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

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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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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