(a) You are to enter up the purchases journal and the returns outwards journal from the following details of Musajja Waza Constructors. Afterwards post the items to the relevant accounts in the purchases ledger and the general ledger.
2005
July 1 : Credit purchases from Benjamin Kinene Shs. 150,000.
July 2 : Credit purchases from: Kiyingi Shs. 30,000, Aligaweesa Shs. 35,000, CD and Co. Shs. 15,000
July 8 : Credit purchases from: Benjamin Kinene Shs. 50,000, Aligaweesa Shs. 32,000
July 12 : Good returned to: Kiyingi Shs. 5,000, CD and Co. Shs. 3,500
July 15 : Credit purchases from: Kiyingi Shs. 38,000, Aligaweesa Shs. 25,000
July 20 : Good returned to: Benjamin Kinene Shs. 3,000, Aligaweesa Shs. 2,500
July 25 : Credit purchases from C. Kiyingi Shs. 29,000
Revision questions
QN.1
SEEDS (U) Ltd has the following credit purchases and sales for the month of June 2005
June 1st Bought 5 sacks of beans at shs. 100,000 each from Okello and Brothers.
3rd Bought from Isabirye & sons, 10 sacks of maize at shs. 70,000 each
4th sold to Care Ltd, 2 sacks of beans at shs. 120,000 each and 4 sacks of maize at shs. 80,000 each
5th Bought from Okello & Brothers, 10 sacks of beans at shs. 90,000 each.
6th sold to Mbogo Traders, 4 sacks of maize at shs. 80,000 each
7th Bought from Joy & sons, 5 sacks of Maize at shs. 90,000 each and 4 sacks of beans at shs. 95,000 each.
10th Bought from Isabirye &Sons, sacks of maize at shs. 65,000 each
14th Sold to Care Ltd 6 sacks of maize at shs. 80,000 each and to Black Boys, 4 sacks of beans at shs. 125,000 each.
18th Sold to the following;
Mbogo Traders , 10 sacks of maize at shs. 85,000each.
Good day Ltd, 7 sacks of millet at shs 120,000 each
22nd Bought from the following
25th Sold to Malibu, 4 sacks of rice at shs 250000 each.
26th Bought from Come all Ltd , 2 sacks of beans At shs. 120,000 each and 2 sacks of rice at shs 200,000 each.
28th sold to black Boys Ltd, 6 sacks of millet at shs. 75,000 each.
REQUIRED
QN.2
Use the following information that relates to NILE TRADERS LTD for the month of December 2007 to prepare the sales journal, purchases journal, the sales and purchases ledgers and the general ledger.
1st Credit purchases from Agaba on invoice No. 36. 300,000
2nd credit purchases from Mamba on invoice No. 37 450,000
3rd credit sales to Sarah on invoice No. S23 270,000
4th Credit purchases from Robert on invoice No.38 350,000
5th Returned goods to Agaba 60,000
6th Credit sales to Brain on invoice No. S24 210,000
8th Credit purchases from Jane on invoice No.39 550,000
10th Goods returned by Sarah 40,000
11th Credit purchases from Dan on invoice No. 40 600,000
12th Credit sales to Julius on invoice No. S25 370,000
13th Credit purchases from Jimmy on invoice No.41 370,000
15th Goods Returned to Robert 50,000
17th Goods returned by Julius 30,000
18th Credit purchases from
24th Credit sales to Ogwanga on invoice No. S26 650,000
25TH Credit sales to Betty on invoice No. S27 530,000
29TH Goods returned to Okello 60,000
30th Goods returned by Betty 30,000
QN.3
Enter the following transactions in Shambombo ‘s sales, journal, sale returns journal, then post the item to their relevant accounts in the sales ledger and general ledger.
Feb 1st Credit sales to peter Shs. 5800, John shs. 6,700, Kairaki Shs. 2500
Feb 3rd credit sales to Andrew Shs. 7,500, John Shs. 4,500
Feb 9th Goods returned by Peter Shs. 1700, Kairaki Shs. 2,300
Feb 17th Credit sales to Andrew shs. 2,700, Peter Shs. 2100
Feb 20th goods returned inbusiness by John shs. 300, by Peter shs. 400
Feb. 31st credit sales to Kairaki Shs. 3,500, Joshua Shs. 3,000.
QN.4
Enter the following transactions in Anjoga’s purchases day book, purchases returns book, transfer the totals to the general ledger and open un individual creditors account in the purchases ledger.
| 2000 Oct | Details | Amount (Shs) |
| 2nd | Credit purchases from Muhindo | 3,800 |
| 2nd | Credit purchases from Kiyaga | 4,900 |
| 7th | Credit purchases from Musanje | 3,200 |
| 7th | Credit purchases from Mukoda | 5,300 |
| 12th | Goods returned to Kiyaga | 2,200 |
| 12th | Good returned to Mukoda | 2,300 |
| 18th | Credit purchase from Muhindo | 3,200 |
| 19th | Credit purchase from Musanje | 4,500 |
| 25th | Goods returned to Muhindo | 1,900 |
| 29th | Goods returned by us to Mukoda | 2,000 |
| 29th | Credit purchase from Kiyaga | 3,100 |
| 30th | Goods returned to Musanje | 2,500 |
QN.5
Open up the sales day book, purchases day book. Returns inward journal returns outward journal. Post them to their relevant accounts in the sales and purchases ledger and transfer the totals to the relevant accounts in the general ledger.
2003 July;
1st Credit purchases from Burton 25,000, Mathew 14,500, Andrew 35,000
4th Credit sales to David shs. 41,000, white 34,000, black 27,000.
10th credit purchases from Thomas 14,700, Burton 10,000, Mathew 8,000
20th Credit purchases from Thomas 18,600, Burton 25,000, Mathew, 8,000
22nd credit sales to white 15,000, David 22,000.
25th Goods returned by business to Thomas 2,000, Mathew 1,500
2006 invoices received invoice No. Amount
Oct
1st Seeta traders 512 58,000
11th Top emporium 016 36,700
19th Bombo suppliers 142 24,600
25th Maganjo enterprises 034 85,800
0ct invoices issued
2nd Kimbowa and sons 666 92,000
5th Katabi enterprises 667 18,600
14th Kimeze and sons 668 55,000
18th Happy hours enterprises 669 24,100
25th Onyami groceries 670 33,300
2006 credit notes credit Amount
Oct received note No shs
14th Seeta trader 017 3,000
17th Top emporium 216 700
29th Maganjo enterprise 060 500
Credit notes issued
7th Katabi enterprises 73 600
18th Kimeze and sons 74 500
20th Happy hours enterprise 75 100
26th Onyami groceries 76 3,300
Required
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