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Mirela runs a homeware shop as a sole trader. Her financial year ends on 30 June.
Ledger balances on 1 June 2026:
sales account (credit balance) $74 380
sales returns account (debit balance) $2 915
Sales and returns in June 2026:
goods sold on credit (total of the sales journal) $6 420
goods sold for cash, banked straight away $1 540
goods returned by credit customers (total of the sales returns journal) $286
Prepare Mirela's sales returns account for June 2026 and close it off to the income statement for the year to 30 June 2026. Write each entry on its own line as Dr or Cr, date, details and amount.
[2 marks]
🧭Modelled on Cambridge 0452 · May/Jun 2026 · Paper 22 · Q1(a)(ii)
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