Chapter 2 Double-entry bookkeeping: credit transactions

Q1

Fleming

July 5 Purchases Returns

July 14 Bank
July 14 Discounts Received

Adams
$
600
July 1 Purchases
3504
146

$
4250

Bond

July 14 Bank
July 14 Discounts Received

$
2160
90

July 4 Purchases

$
2250

Astle

July 9 Purchases Returns

July 14 Bank
July 14 Discounts Received

$
800
4560
240

July 14 Bank
Discounts Received

Cairns
$
3591
July 10 Purchases
189

July 7 Purchases

$
5600

$
3780

Purchases
July 1
July 4
July 7
July 10

Adams
Bond
Astle
Cairns

$
4250
2250
5600
3780

Purchases Returns
$
July 5 Adams
July 9 Astle

$
600
800

Bank
$
July
July
July
July

14
14
14
14

Adams
Bond
Astle
Cairns

$
3504
2160
4560
3591

Adams
Bond
Astle
Cairns

$
146
90
240
189

Discounts Received
$
July
July
July
July

14
14
14
14

Q2

Streak
Sales
$
March 1 Blignaut
March 4 Ebrahim
March 8 Friend
March 12 Flower

$
2250
3400
2560
1800

Sales Returns

March 6 Ebrahim
March 14 Flower

$
200
350

Blignaut

March 1 Sales

$
2250

March 15 Bank
March 15 Discounts Allowed

$
2160
90

March 6 Sales Returns

March 15 Bank
March 15 Discounts Allowed

$
200
3040
160

March 15 Bank
March 15 Discounts Allowed

$
2432
128

March 14 Sales Returns

March 15 Bank
March 15 Discounts Allowed

$
350
1392
58

Ebrahim

March 4 Sales

$
3400

March 8 Sales

Friend
$
2560

Flower

March 12 Sales

$
1800

Bank

March 15 Blignaut
March 15 Ebrahim
March 15 Friend
March 15 Flower

$
2160
3040
2432
1392

Discounts Allowed

March 15 Blignaut
March 15 Ebrahim
March 15 Friend
March 15 Flower

$
90
160
128
58