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4.8 Drawing up a trial balance  (Page 3/3)

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ACTIVITY1

ASSIGNMENT 2

CASH PAYMENTS JOURNAL OF HATTING DEALERS - APRIL 2003 CPJ 3.7.1

Doc Day Name of payee Fol Bank Trading inventory Cost of materials Wages Creditors control
Sundries Account
Amount Fol Details
200 2 Perfectum Builders 80 000 - 80 000 - B2 Land and Buildings 201 3 Stylish Equipment 4 500 - 4 500 - B3 Equipment 202 4 Cash 180 - 180 - B8 Change 203 Caro Ltd. 2 675 - 2 675 - 204 7 Cash 560 - 560 - 205 10 Trust Brokers 600 - 600 - N5 Insurance 206 14 Cash 560 - 560 - 207 ZY Wholesalers 6 130 - 5 950 - 180 - N6 Stationery 208 16 Larnie Furnishers 3 760 - 3 760 - 209 17 Caro Ltd. 2 896 - 2 896 - 210 Cash 560 - 560 - 211 Wesco Distributors 3 875 - 3 875 - 212 28 Cash 560 - 560 - 213 30 J Henning 2 110 - 2 110 - N7 Salary 214 Bengo Wholesalers 14 994 - 14 994 - 123 960 - 9 825 - 5 571 - 2 240 - 18 754 - 87 570 - B7 B5 N8 N9 B9

ACTIVITY1

ASSIGNMENT 2

CASH RECEIPTS JOURNAL OF HATTING DEALERS - APRIL 2003 CRJ 3.7.1

Doc Day Details Fol Analysis Bank Sales Selling costs Current income Debtors control
Sundries Account
Amount Fol Details
01 1 P. Hatting 105 000 - 105 000 - 105 000 - B1 Capital KR 5 Services provided 2 160 - 2 160 - 2 160 - 02 7 V. Jansen 660 - 660 - Blommie Florists 500 - 500 - N4 Rental income KP 7 Sales 5 800 - 6 960 - 5 800 - 4 600 - 03 14 D. Coetzee 300 - 300 - 300 - KR 17 Sales 3 820 - 3 820 - 2 440 - KR Services provided 3 220 - 7 040 - 3 220 - 04 21 G. Ferreira 200 - 200 - KR Sales 7 620 - 7 820 - 7 620 - 5 740 - KR 25 Services provided 1 736 - 1 736 - 1 736 - 05 28 V. Jansen 246 - 246 - KR Sales 1 944 - 2 190 - 1 944 - 1 406 - 133 206 - 19 184 - 14 186 - 7 116 - 1 406 - 105 500 - B7 N1 N3/B5 N2 B6

ACTIVITY1

ASSIGNMENT 2

CREDITORS JOURNAL OF HATTING DEALERS FOR APRIL 2003 CJ 3.7.1

Invoice Day Creditors Fol Creditors control Trading inventory Cost of materials Stationery
Sundries Account
Amount Fol Details
100 3 Larnie Furnishers 3 760 - 3 760 - B3 Equipment 101 5 Bengo Wholesalers 8 844 - 8 844 - 102 6 Willow Suppliers 2 500 - 2 500 - 103 7 Pen and Paper 228 - 228 - 104 9 Bengo Wholesalers 4 750 - 4 750 - 105 15 Toledo Motors 28 660 - 28 660 - B4 Vehicles 106 17 Willow Suppliers 3 420 - 3 000 - 420 - 107 19 Pen and Paper 106 - 106 - 108 26 Bengo Wholesalers 1 400 - 1 400 - 53 668 - 17 994 - 2 920 - 334 - 32 420 - B8 B5 N8 N6

ACTIVITY 1

ASSIGNMENT 2

Debtors Journal of Hatting Dealers DJ 3.7.1

Inv. Day Debtors Fol Sales Selling costs
4 V Jansen 660 495
10 D Coetzee 890 712
13 G Ferreira 260 128
16 D Coetzee 106 84
17 V Jansen 246 184
26 G Ferreira 340 272
2 502 1 875
B6/N1 B5/N3

ACTIVITY

ASSIGNMENT 2

General Ledger of Hatting Dealers

Balance Sheet Section
Date Details Fol Amount Date Details Fol Amount
Capital 2003 B1
Apr. 1 Bank CRJ3.7.1 105 000 -
Land and Buildings B2
Apr. 2 Bank CPJ3.7.1 80 000
Equipment B3
Apr. 3 Bank CPJ3.7.1 4 500
3 Creditors control CJ3.7.1 3 760
8 260
Vehicles B4
Apr. 15 Creditors control CJ3.7.1 28 660
Trading Inventory B5
Apr. 30 Bank CPJ3.7.1 9 825 Apr. 30 Trading Inventory CRJ3.7.1 14 186
30 Creditors control CJ3.7.1 17 994 30 Trading Inventory DJ3.7.1 1 875
Balance b/f 11 758
27 819 27 819
Mei 1 Balance a/b 11 758
Debtors Control B6
Apr. 30 Sales DJ3.7.1 2 502 Apr. 30 Bank CRJ3.7.1 1 406
Balance b/f 1 096
2 502 2 502
Mei 1 Balance c/f 1 096
Bank B7
Apr. 30 Total Receipts CRJ3.7.1 133 206 Apr. 30 Total Payments CPJ3.7.1 123 960
Balance b/f 9 246
133 206 133 206
May 1 Balance c/f 9 246
Change B8
Apr. 4 Bank CPJ3.7.1 180
Creditors Control B9
Apr. 30 Bank CPJ3.7.1 18 754 Apr. 30 Sundry purchases CJ3.7.1 53 668
Balance c/f 34 914
53 668 53 668
May 1 Balance b/f 34 914
Nominal Accounts Section
Sales N1
Apr. 30 Bank CRJ3.7.1 19 184
30 Debtors control DJ3.7.1 2 502
21 686
Current Income N2
Apr. 30 Bank CRJ3.7.1 7 116 -
Selling Costs N3
Apr. 30 Trading inventory CRJ3.7.1 14 186
Trading inventory DJ3.7.1 1 875
16 061
Rental Income N4
Apr. 7 Bank CRJ3.7.1 500
Insurance N5
Apr. 10 Bank CPJ3.7.1 600
Stationery N6
Apr. 14 Bank CPJ3.7.1 180
30 Creditors control CJ3.7.1 334
514
Salary N7
Apr. 30 Bank CPJ3.7.1 2 110
Cost of Materials N8
Apr. 30 Bank CPJ3.7.1 5 571
30 Creditors control CJ3.7.1 2 920
8 491
Wages N9
Apr. 30 Bank CPJ3.7.1 2 240

ACTIVITY 1

ASSIGNMENT 2

TRIAL BALANCE OF HATTING DEALERS AS AT 30 APRIL 2003

Dt. Cr.
Balance Sheet section
Capital B1 105 000
Land and Buildings B2 80 000
Equipment B3 8 260
Vehicles B4 28 660
Trading inventory B5 11 758
Debtors control B6 1 096
Bank B7 9 246
Change B8 180
Creditors control B9 34 914
Nominal Accounts section
Sales N1 21 686
Current income N2 7 116
Cost price of sales N3 16 061
Rental income N4 500
Insurance N5 600
Stationery N6 514
Salary N7 2 110
Cost of materials N8 8 491
Wages N9 2 240
169 216 169 216
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Source:  OpenStax, Economic and management sciences grade 9. OpenStax CNX. Sep 15, 2009 Download for free at http://cnx.org/content/col11074/1.1
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