On 1 January 2007, Pets Traders had the following balances: R Stock 1 500 Capital 1...
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On 1 January 2007, Pets Traders had the following balances: R Stock 1 500 Capital 1 200 VAT control (Cr.) Bank (favourable) Debtors: A. Adams 171 Creditors: F. Farmell B. Brown 855 P. Peter Furniture 1 000 The following transactions took place during January 2007: Cash sales - Cash Register Date R Jan. 7 228 14 342 21 456 28 570 Original credit invoices received: Date Jan. 4 P. Smith for goods 8 J. Lotz for stationery 57 10 S. Pretorius for office desk 285 16 F. Farmell for goods 2052 (Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) R 2 287 900 1 197 342 R 684 Duplicate credit invoices issued: Date Jan. 11 A. Adams for goods 17 B. Snell for goods Duplicates of receipts issued: Date Jan. 4 No. 10 B. Brown in settlement less 5% discount 10 11 H. Owner for rent of the shop 18 12 - A. Debt for an account written off as bad debt during November 1995 25 13 - S. Swart for old furniture sold Credit notes received for goods returned: Date Jan. 8 P. Peter R 1 026 1 482 R 570 228 57 R 114 Cheques issued: Date Jan. 2 No. 40 F. Farmell in settlement less 5% discount 4 41 Cash for petty cash imprest 5 42 10 Makro for goods SABC for advertising 43 15 44 P. Peter for goods 20 45 City council for electricity 46 SARS (VAT) 25 47 - P. Flat for rent of private house of the owner Sundry transactions: Date Jan. Items on the bank statement, but not in the cash book: (a) Service fees (b) Interest on savings account (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods Required 1 Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger, and draw up a trial balance. 31 - - - R 100 570 342 2 280 228 900 456 R 199 50 30 4 500 [25] On 1 January 2007, Pets Traders had the following balances: R Stock 1 500 Capital 1 200 VAT control (Cr.) Bank (favourable) Debtors: A. Adams 171 Creditors: F. Farmell B. Brown 855 P. Peter Furniture 1 000 The following transactions took place during January 2007: Cash sales - Cash Register Date R Jan. 7 228 14 342 21 456 28 570 Original credit invoices received: Date Jan. 4 P. Smith for goods 8 J. Lotz for stationery 57 10 S. Pretorius for office desk 285 16 F. Farmell for goods 2052 (Amounts are 14% VAT inclusive, where applicable. All calculations are to be done to the nearest cent.) R 2 287 900 1 197 342 R 684 Duplicate credit invoices issued: Date Jan. 11 A. Adams for goods 17 B. Snell for goods Duplicates of receipts issued: Date Jan. 4 No. 10 B. Brown in settlement less 5% discount 10 11 H. Owner for rent of the shop 18 12 - A. Debt for an account written off as bad debt during November 1995 25 13 - S. Swart for old furniture sold Credit notes received for goods returned: Date Jan. 8 P. Peter R 1 026 1 482 R 570 228 57 R 114 Cheques issued: Date Jan. 2 No. 40 F. Farmell in settlement less 5% discount 4 41 Cash for petty cash imprest 5 42 10 Makro for goods SABC for advertising 43 15 44 P. Peter for goods 20 45 City council for electricity 46 SARS (VAT) 25 47 - P. Flat for rent of private house of the owner Sundry transactions: Date Jan. Items on the bank statement, but not in the cash book: (a) Service fees (b) Interest on savings account (c) Cheque from S. Swart unpaid (refer January 25) Closing stock: Goods Required 1 Record the transactions in the correct subsidiary journals, post to the general ledger, debtors ledger and creditors ledger, and draw up a trial balance. 31 - - - R 100 570 342 2 280 228 900 456 R 199 50 30 4 500 [25]
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Date Particulars Debit Credit 7 th Jan Cash 228 14 th Jan Cash ... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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