Books of prime entry

Group study question

The following are transactions of Marino Ltd for the month of December
2018.

i. Dec 1 started business with cash Shs. 850,000 and a car worth
1,500,000
ii. Dec 3 Transferred Shs. 500,000 of cash into business bank
account
iii. Dec 4 Bought goods Shs. 250,000 on credit from Maria
iv. Dec 6 Sold goods Shs. 100,000 on credit to Kimondo
v. Dec 8 Returned unsuitable goods Shs. 50,000 to Maria
vi. Dec 10 Cash sales Shs. 60,000
vii. Dec 12 Bought goods shs. 150,000 on credit from Tambale
viii. Dec 14 Bought machine shs. 500,000 for use of the business on
credit from Sidio Ltd.
ix. Dec 17 Paid amount owing to Maria by cheque Maria allowed
discount of 5% .
x. Dec 18 Obtained loan for shs. 1,000,000 from Wakuru Saccos,
being cheque received
xi. Dec 19 Paid Sidio Ltd. the amount owing by cheque. Sidio allowed
a discount of 12%.
xii. Dec 20 Sold goods shs. 100,000 on credit to Felix.
xiii. Dec 22 Kimondo settles her account by cheque
xiv. Dec 23 Felix returns goods shs. 25,000
xv. Dec 29 Cash sales shs. 55,000 paid direct into bank
xvi. Dec 31 Felix settle his account by cheque
Received discount of 10%.

Required: From the above transactions prepare

 i. Sales day book

ii. Purchases day book

iii. Return journals

iv. General ledger

v. Personal ledgers