Mr. Munachi owns Munachim Enterprises. The business commenced operations in June 2018. The business trades in all kinds of stationery, wallpaper, and house fittings. The following transactions occurred in Munachim Enterprises during June 2019:
June 2: 2 realms of A4 paper were sold on credit to Madam Ebere for ₦5,000. Sales Invoice Number 7889 was used to record the transaction.
June 4: 5 calculators were sold on credit to Mr. Paul for ₦28,000. Sales Invoice Number 7890 was used to record the transaction.
June 7: 3 wallpapers were sold on credit to Mr. Philip for ₦4,500. Sales Invoice Number 7891 was used to record the transaction.
June 12: 10 realms of A4 paper were sold on credit to Madam Charity for ₦25,000. Sales Invoice Number 7892 was used to record the transaction.
June 17: 5 mathematical sets were sold on credit to Mr. Tim for ₦10,000. Sales Invoice Number 7893 was used to record the transaction.
June 25: 8 staplers were sold to Finish Well Schools for ₦12,000 on credit. Sales Invoice Number 7894 was used to record the transaction.
The previous Sales Day Books have been prepared every month. The Sales Ledger is prepared based on the presence of credit customers. The transactions with a particular customer are recorded on a page. As at May 31, 2019, five credit customers were Jude, James, Joseph, Grace, and Mercy.
Required: Record the transactions in the Sales day book for June 2019.
A suggested answer to practice activity 2.8
Munachim Enterprises
Sales Day Book for June 2019
Since the Sales Day Book is prepared every month, the Sales Day Book for June 2019 is the 13th one prepared since the business commencement. The Sales Day Book is prepared manually; it is assumed that it is on page 13.
If there were already five credit customers, then start with the 6th credit customer in the Sales Day Book for June 2019. The folio column represents the posting to each customer’s account in the Trade Receivables Ledger.
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