Question

The following details were extracted from the books of Juhudi Retailers
Invoices Issued:

2017		Sh
July 1	Mwango	120,000
July 4	Nyambura	60,000
July 10	Mwango	150,000
July 25	Nyambura	80,000
Invoices Received:
2017		Sh
July 1	Ndaru	220,000
July 3	Ndaru	90,000
July 14	Omari	40,000
July 28	Ndaru	110,000
Credit Notes Sent
2017		Sh
July 8	Mwango	20,000
July 26	Nyambura	16,000
Credit Notes Received
2017		Sh
July 11	Ndaru	30,000
July 27	Ndaru	10,000

Prepare Journal entries and show the posting of the totals to the relevant ledger accounts

Answer 1

Sales Journal
Date	Details	Invoice No.	l.f	Amount
20 -7 July 1 July 4 July 10 July 25 July 31	Mwango Nyambura Mwango Nyambura total posted to G.L(Cr)			SH 120,000 60,000 150,000 80,000 410,000

Purchases Journal
Date	Details	Invoice No.	l.f	Amount
20 -7 July 1 July 3 July 14 July 28 July 31	Ndanu Ndanu Omari Ndanu Total posted to G.L			Sh 220,000 90,000 40,000 110,000 460,000

Returns Inwards Journal
Date	Details	Invoice No.	l.f	Amount
20 -7 July 8 July 26 July 31	Mwango Nyambura Total posted to G.L(dr)			Sh 20,000 16,000 36,000

Returns Outwards Journal
Date	Details	Invoice No.	l.f	Amount
20-7 July 11 July 27 July 31	Ndaru Ndaru Total posted to G.L(cr)			Sh 30,000 10,000 40,000

Sales Account
Dr				Cr
.    .		.    .	.    .	20-7 July 31	Sundry Debtors	Sh 410,000

Purchases Account
Dr			Cr
20 -7 July 31	Sundry creditors	Sh 460,000	.    .	.   .	.   .

Returns Outwards Account
Dr			Cr
.    .	.   .	.   .	20-7 July 31		Sundry creditors	Sh 40,000

Returns Inwards Account
Dr			Cr
20 -7 July 31	Sundry debtors	Sh 36,000	.    .		.   .	.   .