The abridged special purpose journals for September 20x0, the first month of trading of Hotspot Traders Ltd,

Question:

The abridged special purpose journals for September 20x0, the first month of trading of Hotspot Traders Ltd, are given below:

You are required to:

1. Open the necessary accounts and post the above journals to the general, accounts receivable and accounts payable ledgers.

2. Prepare accounts receivable and accounts payable lists and compare them with the balances of the control accounts.

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Posted: Aug 30, 2023 03:45 AM

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The abridged special purpose journals for September 20x0, the first month of trading of Hotspot Traders Ltd,

Question:

Accounts receivable journal Details VAT A. Smith B. Carlisle Cosmo (Pty) Ltd Sales 400 500 300 1 200 56 70 42 168 Total 456 570 342 1 368 Accounts payable journal Details Xavier Ltd Y. Cara Purc. 700 800 1 500 VAT 98 112 210 Total 798 912 1 710

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General Ledger Accounts Debit Credit Equipment Account 4000 Salaries Accoun...View the full answer

Fundamental Accounting

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