The following entries are sales and purchases m... - SS2 Agriculture Farm Accounts II Question

The following entries are sales and purchases made by Johnson and Son's farm:

Sales Farm Account:

Date: June 10, 2023 Description: Sale of 200 bags of rice Amount: ₦150,000
Date: July 5, 2023 Description: Sale of 50 crates of eggs Amount: ₦20,000
Date: August 15, 2023 Description: Sale of 300kg of tomatoes Amount: ₦45,000
Date: September 20, 2023 Description: Sale of 15 heads of cattle Amount: ₦300,000
Date: October 2, 2023 Description: Sale of 400 baskets of oranges Amount: ₦80,000
Date: November 10, 2023 Description: Sale of 30 liters of honey Amount: ₦25,000
Date: December 15, 2023 Description: Sale of 1000kg of yam Amount: ₦60,000

Purchases Farm Account:

Date: June 12, 2023 Description: Purchase of 800kg of fertilizer Amount: ₦60,000
Date: July 8, 2023 Description: Purchase of 1500kg of chicken feed Amount: ₦30,000
Date: August 18, 2023 Description: Purchase of 75 liters of pesticides Amount: ₦12,000
Date: September 25, 2023 Description: Purchase of 4 plowing machines Amount: ₦200,000
Date: October 5, 2023 Description: Purchase of 1200 seedlings of tomatoes Amount: ₦40,000
Date: November 15, 2023 Description: Purchase of 20 bags of poultry feed Amount: ₦10,000
Date: December 20, 2023 Description: Purchase of 500kg of yam seeds Amount: ₦35,000

These entries reflect a range of sales and purchases transactions for Johnson and Son's Farms, taking into account various agricultural products and inputs.

Use the entries to prepare a sales and purchases account for the farm.

Sales account and purchase account for Johnson and Son's Farms

Sales Farm Account:

Date	Description	Amount (₦)
2023-06-10	Sale of 200 bags of rice	150,000
2023-07-05	Sale of 50 crates of eggs	20,000
2023-08-15	Sale of 300kg of tomatoes	45,000
2023-09-20	Sale of 15 heads of cattle	300,000
2023-10-02	Sale of 400 baskets of oranges	80,000
2023-11-10	Sale of 30 liters of honey	25,000
2023-12-15	Sale of 1000kg of yam	60,000

Purchases Farm Account:

Date	Description	Amount (₦)
2023-06-12	Purchase of 800kg of fertilizer	60,000
2023-07-08	Purchase of 1500kg of chicken feed	30,000
2023-08-18	Purchase of 75 liters of pesticides	12,000
2023-09-25	Purchase of 4 plowing machines	200,000
2023-10-05	Purchase of 1200 seedlings of tomatoes	40,000
2023-11-15	Purchase of 20 bags of poultry feed	10,000
2023-12-20	Purchase of 500kg of yam seeds	35,000

These tables provide a clear breakdown of the sales and purchase transactions for Johnson and Son's Farms, including the dates, descriptions, and corresponding amounts.

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