Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answers Note: To save time and space, the months are omitted in the Ledger accounts which follow. The day of the month is shown in brackets.
Answer to Question 1.2A
BA 1
(a) 49,000 (d) 48,100
(c) 65,800 (f) 85,900
(b) 75,100 (e) 81,300
Answer to Question 1.4A (a) Asset (b) Asset (c) Liability (d) Asset (e) Asset
BA 1
(f) Asset (g) Liability (h) Liability (i) Asset
Answer to Question 1.6A
BA 1
Assets List Wrong: Accounts payable, Capital. Liabilities List Wrong: Equipment, Computers.
Answer to Question 1.8A
BA 1
Fixtures 3,200 + Van 4,750 + Inventory 2,340 + Bank 520 + Cash 100 = Total Assets 10,910. Loan 5,000 + Accounts payable 1,910 + Capital (difference) 4,000.
Answer to Question 1.10A
BA 1 G Cook Balance sheet as at 30 June 2019
Non-current assets Equipment
9,720
Current assets Inventory Accounts receivable Cash at bank
6,430 9,280 410 16,120
Less Current liabilities Accounts payable
(8,380) 17,460
Capital
17,460
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Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 1.12A Assets (a) +Van (b) −Cash (c) +Inventory −Bank (d) +Cash (e) +Inventory −Accounts receivable (f ) +Inventory (g) −Cash (h) −Bank
BA 1
Liabilities +Accounts payable −Loan from F Duff
Capital
+Capital
+Accounts payable −Capital −Accounts payable
Answer to Question 1.14A
BA 1 J Hill Balance Sheet as at 7 December 2019
Non-current assets Equipment Motor Vehicle
6,310 7,300 13,610
Current assets Inventory Accounts receivable Bank Cash
8,480 3,320 9,510 485 21,795 35,405
Current liabilities Accounts payable
1,760 33,645
Capital
33,645
Answer to Question 2.11A Debited (a) Trailer (c) Loan from W Small (e) Office equipment (g) Bank (i) Cash
BA 1
Credited Cash Cash Dexter Ltd L Tait Loan from F Burns
Debited (b) J Tough (d) Cash (f) Cash (h) Bank (j) J Fife
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Credited Bank Trailer T Walls Capital Cash
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 2.14A (1) Capital (25) Cash
(5) Old Ltd (15) Cash (30) Bank
Bank 16,000 (2) Van 6,400 400 (12) Cash 180 (19) Carton Cars 7,100 (30) Office fixtures 480
Capital Loan Fox
(15) Bank (24) Cash
(5)
Drop
16,000
Vans Bank 6,400 Carton Cars 7,100
(19) Bank
Office fixtures 900
Carton Cars 7,100 (8) Van
7,100
Loan from Berry (21) Cash
500
BA 1
Bank 18,000 (8) Cash 4,000 (15) Loan Fox (17) Drop
Loan: T Fox 1,000 (2) Bank 500
400 1,000 840
(1) (8)
Capital Bank
Cash 1,500 (3) Computer 400 (24) Loan Fox
(3)
Cash
Computer 1,200
1,200 500
4,000
(17) Bank
Drop Ltd 840 (5) Display stands 840
(31) P Blake
P Blake (31) Printer Printer 400
Display Stands 840
Capital (1) (1)
Answer to Question 3.2A Debited (a) Purchases (c) C Riddle (e) Lorry (g) Bank (i) F Toms
Cash 180 (15) Office fixtures 120 500 (25) Bank 400
Old Ltd (5)
Bank
Answer to Question 2.15A
(12) Bank (21) Loan: Berry
(2) (8)
Office Fixtures 900 120 480 Capital (1)
(1) (2)
BA 1
Cash Bank
1,500 18,000
BA 1
Credited B Cowan Filing cabs M Davis Ltd M Peters Bank
Debited (b) Returns in (d) Purchases (f) J Hicks (h) Purchases (j) S Mulligan
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Credited L Keith Cash Returns Out Bank Sales
400
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 3.4A Cash 7,400 (2) 54 (7)
(1) Capital (19) Sales
(4) (7)
BA 1 Bank Purchases
7,000 362
(2) Cash (24) F Holmes (Loan)
Bank 7,000 (5) Van 4,920 (29) J Watson 368 1,500 (31) Firelighters Ltd 820
Purchases 410 362
J Watson Cash
Returns Outwards (12) J Watson
(12) Returns (29) Bank
J Watson 42 (4) Purchases 368
(10) Sales
L Less 218
Sales (10) L Less (19) Cash
42
Fixtures 410
(22) Firelighters Ltd
(5)
Bank
820 Van 4,920 F Holmes (Loan) (24) Bank
(31) Bank
Firelighters Ltd 820 (22) Fixtures Capital (1)
Answer to Question 3.6A
Bank 18,000 (21) Printer 250 (29) B Hind
(5) Sales (12) Sales
Cash 210 (18) Bank 305
620 1,373
(2) (3) (8)
B Hind G Smart G Smart
250
Sales (5) Cash (10) P Syme (12) Cash (22) H Buchan
1,455
Purchases Purchases
472 370
(10) Sales
P Syme 483 (23) Returns In
160
(22) Sales
H Buchan 394 (25) Returns In
18
A Cobb (31) Machinery
419
(31) A Cobb
Machinery 419
18,000
(21) Bank
Printer 620
G Smart 47 (3) (8)
Capital (1)
820 7,400
Purchases 1,455 472 370
Purchases
(28) Returns Out
Cash
1,500
BA 1
(1) Capital (18) Cash
B Hind (6) Returns Out 82 (2) (29) Bank 1,373
218 54
Bank
(23) P Syme (25) H Buchan
Returns Inwards 160 18 Returns Outwards (6) B Hind (28) G Smart
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210 483 305 394
82 47
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 4.3A
BA 1
July (1) Bank Cash Capital (2) Stationery Bank (3) Purchases T Smart (4) Cash Sales (5) Insurance Cash (7) Computer J Hott (8) Electricity Bank (10) C Biggins Sales (11) T Smart Returns Out (14) Wages Cash (17) Rent Bank (20) Bank C Biggins (21) J Hott Bank (23) Stationery News Ltd (25) F Tank Sales (31) News Ltd Bank
Dr 5,000 1,000
Cr
6,000 75 75 2,100 2,100 340 340 290 290 700 700 32 32 630 630 550 550 210 210 225 225 400 400 700 700 125 125 645 645 125 125
12 © Pearson Education Limited 2019
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 4.4A
BA 1
Bank (1) Capital 11,000 (5) Stationery 62 (24) K Fletcher 250 (16) Business rates 970 (28) Business rates 45 (19) Rent 75 (28) J Biggs 830 (28) D Martin 415 (28) B Black 6,100
(1)
Capital
Cash 1,600 (3) Purchases (4) Rent (7) Wages (11) Rent (18) Insurance (21) Motor exps (23) Wages Capital (1) (1)
Bank Cash
(2) (2) (2) (3)
370 75 160 75 280 24 170
11,000 1,600
Purchases 830 610 590 370
J Biggs D Martin P Lot Cash
Sales (6) D Twigg (6) B Hogan (6) K Fletcher (15) T Lee (15) F Sharp (15) G Rae
370 290 410 205 280 426
Returns Outwards (10) D Martin
195
(13) B Hogan
Returns Inwards 35
(28) Bank
B Black 6,100 (20) Van
(4) Cash (11) Cash (19) Bank
Rent 75 75 75
(28) Bank
J Biggs 830 (2)
Purchases
830
(7) Cash (23) Cash
Wages 160 170
(10) Returns Out (28) Bank
D Martin 195 (2) Purchases 415
610
(5)
Stationery 62
Bank
(16) Bank
P Lot (2)
Business rates 970 (28) Bank
45
(6)
Sales
D Twigg 370
6,100
Purchases
590
(18) Cash
Insurance 280
(6)
Sales
B Hogan 290 (13) Returns In
35
(21) Cash
Motor Expenses 24
(6)
Sales
K Fletcher 410 (24) Bank
250
(20) B Black
Van 6,100
(15) Sales
T Lee 205
(15) Sales
F Sharp 280
(15) Sales
G Rae 426
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Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 4.6A
BA 1
(A) Goods bought on credit £27,000. (B) Borrowed £35,000 and immediately spent it on land and buildings £35,000. (C) Sold goods costing £20,000 for £30,000 on credit. (D) Debtors paid £13,000 which was deposited in the bank. (E) Debtors paid £2,000: This amount taken by proprietor as drawings. (F) Took £5,000 drawings by cheque and paid off £3,000 accrued expenses by cheque. (G) Equipment costing £30,000 sold for £21,000, resulting in a £9,000 loss on disposal. (H) Goods taken for owner’s personal use £1,000. (I) Took £6,000 cash as drawings. Alternatively could have been £6,000 cash stolen – thus reducing cash and causing a loss.
Answer to Question 5.6A (1) Sales (21) Sales (1)
Balance b/d
(1) Sales (8) Sales (21) Sales
BA 1
P Black 620 (19) Bank 180 (31) Balance c/d 800
620 180 800
(15) Returns Out (28) Bank
180 G Smith 84 (31) Balance c/d 322 860 1,266
(1)
Balance b/d 1,266
(1) (8)
Sales Sales
L Sime 1,200 (10) Returns In 448 (19) Bank (31) Balance c/d 1,648
(1)
Balance b/d 1,406
(1)
Sales
J Teel 608 (10) Returns In (12) Cash 608
(31) Balance c/d 1,266
(28) Bank (31) Balance c/d 62 180 1,406 1,648
Purchases
G Lime 180 (2) 30 210
Black, Smith and Sime are debtors. Donovan, Lime and Still are creditors.
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T Still 21 (2) 100 (9) 40 363 524 (1)
63 215 278
Balance b/d
278
Purchases
210 210
(31) Balance b/d
(15) Returns Out (28) Bank (31) Returns Out (31) Balance c/d
190 190
I Donovan 278 (2) Purchases (9) Purchases 278 (1)
1,266
164 444 608
P Best 25 (2) 165 190
Purchases Purchases
30
360 164
524 Balance b/d
363
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 5.7A 2020 May 1 May 19 May 21
2020 May 1 May 8 May 21
2020 May 1 May 8 May 10 May 19
2020 May 1 May 10 May 12
2020 May 2 May 15 May 28
2020 May 2 May 9
2020 May 2 May 28
2020 May 2 May 9 May 15 May 28 May 31
Sales Bank Sales
Sales Sales Sales
Sales Sales Returns Bank
Sales Returns Bank
BA 1 F Black Dr 620
620 180 G Smith Dr 84 322 860 L Sime Dr 1,200 448
J Teel Dr 608
G Lime Dr
Balance 1,200 Dr 1,648 Dr 1,586 Dr 1,406 Dr
Cr
21 100 40
15 © Pearson Education Limited 2019
Balance 608 Dr 444 Dr 0
Cr 190
Balance 190 Cr 165 Cr 0
Cr 63 215
Balance 63 Cr 278 Cr
Cr 210
Balance 210 Cr 30 Cr
Cr 360 164
Balance 360 Cr 524 Cr 503 Cr 403 Cr 363 Cr
180 T Still Dr
Purchases Purchases Returns Bank Returns
Cr
25 165
Purchases Purchases
Purchases Bank
Balance 84 Dr 406 Dr 1,206 Dr
164 444
I Donovan Dr
Balance 620 Dr 0 180 Dr
Cr
62 180
P Best Dr Purchases Returns Bank
Cr
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 6.3A (1) Capital (28) T Potts (28) J Field (30) Capital
(1)
Balance b/d
(5)
Sales (26) Loan from B Bennet
(1)
Balance b/d
(3) (3) (3) (3)
J Small F Brown R Charles T Rae (19) R Charles (19) T Rae (19) F Jack
(1)
Balance b/d
(30) Balance c/d
(30) Balance c/d
(20) J Field (20) T Potts
(1)
Balance b/d
(30) Balance c/d
BA 1
Bank 15,000 (6) Rent 175 71 (7) Business rates 130 42 (23) J Small 272 900 (23) F Brown 1,200 (23) T Rae 500 (25) Van 6,200 (30) Balance c/d 7,536 16,013 16,013 7,536 Cash 610 (17) Wages (30) Balance c/d 750 1,360
(6) (1)
Bank Balance b/d
F Brown 1,200 (3)
(23) Bank
Purchases 290 (30) Balance c/d 1,200 530 610 110 320 165 3,225
3,225 (23) Bank (30) Balance c/d
3,225 (30) Balance c/d
3,225 Sales 2,383 (5) Cash (11) T Potts (11) J Field (11) T Gray 2,383
610 85 48 1,640 2,383
(1)
2,383
Balance b/d
Returns Outwards 45 (18) J Small (18) R Charles 45
18 27 45
(1)
45
Balance b/d
Returns Inwards 6 (30) Balance c/d 14 20
(30) Balance c/d
20
15,000 900 15,900
Balance b/d
15,900 11,150 11,150
11,150 Rent 175 (30) Balance c/d 175
175
J Field 48 (20) Returns In (28) Bank 48
(11) Sales
20
20 Capital 15,900 (1) Bank (30) Bank 15,900
(11) Sales
(11) Sales (1) Balance b/d
T Gray 1,640 (30) Balance c/d 1,640 Turnkey Motors 4,950 (21) Van (1) Balance b/d Trial Balance 7,536 1,070 3,225
Bank Cash Purchases Sales Returns Outwards Returns Inwards Capital Van Rent Business rates Wages Loan from B Bennet R Charles T Rae F Jack T Gray Turnkey Motors
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Purchases
R Charles 27 (3) Purchases 613 (19) Purchases 640 (1) Balance b/d T Rae 500 (3) Purchases 430 (19) Purchases 930 (1) Balance b/d F Jack 165 (19) Purchases (1) Balance b/d T Potts 85 (20) Returns In (28) Bank 85
(18) Returns Out (30) Balance c/d
Van (21) Turnkey Motors 4,950 (30) Balance c/d (25) Bank 6,200 11,150 Balance b/d
Bank Balance b/d
1,360
1,070
(1)
(1)
290 1,070
Business rates 130 (30) Balance c/d 130 Wages (17) Cash 290 (30) Balance c/d (1) Balance b/d 290 Loan from B Bennet (30) Balance c/d 750 (26) Cash (1) Balance b/d J Small (18) Returns Out 18 (3) Purchases (23) Bank 272 290
(7) (1)
130
290
750 750 290 290 1,200 530 110 640 613 610 320 930 430 165 165 14 71 85 6 42 48 1,640
4,950 4,950
2,383 45 20 15,900 11,150 175 130 290 750 613 430 165 1,640 25,236
4,950 25,236
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 6.4A Cash (1) Capital 10,500 (2) (21) Sales 145 (3) (30) Loan: B Barclay 500 (11) (30) A Tom 614 (30) 11,759 (1) Balance b/d 1,419
BA 1
Bank Purchases Salaries Balance c/d
Bank (2) Cash 9,000 (8) Rent (16) Loan: B Barclay 2,000 (15) Van (29) R Pleat 158 (26) F Hood (29) L Fish 370 (26) M Smith (30) Balance c/d 11,528 (1) Balance b/d 3,790 (3) (4) (4) (4) (4)
Cash T Dry F Hood M Smith G Low
(1)
Balance b/d
(30) Balance c/d
(30) Balance c/d
(18) R Tong (18) M Singh (1)
Balance b/d
Purchases 550 (30) Balance c/d 800 930 160 510 2,950 2,950 Sales 1,783 (6) (6) (6) (6) (21) (24) (24) (24) 1,783 (1)
R Tong L Fish M Singh A Tom Cash L Fish A Tom R Pleat
9,000 550 790 1,419 11,759
220 6,500 900 118 3,790 11,528
Returns Outwards 72 (14) F Hood (14) M Smith 72 (1) Balance b/d
30 42 72 72
(30) Balance b/d
(30) Balance c/d
T Dry 800 (4) (1)
(14) Returns Out (26) Bank
M Smith 42 (4) 118 160
Cash Balance b/d
25
160 160
(30) Balance c/d
G Low 510 (4) (1)
Purchases Balance b/d
510 510
(30) Balance c/d
Buttons Ltd 89 (5) Stationery (1) Balance b/d
89 89 89
(1)
Balance b/d
89
790
(10) Chiefs Ltd (1) Balance b/d
Fixtures 610 (30) Balance c/d 610
610
(15) Bank (1) Balance b/d
Van 6,500 (30) Balance c/d 6,500
6,500
Loan from B Barclay 2,500 (16) Bank (30) Cash 2,500 (1) Balance b/d
2,000 500 2,500 2,500
(30) Balance c/d
Chiefs Ltd 610 (10) Fixtures (1) Balance b/d
610 610
(6) Sales (24) Sales
L Fish 240 (29) Bank 130 370
(30) Balance c/d
(6)
Sales
(1)
Balance b/d
(6) Sales (24) Sales
(24) Sales (6)
Sales
(1)
Balance b/d
10,500 10,500
Purchases
Stationery 89 (30) Balance c/d
Salaries 790 (30) Balance c/d 790
(14) Returns Out (26) Bank
800 800
Buttons Ltd
(11) Cash (1) Balance b/d
25
Purchases Balance b/d
(5)
220
2,950
Balance b/d
Capital 10,500 (1) (1)
Rent 220 (30) Balance c/d 220
2,950
170 240 326 204 145 130 410 158 1,783 1,783
Returns Inwards 5 (30) Balance c/d 20 25 25
Bank Balance b/d
(8) (1)
370 370
M Singh 326 (18) Returns In (30) Balance c/d 326 306 A Tom 204 (30) Cash 410 614
614 614
R Pleat 158 (29) Bank
158
R Tong 170 (18) Returns In (30) Balance c/d 170 165 F Hood 30 (4) 900 930
20 306 326
Purchases
5 165 170
930 930
Trial Balance Cash Bank Purchases Sales Returns Outwards Returns Inwards Capital Stationery Rent Salaries Fixtures Van Loan from B Barclay Chiefs Ltd M Singh R Tong T Dry G Low Buttons Ltd
1,419 3,790 2,950 1,783 72 25 10,500 89 220 790 610 6,500 2,500 610 306 165
16,864
17 © Pearson Education Limited 2019
800 510 89 16,864
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 9.2A
BA 1 Cash 295 310
(1) Balances b/d (2) Sales (3) Cash (4) F Bell (9) Business rates (11) Bank (13) Sales (16) J Bull (Loan) (20) K Brown
150 430 1,500
2,685
Answer to Question 9.4A
BA 1
Disct
Cash 420
(1) Balances b/d (2) S Braga (2) L Pine (2) G Hodd (2) M Rae (3) Sales (8) Bank (10) Sales (12) B Age (29) A Line (30) Sales (30) Balance c/d
41 16 22 52 400 1,260 4 980 135
3,060
Cash Book Bank 4,240 (3) Bank (5) Postage 200 (6) Office equipment 194 (7) L Root 115 (11) Cash (12) Wages (14) Motor expenses (28) General expenses 174 (30) Insurance (30) Balances c/d 4,923
Cash Book Bank 4,940 (5) Rent 779 (6) M Peters 304 (6) G Graham 418 (6) F Bell 988 (8) Cash 740 (14) Wages (16) R Todd (16) F Dury 276 (20) Fixtures 324 (24) Lorry (30) Stationery 12,623 (30) Balance c/d 21,392
Cash 200 80
Bank
310 94 150 400 81 35 1,970 2,685
Disct
Cash 340
9 24 10
320 3,968 4,923
Bank 351 936 390 400
540 15 12
70
295 400 4,320 14,300 56 2,124 3,060
21,392
Discounts Allowed 135
(30) Total for month
Discounts Received (30) Total for month
Answer to Question 9.6A
70
BA 1 Cash Book
Disct Balance b/d AB CD EF Bank ¢ Balance c/d
8 20 12
Bank 900 192 480 288
Disct Cash ¢ GH IJ Wages
Cash
45 70
Bank 100 555 1,330
130
100 40
Balance b/d
Cash 80
180 50
125 1,985
Balance c/d 115 Balance b/d
18 © Pearson Education Limited 2019
50 180
1,985 125
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
AB Balance b/d
200
Bank Discount received
192 8
200
200 CD
Balance b/d
500
Bank Discount received
480 20
500
500 EF
Balance b/d
300
Bank Discount received
288 12
300
300 GH
Bank Discount allowed
555 45
Balance b/d
600
600
600 IJ
Bank Discount received
1,330 70
Balance b/d
1,400
1,400
Answer to Question 10.3A
BA 1 Petty Cash Book Total Office Exps
Receipts 450 (1) (1) (2) (2) (3) (6) (8) (11) (12) (12) (14) (16) (16) (21) (22) (23) (24) (25) (26)
1,400
Balance b/d T Wise Staples and tape dispenser Black Motors Cleaning materials Envelopes Petrol I Dodds J Marsh Paper clips Petrol Adhesive tape Petrol Car tyre T Randall J Marsh I Gray Paper Monday Cars
36 19 42 3 10 18 12 7 2 16 1 24 63 15 16 21 7 74
Motor Exps
Cleaning
Casual Labour 36
19 42 3 10 18 12 7 2 16 1 24 63 15 16 21 7
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Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
(29) (30) 425
(30) (30)
Petrol T Pointer
19 20 425
Cash Balance c/d
39
Sales Day Book 970 560 120 430 390 240 650 3,360 General Ledger Sales (31) Total for month
(a) Invoice summaries: A Portsmouth 22 metres plastic tubing @ £1 6 sheets foam rubber @ £3 4 boxes vinyl padding @ £5 Less Trade discount 25% B Butler 50 lengths polythene sheeting @ £2 8 boxes vinyl padding @ £5 20 sheets foam rubber @ £3 Less Trade discount 20% A Gate 4 metres plastic tubing @ £1 33 lengths polythene sheeting @ £2 30 sheets foam rubber @ £3 Less Trade discount 25%
26
20 104
BA 1
(1) S Fry (3) J Hall (5) R Dunn (7) P Kay (16) A Dale (23) D Fu (30) A Cook
Answer to Question 11.4A
256
450 875
875
Answer to Question 11.2A
19
(1)
Sales
Sales Ledger S Fry 970
(3)
Sales
J Hall 560
(5)
Sales
R Dunn 120
(7)
Sales
P Kay 430
(16) Sales
A Dale 390
(23) Sales
D Fu 240
(30) Sales
A Cook 650
3,360
BA 1
22 18 20 60 15 45 100 40 60 200 40 160 4 66 90 160 40 120
(b) Sales Day Book (1) A Portsmouth (5) B Butler (11) A Gate (21) L Mackeson (30) M Alison
(1)
Sales
Sales Ledger A Portsmouth 45
(5)
Sales
B Butler 160
(11) Sales
A Gate 120
(21) Sales
L Mackeson 29
(30) Sales
M Alison 120
20 © Pearson Education Limited 2019
45 160 120 29 120 474
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
L Mackeson 29 metres plastic tubing @ £1
29
M Alison 32 metres plastic tubing @ £1 24 lengths polythene sheeting @ £2 20 boxes vinyl padding @ £5
32 48 100 180 60 120
Less Trade discount 331/3%
Answer to Question 11.6A
2,700 216 2,916 729 2,187
Less Trade discount 25%
F Clark 6 cricket bats @ £70 8 ice skates @ £40 5 rugby balls @ £34
420 320 170 910 182 728
Less Trade discount 20%
(a) Purchases Day Book (2) J Ring (11) F Clark (18) A Lane (25) J Jack (30) J Wood
(c) (30) Total for month
General Ledger Sales (30) Total for month
474
BA 1
Workings: Invoices J Ring 3 sets golf clubs @ £900 6 footballs @ £36
(b)
(c)
A Lane 6 sets golf trophies @ £55 4 sets golf clubs @ £720 Less Trade discount 331/3%
J Jack 5 cricket bats @ £48 Less Trade discount 25%
J Wood 8 goal posts @ £95 Less Trade discount 40%
2,187 728 2,140 180 456 5,691
Purchases Ledger J Ring (2) Purchases
2,187
F Clark (11) Purchases
728
A Lane (18) Purchases
2,140
J Jack (25) Purchases
180
J Wood (30) Purchases
456
General Ledger Purchases 5,691
21 © Pearson Education Limited 2019
330 2,880 3,210 1,070 2,140
240 60 180
760 304 456
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 11.8A
BA 1
(a) Purchases Day Book (9) C Clarke (16) A Charles (31) M Nelson
(b)
(c) (31) Total for month
Sales Day Book 240 160 50 450
(1) M Marshall (7) R Richards (23) T Young
Purchases Ledger C Clarke (9) Purchases
240
(1)
Sales
Sales Ledger M Marshall 45
A Charles (16) Purchases
160
(7)
Sales
R Richards 200
M Nelson (31) Purchases
50
(23) Sales
T Young 160
(1)
Sales
Sales Ledger B Dock 240 (10) Returns
(1)
Sales
M Ryan 126
(1) (6)
Sales Sales
G Soul 94 99
(1)
Sales
F Trip 107 (10) Returns
(6)
Sales
P Coates 182
(6)
Sales
L Job 203 (24) Returns
General Ledger Purchases Account 450 Sales Account (31) Total for month
Answer to Question 11.11A
405
BA 1
Sales Day Book
(1) B Dock (1) M Ryan (1) G Soul (1) F Trip (6) P Coates (6) L Job (6) T Mann (20) B Uphill (30) T Kane
240 126 94 107 182 203 99 1,790 302 3,143
Returns Inwards Day Book (10) B Dock (10) F Trip (24) L Job
General Ledger Sales (30) Total for the month
19 32 16 67
3,143
(20) Sales
B Uphill 1,790
(30) Sales
T Kane 302
(6)
T Mann 99
Returns Inwards (30) Total for the month
45 200 160 405
67 Sales
22 © Pearson Education Limited 2019
19
32
16
Sangster and Gordon, Frank Wood’s Business Accounting 1, 14e, Solutions Manual
Answer to Question 11.13A
BA 1
Sales Day Book (3) E Rigby (3) E Phillips (3) F Thompson (8) A Green (8) H George (8) J Ferguson (20) E Phillips (20) F Powell (20) E Lee
510 246 356 307 250 185 188 310 420 2,772
Returns Inwards Day Book (14) E Phillips (14) F Thompson (31) E Phillips (31) E Rigby
18 22 27 30 97
Sales
Sales Ledger E Rigby 510 (31) Returns In
30
(3) Sales (20) Sales
E Phillips 246 (14) Returns In 188 (31) Returns In
18 27
(3)
Sales
F Thompson 356 (14) Returns In
Sales
A Green 307
Sales
H George 250
Sales
J Ferguson 185
(20) Sales
F Powell 310
(20) Sales
E Lee 420
(3)
(8) (8) (8)
Purchases Day Book (1) K Hill (1) M Norman (1) N Senior (5) R Morton (5) J Cook (5) D Edwards (5) C Davies (24) C Ferguson (24) K Ennevor
Returns Outwards Day Book (12) M Norman (12) N Senior (31) J Cook (31) C Davies
380 500 106 200 180 410 66 550 900 3,292
30 16 13 11 70
Purchases Ledger K Hill (1) Purchases
380
(12) Returns Out
M Norman 30 (1) Purchases
500
(12) Returns Out
N Senior 16 (1)
Purchases
106
R Morton (5) Purchases
200
J Cook 13 (5)
Purchases
180
D Edwards (5) Purchases
410
C Davies 11 (5)
Purchases
66
C Ferguson (24) Purchases
550
K Ennevor (24) Purchases
900
22
(31) Returns Out
(31) Returns Out
General Ledger Sales (31) Sales Day Book
Returns Inwards 2,772
(31) Returns In Day Book
Purchases (31) Purchases Day Book
97 Returns Outwards (31) Returns Out Day Book
3,292
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