Question 1
You are to enter up the sales journals for the following details. Post items to the relevant accounts in the sales ledger and then show the transfer to the sales account in the general ledger.
20-1
May 1 Credit Sales to C. Blessing N500
May 2 Credit Sales to S. Kris N2,000
May 10 Credit Sales to F. Motunrayo N1,500
May 30 Credit Sales to D. Joseph N6,000
Question 2
Adebowale Michael sells stationeries in a retail shop. The following return and allowances were made to his customers in the month of February, 20-8.
Feb. 10 Returns of 5 exercise books at N10 each by T. Salami
Feb. 15 Victoria returned 2 notebooks at N20
Feb. 20 Issued a credit note to T. Jacob for N15
Feb. 25 J. Teniola returned damaged ruler for N10
You are required to record the returns Inward journal and post the entries to the ledger.
Question 3
Enter the following transaction in the journals. Post the items to the relevant accounts in the debtors’ ledger and show the transfers to the general ledger.
20-7
June 1 Credit Sales to M. Peter N500, T. Okoro N300, and J. Bada N200
June 6 Credit Sales to T. Mohammed N250, J. Bankole N500
June 15 Goods returned to us by T. Smith N100, Joseph N150
June 20 Credit Sales to C. Oswald N250, C. Leonard N400
June 24 Good returned to us by C. Henry N50
June 30 Credit Sales to A. Augustine N200
Question 4
Michael Smith made the following credit purchases in the month of January, 20-8
Jan. 1 From Arnold 4 bags of Gari at N1,000 each
Jan. 5 form Gabriel 3 bags of Rice at N1,500 each
Jan. 10 from Ronaldo 7 tins of palm oil at N5000 each
Jan. 15 from Navas 5 bags of beans at N800 each
Jan. 25 From Taiwo 10 gallons of Groundnut oil at N600 each
Required to record the Journal and post the items to the relevant accounts in the ledger.
Question 5
Adebola made the following returns to his suppliers in January 2012
Jan. 10 Returned 10 empty crates of Coco-cola at N180 each J. Aduloju.
Jan 15 Returned damaged goods N500 to B. Obama
Jan 20 Returned 10 empty cartons of Maltina to Afolabi at bN80 each.
Jan 25 M. Obi allowed him N300 to repair damaged good supplier to him
Jan 30 sent a debit note to A. Musa for N700
Required: Write up journal and post items to the ledger.
See also: YouTube Video Of Ledger Entries And Trial Balance
Question 6
Record the following transactions in the relevant subsidiary books and post to the ledger.
20-4
Jan. 1 Credit purchase of good from J. Bassey N500, F. Bada N400
Jan 5 Return to J. Bassey N100
Jan.15 Credit purchase from T. Anyawu N250, C. Okoli N350
Jan. 20 Return to T. Anyanwu N50
Jan 28 Credit purchase from J. Bassey N450
Question 7
Enter up the purchase journal from the following details 2008
Nov 1 Goods bought on credit from T. Darlington N500
Nov 3 Bought form R. Deborah N1600; M. Fabiyi N900
Nov 5 Credit purchases from Q. Maureen N700; B. Cynthia N1, 550
Nov 10 Bought goods on credit from O. Kazeem N1320; C. Ayo N620
Nov 16 Credit purchases from Govie N520; E Collins N1,220
Nov 23 Bought on credit from M. White N1, 170; S. Nwadike N1,350
Nov 27 Purchase goods on credit from O. Akemu N1, 170; S Owolabi N1,740
Nov 30 Credit purchase from A. Nwankwo N3,350
Question 8
Enter up the purchases Journal and Journal and returns outwards Journal from the following details. Then post to the suppliers accounts and show the transfers to the general
20-9
March 1 Bought goods on credit from O. Otovoh N2,790; M. Adwnuga N3,500
March 3 Credit purchase from I. Durotifa N1,620; T. Lawal
March 4 Goods returned by us to O.otovoh N390
March 7 Purchase goods on credit from A. Adio N2,920; S. Subuloye N1,950
March 10 Credit purchases from a. Ehikeme N1,000
March 15 Purchase goods from credit from Y. Okuneye N2,200
March 20 Purchase return to A. Ehikeme N1,000
March 24 Credit Purchase from P.obazele N1,200
March 27 Returns Outwards to Y. Okuneye N200
March 31 Goods bought on Credit from O. Ekeinde N1,900
Do you want to practice with these questions?
Question 9
Enter up the purchase Journal and the returns outwards journal from the following details. Then post to the suppliers and show the transfers to the general ledger.
2000
July 1 goods purchased on credit from U. Njikamma N1,750; T. Shoga N3,220; Ojiru N2,220
July 3 Credit purchased from P. Ayo N1,220; z Ajayi N1,000; R. Ozomaro N1,500
July 7 Purchase return to T. Shoga N220; U Njikamma N350
July 10 Purchase goods on Credit from O. Bakare N4,500; J. Uzo N3,320 J. Ezekiel N2,120
July 15 Bought goods on Credit from G. Ajayi N2,500
July 18 Return outwards to O. Bakare N300; J. Uzoh N400
July 21 Credit Purchase from N. Osifo N2,730; V Onanuga N2,050
July 25 Credit Purchase from W. Westcoast N3,250; T Jamiu Ni270
July 28 Purchase returns to N. Sunday N700; W. Leonard N350
July 31 Credit Purchases from F. Ogunshola N2,310
Question 10
Enter up sales and purchase Journal and the Returns Inwards and Outwards Journal from the following details, then post to the customer’s and supplier account and show the transfer to the General ledger.
20-3
May 1 Credit sales to M. Ayodeji N3,000; T. Awe N4.300
May 3 Credit Purchases from Y. Ajunmobi N4000; Q Samson N650
May 5 Returns Inwards from M. Ayodeji 250, T. Awe N500
May 10 Bought goods on Credit from E. Bada N3, 400
May 13 Return Outwards to E. Bada N200
May 16 Credit sale to S. Akinotan N5,700 N. Osifo N4,700
May 20 Goods bought on Credit from N. Akin N500
May 26 Goods Return by us to N. Akin N500