Question: Ms. Rose stared Tiny Bubbles Laundromat after she realised the need for this specific service in her area. Ms. Rose is very diligent but have

Ms. Rose stared Tiny Bubbles Laundromat after sheMs. Rose stared Tiny Bubbles Laundromat after sheMs. Rose stared Tiny Bubbles Laundromat after she
Ms. Rose stared Tiny Bubbles Laundromat after she realised the need for this specific service in her area. Ms. Rose is very diligent but have no idea about numbers and money, not even mentioning accounting. You applied for a part time position as an accountant at Tiny Bubbles Laundromat, and this was what you received back Congratulations on your appointment as accountant in a part time position at Tiny Bubbles Laundromat. Can't wait for you to meet our team! Ms Petals Rose Question 1: The first task you will be required to do is setting up and completing the subsidiary journals for Tiny Bubble Laundromat. You received the following information: Complete the following Cash Receipts Journal and Cash Payments Journal of Tiny Bubbles Laundromat for May 2023. * Use the following Analysis columns for the CRJ: Analysis of Receipts, Bank, Current Income and Sundry Accounts. Use the following Analysis columns for the CPJ: Bank, Equipment, Wages and Sundry Accounts . Close off the journals at the end of the month. Transactions: May 20232 The owner, Ms. Rose Petals, contributed R80 000 as capital contribution. Issued receipt no. 57. 3 Ms Petals purchased laundry machines from Machine Repairs and Suppliers to the value of R23 000 and paid by EFT Paid Krugersdorp News R1 200 for the advert in the classifieds (EFT) 6 According to the cash register roll, the business received R5 300 for services rendered. 9 The Business Council donated R1 090 to the business as part of their community project. Issue a receipt. 12 Services rendered for the day, R4 560 as per cash register roll. 15 Bought washing liquid and softener from Sunshine Wholesalers, R6 200 and paid by EFT 18 The business received R2 400 for the washing and ironing of clothes. Mr. Lily White paid the business R3 190 for the rent of part of the building. Issue a receipt. 21 Paid Machine Repairs and Suppliers, R 800. R600 was for the new irons and R200 for the repair of a washing machine. 26 Received R2 500 from Mr. Crinkly Cut for the washing and ironing of his laundry for the month.CASH RECEIPTS JOURNAL OF for 20 CRJ Doc Analysis Sundry Accounts No. Day Details Of Bank Current Receipt Income Amount Fol Details (13)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!