RAMOS BOOKS

SELLER'S BOOK

DATE PARTICULARS DEBIT CREDIT

4-May Accounts Receivable 2/10, n/30 162,000

Sales 162,000
Freight Out 2,000
Cash 2,000

5-May Accounts Receivable 2/10, n/30 710,000

Sales 710,000

7-May Sales Returns and Allowance 12,000

Cash 12,000

9-May Cash 162,000

less: Sales Returns and Allowances 12,000
Sales Discount 3,000
Accounts Receivable 147,000

10-May Cash 2,000

Freight Out 2,000

12-May Cash 710,000

Sales Discount 14,200
Accounts Receivable 695,800

18-May Accounts Receivable 2/10, n/30 250,000

Trade Discount 100,000
Sales 150,000

23-May Cash 150,000

Sales Discount 3,000
147,000
CAMMAYO BOOKS

BUYER'S BOOK

DATE PARTICULARS DEBIT CREDIT

4-May Accounts Payable 162,000

Purchase 162,000

5-May Accounts Payable 710,000

Purchase 710,000
Freight In 8,000
Cash 8,000

6-May Cash 8,000

Freight In 8,000

7-May Cash 12,000

Purchase Returns and Allowance 12,000

9-May Accounts Payable 162,000

less: Sales Returns and Allowances 12,000
Purchase Discount 3,000
Cash 147,000

12-May Accounts Payable 710,000

Purchase Discount 14,200
Cash 695,800

18-May Accounts Payable 250,000

Trade Discount 100,000
Purchase 150,000

21-May Cash 3,000

Freight In 3,000

23-May Accounts Payable 150,000

Purchase Discount 3,000
Cash 147,000