Neco Model Questions Vol1 2021 Financial Accounting Question 30

A small manufacturing firm uses three books of original entry: Sales Journal, Purchases Journal and Cash Receipts Journal. During April 2021 the following transactions occurred:\n\n1. 5 April - Sold goods on credit to Alpha Ltd. for \(\text{₦}320,000\), terms 2/10, n/30.\n2. 12 April - Purchased raw materials on credit from Beta Supplies for \(\text{₦}210,000\), terms 1/15, n/45.\n3. 15 April - Received cash from Alpha Ltd. for \(\text{₦}156,800\), which includes the discount taken.\n4. 20 April - Paid cash to Beta Supplies \(\text{₦}208,080\) after taking the discount.\n5. 25 April - Sold goods for cash to a walk‑in customer for \(\text{₦}85,000\).\n\nFor each transaction indicate the appropriate book of original entry (Sales Journal, Purchases Journal, Cash Receipts Journal or Cash Payments Journal) and compute the total amount recorded in each of the three journals (excluding the Cash Payments Journal). Provide the three totals.