1
A enriques has the following purchases and sales for May 2006:
2006
May 1 Sold to M Marshall: brass goods £24, bronze items £36. Less 25 per cent trade discount.
7 Sold to R Richards: tin goods £70, lead items £230. Less 33 per cent trade discount.
9 Bought from C Clarke: tin goods £400. Less 40 per cent trade discount.
16 Bought from A Charles: copper goods £320. Less 50 per cent trade discount.
23 Sold to T Young: tin goods £50, brass items £70, lead figures £80. All less 20 per cent
trade discount.
31 Bought from M Nelson: brass figures £100. Less 50 per cent trade discount.
Required:
(a) Write up the sales and purchases day books.
(b) Post the items to the personal accounts.
(c) Post the totals of the day books to the sales and purchases accounts.