Enter the following in the appropriate creditors’ acco
Question and Solution
Enter the following in the appropriate creditors’ accounts (i.e. your suppliers’ accounts) only. Do not writ
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Enter the following in the appropriate creditors’ accounts (i.e. your suppliers’ accounts) only. Do not write up the other accounts. Then balance off each of these personal accounts at the end of the month. (Keep your answer; it will be used as the basis for question 5.4.) 20X8 June 1 Purchases on credit from J Saville £240; P Todd £390; J Fry £810. == 3 Purchases on credit from P Todd £470; J Mehan £1,450. == 10 We returned goods to J Fry £82; J Saville £65. == 15 Purchases on credit from J Saville £210. == 19 We paid J Mehan by cheque £1,450. == 28 We paid J Saville by cash £300. == 30 We returned goods to P Todd £39.
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