Business, 29.04.2021 14:00 brainBoy480

P QUESTION EIGHT Mtoto Mary buys and sells on credit. She supplied the following information for the month
ended 31 May 2016.
2016
May 1 Trade receivables
31 Credit sales
Tshs
5,687,000,000
72,641,000,000
Receipts from credit customers 64,500,000,000
Credit notes issued to customers 8,242,000,000
Cash discounts allowed
1,894,000,000
800,000,000
The sales journal had been under-cast by Tshs. 86,000,000. A cheque received and banked on
300,000,000
8 May from John Bakery for Tshs.2,300,000,000 had been returned by the bank because of
Bad debts
Contra entry
insufficient funds.
EQUIRED
epare the sales ledger control account for the month ended 31 May 2016. Balance the
count at that date and bring the balance down on 1 June 2013.

Answers: 3

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P QUESTION EIGHT Mtoto Mary buys and sells on credit. She supplied the following information for t...

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