ILLUSTRATIVE EXAMPLE Record the following credit purchases transactions in the Creditors Journal of Topsy Traders for July 2010. Post to the relevant ledger accounts in the General Ledger and the Creditors Ledger. Prepare a creditors list on 31 July 2010. Balances/Totals on 1 July 2010: Creditors control........... Trading stock................ Equipment.. Consumable stores. Repairs Stationery. List of Creditors on 30 June 2010: Longwane Suppliers. Richy Dealers.......... WW Wholesalers.. **** Transactions: July 2010 6. R23 100 R17 500 R35 000 . R4 000 R8 500 R1 390 R10 000 R12 000 R1 100. 23100 R1 300 R220 10. Longwane Suppliers delivered the following per credit invoice no. 7865: Purchased the following from Richy Dealers and received credit invoice no. XX413: • trading goods....... • stationery. merchandise.... R1 500 .R5 400 ************ Office computer. NB: A trade discount of 10% must be deducted on merchandise supplied and thereafter R200 must be included for carriage on purchases. Office computer is not subject to carriage and trade discount. 16. WW Wholesalers supplied the following as per order note (invoice no. 381) cleaning materials. .R160 R120 paper for printer....... 20. AB Garage did repairs to the firm's delivery van. Received their credit invoice no. G310 for R1700.
