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Note: Ignore the effect of VAT on all the transactions.
Complete the following subsidiary journals in the below EXACT formal:
- Cash Receipts Journal (22)
Cash Receipts Journal of Superheroes SA for October 2019
|
Doc no. |
D |
Details |
F |
Analysis of Receipts |
Bank |
Sales |
Cost of Sales |
Debtors Control |
Sundry Accounts |
||
|
Amount |
F |
Details |
|||||||||
Homework Answers
Solution:
Cash Receipts Journal
Cash Receipts Journal of Superheroes SA for October 2019
| Doc no. | Details | D F | Analysis of Receipts | Bank | Sales | Cost of Sales | Debtors Control | Sundry Accounts | Amount | F | Details |
| CRR1 | Sale of CDs | Sale of CDs | 1500 | 1500 | receipts | ||||||
| CRR2 | Sale of CDs | Sale of CDs | 2700 | 2700 | receipts | ||||||
| CRR3 | Sale of CDs | Sale of CDs | 3300 | 3300 | receipts | ||||||
| CRR4 | Sale of CDs | Sale of CDs | 4200 | 4200 | receipts | ||||||
| 460 | Kelly | Settlement | 750 | 750 | receipts | ||||||
| 461 | John Brown | 5% of Capital | 8750 | 8750 | receipts | ||||||
| 463 | Lefa | Settlement | 500 | 500 | receipts | ||||||
| Total Cash Receipts | 11700 | 0 | 1250 | 8750 | 21700 |
Add Answer to:
Note: Ignore the effect of VAT
on all the transactions.
Complete the following subsidiary
journals in...
Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger and draw up a trial balance
Question 1
(Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent)
Required
Record the transactions in the correct subsidiary journals, post to the general
ledger, debtors ledger and creditors ledger, and draw up a trial balance.
On 1 January 2007, Pets Traders had the following balances:
Stock R1 500 -Capital R2 287
Bank (favourable)R 1 200 - VAT control (Cr.) R900
Debtors: A. Adams R171
Debtors:B. Brown R855
Creditors: F.Farmell R1197
Creditors:...
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Updated question.
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