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    Chapter 2 Double-Entry Bookkeeping: Credit Transactions Q1 Fleming

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    Amy
    This document contains examples of double-entry bookkeeping transactions for credit sales made by various suppliers and customers in July. It shows debits and credits for purchases, returns, bank transactions, and discounts received for each account over the period. A similar format is then shown for sales transactions that occurred in March by different companies and the corresponding returns, bank, and discount entries.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Chapter 2 Double-Entry Bookkeeping: Credit Transactions Q1 Fleming

    Uploaded by

    Amy
    46 views3 pages
    This document contains examples of double-entry bookkeeping transactions for credit sales made by various suppliers and customers in July. It shows debits and credits for purchases, returns, bank transactions, and discounts received for each account over the period. A similar format is then shown for sales transactions that occurred in March by different companies and the corresponding returns, bank, and discount entries.

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    2241_Chapter_2.pdf

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    This document contains examples of double-entry bookkeeping transactions for credit sales made by various suppliers and customers in July. It shows debits and credits for purchases, returns, bank transactions, and discounts received for each account over the period. A similar format is then shown for sales transactions that occurred in March by different companies and the corresponding returns, bank, and discount entries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views3 pages

    Chapter 2 Double-Entry Bookkeeping: Credit Transactions Q1 Fleming

    Uploaded by

    Amy
    This document contains examples of double-entry bookkeeping transactions for credit sales made by various suppliers and customers in July. It shows debits and credits for purchases, returns, bank transactions, and discounts received for each account over the period. A similar format is then shown for sales transactions that occurred in March by different companies and the corresponding returns, bank, and discount entries.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Chapter 2 Double-entry bookkeeping: credit transactions

    Q1 Fleming

    Adams
    $ $
    July 5 Purchases Returns 600 July 1 Purchases 4250
    July 14 Bank 3504
    July 14 Discounts Received 146

    Bond

    $ $
    July 14 Bank 2160 July 4 Purchases 2250
    July 14 Discounts Received 90
    Astle

    $ $
    July 9 Purchases Returns 800 July 7 Purchases 5600
    July 14 Bank 4560
    July 14 Discounts Received 240

    Cairns
    $ $
    July 14 Bank 3591 July 10 Purchases 3780
    Discounts Received 189

    Purchases
    $ $
    July 1 Adams 4250
    July 4 Bond 2250
    July 7 Astle 5600
    July 10 Cairns 3780

    Purchases Returns

    $ $
    July 5 Adams 600
    July 9 Astle 800

    Bank
    $ $
    July 14 Adams 3504
    July 14 Bond 2160
    July 14 Astle 4560
    July 14 Cairns 3591

    Discounts Received

    $ $
    July 14 Adams 146
    July 14 Bond 90
    July 14 Astle 240
    July 14 Cairns 189
    Q2 Streak

    Sales

    $ $
    March 1 Blignaut 2250
    March 4 Ebrahim 3400
    March 8 Friend 2560
    March 12 Flower 1800

    Sales Returns

    $ $
    March 6 Ebrahim 200
    March 14 Flower 350

    Blignaut

    $ $
    March 1 Sales 2250 March 15 Bank 2160
    March 15 Discounts Allowed 90

    Ebrahim

    $ $
    March 4 Sales 3400 March 6 Sales Returns 200
    March 15 Bank 3040
    March 15 Discounts Allowed 160

    Friend
    $ $
    March 8 Sales 2560 March 15 Bank 2432
    March 15 Discounts Allowed 128

    Flower

    $ $
    March 12 Sales 1800 March 14 Sales Returns 350
    March 15 Bank 1392
    March 15 Discounts Allowed 58

    Bank

    $ $
    March 15 Blignaut 2160
    March 15 Ebrahim 3040
    March 15 Friend 2432
    March 15 Flower 1392
    Discounts Allowed

    $ $
    March 15 Blignaut 90
    March 15 Ebrahim 160
    March 15 Friend 128
    March 15 Flower 58

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