AE 29 instructions: 1. Open the given accounts in the general ledger of Read-alot Book Shop....
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AE 29 instructions: 1. Open the given accounts in the general ledger of Read-alot Book Shop. 2. Record the transactions in the cash joumals for September 2013 3. Close off the journals and post to the ledger. Note: Business maintains a profit margin of 55% on cost price. Balances on 31 August 2013 R Drawings 12 100 16 400 74 800 3 66 000 9.000 7 000 Bank (dr) Trading stock Sales Cost of sales Rent expense Donantion received Transactions: Sept 2 5 8 9 11 31 14 17 19 26 22 82 85 86 NI N2 N4 N7 Purchased books from Lucem with the purpose of resale and paid by cheque no. 505, R15 200. Cash sales, R5 425. Paid R3 000 by cheque to Centurion Mall for rent of our shop. The owner paid R2 000 by business cheque to Pideland for his child's school fees. Received R6 000 as a donation from A. Venter and issued receipt 144. Cash sales, R3 255. Purchased trading stock for R5 000 from Liberty Publishers and paid by cheque. Cashed a cheque to pay wages, R600. The owner, Bennie de Beer deposited R60 000 directly into the current account of the business as additional capital. Paid Romicon R1 000 by cheque for repairs to the shop's shelves. Cashed a cheque to increase the change in the cash register from R550 to R750. Sold goods, with cost price of R4 200. Issued a cheque to W. Landman as payment for his monthly remuneration of R7 200. 65 Cash receipts Journal of Defol Doc Day Cash payments Journal of Doc Day Name of payee Fol Fa Analysis of receipts Bonk York Woges Se boding sock Cof A bones Jipts manch Jet AE 29 instructions: 1. Open the given accounts in the general ledger of Read-alot Book Shop. 2. Record the transactions in the cash joumals for September 2013 3. Close off the journals and post to the ledger. Note: Business maintains a profit margin of 55% on cost price. Balances on 31 August 2013 R Drawings 12 100 16 400 74 800 3 66 000 9.000 7 000 Bank (dr) Trading stock Sales Cost of sales Rent expense Donantion received Transactions: Sept 2 5 8 9 11 31 14 17 19 26 22 82 85 86 NI N2 N4 N7 Purchased books from Lucem with the purpose of resale and paid by cheque no. 505, R15 200. Cash sales, R5 425. Paid R3 000 by cheque to Centurion Mall for rent of our shop. The owner paid R2 000 by business cheque to Pideland for his child's school fees. Received R6 000 as a donation from A. Venter and issued receipt 144. Cash sales, R3 255. Purchased trading stock for R5 000 from Liberty Publishers and paid by cheque. Cashed a cheque to pay wages, R600. The owner, Bennie de Beer deposited R60 000 directly into the current account of the business as additional capital. Paid Romicon R1 000 by cheque for repairs to the shop's shelves. Cashed a cheque to increase the change in the cash register from R550 to R750. Sold goods, with cost price of R4 200. Issued a cheque to W. Landman as payment for his monthly remuneration of R7 200. 65 Cash receipts Journal of Defol Doc Day Cash payments Journal of Doc Day Name of payee Fol Fa Analysis of receipts Bonk York Woges Se boding sock Cof A bones Jipts manch Jet
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College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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