition and measurement

  Soobin corporation has coperate taxable income in 2014 or

soobin corporation has coperate taxable income in 2014 or 16000000. use the corporate tax table to calculate the income

  A 25-room budget motel expects its occupancy next year to

a 25-room budget motel expects its occupancy next year to be 80 percent. the owners investment is 402800. they want an

  Record the division of net income

If Andrea Gant withdraws $30,000 in cash for personal use in lieu of salary, which account is debited and which is credited?

  Verde company produces wheels for bicycles during the year

verde company produces wheels for bicycles. during the year 660000 wheels were produced. the actual labor used was

  Independence with respect to hamilton services

which of the following situations would impair the firm's independence with respect to Hamilton Services for the December 31, 20X2 audit engagement

  What is ending inventory using the average cost method

Maxim Corp. has provided the following information about one of its products: What is ending inventory using the average cost method

  Category-liquidity-profitability and solvency

Select three ratios, one from each category-liquidity, profitability, and solvency-you think are the most important. Why do you consider these ratios important? Which internal and external users might be most interested in these ratios? Explain wh..

  The following are the major balance sheet classifications

Match each of the following accounts to its proper balance sheet classification.

  What are peggy transfer tax

Peggy rescinds her right to revoke the trust. Peggy dies in 2011 when the trust is worth $3.2 million. What are Peggy's transfer tax consequences in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd