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5 marksBooks of Original Entry and Discounts

CSEC Principles of Accounts · May/June 2015 · Paper 2 · Question 4(c)(i)

Transactions for Orvie Elwin for April include credit sales (Jack Long 6 000, Mary King 2 600, June Phillip 3 800), credit purchases (Up Top Ltd 2 500, Harry & Sons 3 800, Sealey's Ltd 4 250), and returns (Jack Long returned goods costing 300, June Phillip returned goods costing 150).

Record the transactions in the correctly labelled day books provided. (Include folio references.)

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Other parts of this question

  1. 4(a)Prepare the updated Cash Book to show the adjusted balance.[6 marks]
  2. 4(b)Starting with the updated cash book balance, draw up a Bank Reconciliation Statement for Orvie Elwin for the month of October 2014.[5 marks]
  3. 4(c)(ii)Total EACH day book at the end of the period. (Narratives required.)[4 marks]

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