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04 06 QUESTION 2 The following information relates to DMS Company ltd, producers of Alcoholic beverages. In January 2020, the company undertook the following transactions Date Details 01 Purchase from Queen Esther 700 bags of sugar @ 425 per bag on credit 02 Sold 100 crates of Guinness to Mensah on credit c36 per crate 03 Sold to Black Star Enterprise 50 crates of Club heer @ 424 per crate Credit sales to Haruna GHe 15.000 05 Credit sales King Davis GH32.000 Credit sales to "Ghana at 63 Sectotariat" GH445,000 07 Cash sales of 150 empty crates to D-Love puh @e12 per crate Cash sales of 200 empty bags or sugar to Hajia Shukina @c10 per bag Croidit purchase of sugar from Komenda Sugar Company Itd @ 450,000 10 Bought 160 bags of millet from Bonsasu Millet Company on credit. The total cost of all the millet is GH96,000 DMS Company Ind decided to retum 2 bags of millet bought from Borusu Millet Company to them at an agreed price of GH600 per bug. The company. DMS is not satisfied with the price offered by Queen Esther for her sugar and decided to return 100 bags of sugar to Queen Esther & 25 per hag Ghunu at 3 Secretariat decided to return the drinks sold to them because Ghanaians have been advised to stop driving excessively. The total cost of the drink renumed to DMS was GH15,000 Out of the 200 empty sugar bags sold to Hajia Shekinat, she has returned 50 at the agreed price of GHe 10 per ba Cash purchases from Jesus Is My Friend Enterprise at a total cost of Ge17.500 08 09 11 12 13 14 15 You are required to record the above transactions in the following day books. a) Sales Day Book b) Purchases Day Book c) Retom inward Day Book 1) Retum Outwand Day book. e) Show the amount to be posted to Sales ledger 1) Show the amount to be posted to the Purchases ledger 10 marks

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