PRINCIPLES OF ACCOUNTS Long answer
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Write up the Day Books for the following, then post to the relevant accounts in the sales and purchase ledgers and then transfer the totals to the relevant accounts in the general ledger.
July 1 Credit sales to: A. Green $307; H. George, $250; J. Fergusson, $185.
July 3 Credit Purchases from: K. Hill, $380; M. Peters, $500; O. Senior, $106
July 5 Credit sales to: E Pink, $510; E. Phillips, $246; F. Thompson, $356.
July 8 Credit Purchases from: M. James, $200; J. Cook, $180; D. Edwards $410
July 12 Returns Inwards from: E. Phillips, $28; F. Thompson $32.
July 14 Returns Outwards to: M. Peters, $30; O. Senior, $18.
July 20 Returns Inwards from: E. Phillips, $27; E. Pink, $30.
July 31 Returns outwards to: J. Cook, $$13; D. Edwards, $11.
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PRINCIPLES OF ACCOUNTS Long answer
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