Journalise the following transactions for ALL-IN-1 TRADING for 28 February 2023, give a reason for the entry and total the Debtors and Creditors Control columns.

1. H Shady’s balance in the Debtors Ledger was R3 200. As it was long overdue, it was decided to write it off.

2. Stationery purchased for R1 200 was incorrectly recorded as stock. Correct the error.

3. Accepted a cash register with a value of R7 500 from a debtor, I Owe you. His account of R8 250 had been previously written off.

4. An allowance of R500 was allowed to a creditor, Sinner General Dealers. The Entry was incorrectly posted to Sinner (Pty) Ltd.

5. A credit note for R1 235 issued to T Pau, a debtor, for damaged goods returned, was recorded in the Debtors ledger.

6. Transfer a debit balance of R1 150 from the account of Mom Traders in the Creditors ledger to his account in Debtors ledger

Transcribed Image Text:

GENERAL JOURNAL OF ALL-IN-1 TRADING FOR FEBRUARY 2023 Debtors control Dr Cr 9 600 Date 28 Provisional totals Details TOTALS Dr Cr 1 800 Creditors control Cr Dr 1 500 8 700 GENERAL JOURNAL OF ALL-IN-1 TRADING FOR FEBRUARY 2023 Debtors control Dr Cr 9 600 Date 28 Provisional totals Details TOTALS Dr Cr 1 800 Creditors control Cr Dr 1 500 8 700

Answer rating: 100% (QA)

SOLUTION Here are the journal entries for the given transactions for ALLIN1 TRADING on 28 February 2023 Date Details Dr Cr 28Feb23 H Shadys balance Wr... View the full answer