Louise Baldwin commenced business as a wholesaler on 1 March 2016.
Her sales on credit during March 2016 were:
March 9 Nevilles Electrical 4 computer monitors list price £180 each, less 20% trade discount
March 17 Malt by pic 20 computer printers list price £200 each, less 25% trade discount
March 29 Nevilles Electrical Assorted software list price £460, less 20% trade discount
All transactions are subject to Value Added Tax at 10%.
(a) Rule up a Sales Day Book and head the main columns as follows.
Enter the above information in the Sales Day Book, totalling and ruling off at the end of March 2016.
(b) Make the necessary postings from the Sales Day Book to the personal and nominal accounts in the ledger.
(c) Prepare a trial balance as at 31 March 2016.