From the following information prepare: (1) Debtor's Subsidiary / individual Ledger Accounts (2) Debtor's Control Account...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following information prepare: (1) Debtor's Subsidiary / individual Ledger Accounts (2) Debtor's Control Account (3) Debtor's Account Balance Reconciliation Statement/list (4) Sales Account (5) GST Output Account Balance of debtors' accounts as at 31 January 2021 Customer Simo Sime Samu Smit Sams Total Date 01-Feb-21 04-Feb-21 Debtor Transactions during the month of February 2021 were recorded in the respective journals below and you can post the information to ledgers and come up with account balances. Simo Sime Sime Smit Smit 05-Feb-21 07-Feb-21 08-Feb-21 12-Feb-21 Samu 18-Feb-21 Samu 31-Feb-21 Sams Total Amount Invoice No. 120 121 122 5,500 3,300 Sales Journal 123 124 125 126 127 0 900 500 10,200 Sales 5,000 9,000 6,000 3,000 4,000 10,000 7,000 12,000 56,000 GST 500 900 600 300 400 1,000 700 1,200 5,600 Total 5,500 9,900 6,600 3,300 4,400 11,000 7,700 13,200 61,600 Date 6-Feb-21 16-Feb-21 18-Feb-21 Total Date 08-Feb-21 10-Feb-21 10-Feb-21 12-Feb-21 16-Feb-21 18-Feb-21 19-Feb-21 Total Debtor Sime Samu Smit Sales Returns Journal Credit Note No. Sales Return 6 3,000 17 700 18 Particulars Simo Sime Samu Samu Sams Smit Sime 3,000 6,700 Cash Receipts Journal Receipt No. 800 801 802 803 804 805 806 GST 300 70 300 670 Total 3,300 770 3,300 7,370 Trade Debtors 5,500 3,300 3,300 10,300 500 4,400 9,900 37,200 Total 5,500 3,300 3,300 10,300 500 4,400 9,900 37,200 Additional Information: The following Journal entries were prepared on 28 February 2021: General Journal Date 28/02/2021 Bad Debts GST Output Particulars Simo (Recorded Bad Debt written off) 28/02/2021 Sime Bank (Recorded Cheque dishonored) 28/02/2021 Bank fee (Sime) Bank (Recorded Bank fee for dishonored cheque) Debit 5,000 500 5,500 50 Credit 5,500 5,500 50 From the following information prepare: (1) Debtor's Subsidiary / individual Ledger Accounts (2) Debtor's Control Account (3) Debtor's Account Balance Reconciliation Statement/list (4) Sales Account (5) GST Output Account Balance of debtors' accounts as at 31 January 2021 Customer Simo Sime Samu Smit Sams Total Date 01-Feb-21 04-Feb-21 Debtor Transactions during the month of February 2021 were recorded in the respective journals below and you can post the information to ledgers and come up with account balances. Simo Sime Sime Smit Smit 05-Feb-21 07-Feb-21 08-Feb-21 12-Feb-21 Samu 18-Feb-21 Samu 31-Feb-21 Sams Total Amount Invoice No. 120 121 122 5,500 3,300 Sales Journal 123 124 125 126 127 0 900 500 10,200 Sales 5,000 9,000 6,000 3,000 4,000 10,000 7,000 12,000 56,000 GST 500 900 600 300 400 1,000 700 1,200 5,600 Total 5,500 9,900 6,600 3,300 4,400 11,000 7,700 13,200 61,600 Date 6-Feb-21 16-Feb-21 18-Feb-21 Total Date 08-Feb-21 10-Feb-21 10-Feb-21 12-Feb-21 16-Feb-21 18-Feb-21 19-Feb-21 Total Debtor Sime Samu Smit Sales Returns Journal Credit Note No. Sales Return 6 3,000 17 700 18 Particulars Simo Sime Samu Samu Sams Smit Sime 3,000 6,700 Cash Receipts Journal Receipt No. 800 801 802 803 804 805 806 GST 300 70 300 670 Total 3,300 770 3,300 7,370 Trade Debtors 5,500 3,300 3,300 10,300 500 4,400 9,900 37,200 Total 5,500 3,300 3,300 10,300 500 4,400 9,900 37,200 Additional Information: The following Journal entries were prepared on 28 February 2021: General Journal Date 28/02/2021 Bad Debts GST Output Particulars Simo (Recorded Bad Debt written off) 28/02/2021 Sime Bank (Recorded Cheque dishonored) 28/02/2021 Bank fee (Sime) Bank (Recorded Bank fee for dishonored cheque) Debit 5,000 500 5,500 50 Credit 5,500 5,500 50
Expert Answer:
Answer rating: 100% (QA)
1 Debtors SubsidiaryIndividual Ledger Accounts Date Particulars Invoice No Sales GST Total Receipt N... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A Styrofoam slab has thickness h and density ps. When a swimmer of mass m is resting on it, the slab floats in fresh water with its top at the same level as the water surface. Find the area of the...
-
Dog's Best Friend manufactures dog food. During the month, it manufactured 3,000 bags of kibble, using 0.25 hour of direct labor per bag at a rate of $9.00 per hour. The materials and labor standards...
-
The controller of Diaz Co. believes that the yearly allowance for doubtful accounts for Diaz Co. should be 2% of net credit sales. The president of Diaz Co., nervous that the stockholders might...
-
Explain the terms res ipsa loquitur and judicial notice rule.
-
Organizing and maintaining a database are more complicated than organizing and maintaining independent files because a database provides more data retrieval functions and performs more operations. A...
-
Manufacturing Costs Assigned Job Number April May June Month Completed 10 $6,060 $5,420 May 11 4,800 4,640 $2,360 June 12 12 1,340 April 13 5,470 5,310 June 14 7,000 4,210 Not complete Job 12 was...
-
I need help on this read from bottom to top. Image transcription text 7"} The second ?nancial statement to prepare is the statement of retained earnings. To determine the ending balance of...
-
Account Title Debit Credit Cash Accounts receivable Office supplies Trucks 7,500 16, 000 6,380 191,000 Accumulated depreciation-Trucks $ 39,346 Land Accounts payable Interest payable Long-term notes...
-
Bamidele insured her house for $300,000 (insured value). It is actually worth $500,000 (actual value). She has no deductible. She has a basement flood with $40,000 damages . How much will the...
-
On November 12th Bloomberg reported that one euro (EUR) cost 20.1802 Mexican pesos (MXN) and that one Peruvian solas (PEN) cost 5.0592 MXN. (a) Are these exchange rates real or nominal? Briefly...
-
What is EBITDA? How does it compare to operating income? Which is likely to be the largest? When is it inappropriate to use EBITDA for the evaluation of company leadership (e.g. CEO). Identify and...
-
What is beta? What does it represent? Explain to an unsophisticated how to interpret beta. Also explain to this individual the pluses and minuses of beta in terms of measuring risk. Compare and...
-
A building covers an area of 420 sqft and is built on a parcel of land of an area 525 sqft. Calculate the Floor Space Ratio. (Please enter up to one decimal place)
-
Cynthia Cooper is the accounting manager for a manufacturing company. One of her responsibilities at year-end is to determine how to account for the company's contingencies. She has proposed a...
-
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
-
1. How might a poor set of recording procedures affect the flow of information to management? 2. Why should management be concerned about the efficiency of a firm's procedures for journalizing and...
-
What is the purpose of the Medicare tax?
-
Teagan Fitzgerald is the owner of Newport Jewelry, a store specializing in gold, platinum, and special stones. During the past year, in response to increased demand, Teagan doubled her selling space...
-
For the pediatrician presented in Example 1, find the probability that a randomly selected three-year-old girl is between 35 and 40 inches tall, inclusive. That is, find P(35 X 40). By-Hand...
-
The heights of a pediatricians three-year-old females are approximately normally distributed, with mean 38.72 inches and standard deviation 3.17 inches. Find the height of a three-year-old female at...
-
The scores earned on the mathematics portion of the SAT, a college entrance exam, are approximately normally distributed with mean 516 and standard deviation 116. What scores separate the middle 90%...
Study smarter with the SolutionInn App