Sales Ledger Entry

[Prajna B]

Following information is being provided by the Bell Computers Ltd

• On 3 December 2006 Alpha Ltd purchased 5 computers for $500 from Bell Computers Ltd. The credit period was ten days and received a payment of $500 on 13 December 2005.
• On 8 December 2006 Bell Computers Ltd sold 15 computers for $1,500 to Gamma Ltd
• On 13 December 2006 Gamma Ltd made a cheque payment of $1,000 to Bell Computers Ltd

What amount will be posted to the sales account in the ledger of Bell Computers Ltd for December?

A $2,000
B $500
C $1,500
D None of these

[Suze]

500 + 1500 = 2000

2000 will be posted to the sales ledger

[ABBAS ALI]

1. DR A/c receivable 500
CR sales 500

2. DR A/c receivable 1500
CR sales 1500

Total sales was 1500 + 500

So sales ledger total will be 2000