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Record the transactions in SALES JOURNAL

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Reference no: EM132634144

Question - The following information's were taken from the books of Qazi & CO. during the month of February 2018.

Jan 01 Sold merchandise on account to Shah BROS costing RS 15,500.

Jan 05 Sold merchandise on account to KAMRAN STORE costing RS 18,200.

Jan 08 Kamran Store returned merchandise-costing RS 200.

Jan 15 Sold merchandise on account to Noor STORE costing RS 8700

Jan 20 Noor Store returned merchandise-costing RS 400.

Required - Record the above transactions in SALES JOURNAL and SALES RETURN AND ALLOWANCE JOURNAL.

Prepare:

1. account receivable control account. & sales account.

2. accounts receivable subsidiary ledger in self balancing form of account

3. a schedule of account receivable

Reference no: EM132634144

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