The double entry model：练习题

Which source document is used by a business to record daily cash sales in the cash book?

An invoice for goods shows a list price of \( \$2,000 \), a trade discount of \( 20\% \), and a cash discount of \( 5\% \) for payment within 10 days. What amount is recorded in the Sales Journal?

At the year-end, a business has trade receivables of \( \$50,000 \). This includes an irrecoverable debt of \( \$1,200 \) which needs to be written off. The provision for doubtful debts is to be adjusted to \( 4\% \) of the remaining receivables. The existing provision is \( \$1,500 \).

What is the total charge to the Income Statement for the year?

State the book of prime entry that would be used to record a credit note received from a supplier for goods returned.

A business sells an office computer for \( \$800 \) cash. State the double entry required to record the transfer of the original cost of the computer from the Asset account to the Disposal account.

A business has trade receivables of \( \$15,500 \) and an existing provision for doubtful debts of \( \$600 \). After writing off an irrecoverable debt of \( \$500 \), the provision is adjusted to \( 5\% \) of remaining receivables. State the journal entry required to record the adjustment to the provision.