Required: Prepare the purchases ledger and sales ledger control books for June 2021.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 12SPA: SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, prepare a...
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Question Two
Extracts from the books of Bush Itd. shows the following balances for the month of June 2021
Sales ledger balances - 1st June 2021
Purchases ledger balances - 1st June 2021
Sales journal balance-30th June 2021
Purchases journal balance-30th June 2021
N9,100
Returns Inwards
Returns Outwards
Receipts from Customers-Cash
Discount allowed
N7,490
N385,290
N13,450
N354,150
N7,460
N48,020
N27,500
N375,370
N410,000
Payment to Customers
Discount received
Bad debt written off
Sales ledger set off
N2,090
Purchases ledger set off
N1,100
Required: Prepare the purchases ledger and sales ledger control books for June 2021.
N1,150
Transcribed Image Text:Question Two Extracts from the books of Bush Itd. shows the following balances for the month of June 2021 Sales ledger balances - 1st June 2021 Purchases ledger balances - 1st June 2021 Sales journal balance-30th June 2021 Purchases journal balance-30th June 2021 N9,100 Returns Inwards Returns Outwards Receipts from Customers-Cash Discount allowed N7,490 N385,290 N13,450 N354,150 N7,460 N48,020 N27,500 N375,370 N410,000 Payment to Customers Discount received Bad debt written off Sales ledger set off N2,090 Purchases ledger set off N1,100 Required: Prepare the purchases ledger and sales ledger control books for June 2021. N1,150
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