Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on
1 August. All purchases are made from registered VAT vendors from whom the business always receives valid tax invoices. The business uses the periodic inventory system to account for inventory.

Using the complete journal entries, prepare the balance sheet accounts in the general ledger, balancing any accounts required to be balanced. Years may be ignored in the date column; only months (use abbreviations, e.g. “Aug”, “Sept”) and days must be shown.

Please use the image to relate it to the following T acccounts.

Capital

Date	Details	Folio	Amount	Date	Details	Folio	Amount

Drawings

Date	Details	Folio	Amount	Date	Details	Folio	Amount

Motor vehicles

Date	Details	Folio	Amount	Date	Details	Folio	Amount

Debtors

Date	Details	Folio	Amount	Date	Details	Folio	Amount

  
 

Transcribed Image Text:

Cash receipts journal of Out Of The Box-August CRJ1 Doc Date Details Fol. Bank no. Debtors control Sundries Sales VAT output Amount Details Fol 6 001 Cash sales 20228 9 CRO1 Martin Riggs 10000 12 002 Cash sales 17 CROZ Kurt Weller 25 960 1000 21 003 Cash sales 28 CR03 Joan Watson 31 CR04 Dwayne Pride 22 500 2391 4000 86 079 88888888 17589 57 2638 43 10 000 00 Capital 22573 91 3386 09 1000 00 8 19565 22 22 2934 90 2391 90 78 3391 90 59 728 70 9481 521 74 04 3478 13478 26 26 Rent received 18 Cash payments journal of Out Of The Box-August CPJ1 Doc Date Name of payee Fol. Bank no. Creditors control Sundries Purchases VAT input 2 DC1 Cash 5 200 5 EFT1 Sticky Situations 17 EFT2 Crazy Paints 38 200 11600 21 EFT3 Sticky Situations 22 EFT4 Sheldon Cooper 14 000 22000 31 EFTS African Beads 5624 31 EFT6 Cafe Bologna 4 800 31 EFT7 Teldata 805 31 B/S InsureCo 826 31 B/S First Bank 196 103 251 88888888888 Amount 5 200 Details Fol. 00 Petty cash 33217 39 4982 61 11600 00 12 173 91 1826 09 22 000 00 Wages and salaries 5624 00 4800 105 00 700 107 74 718 196 888 Entertainment Telephone Insurance Interest on overdraft 17 224 00 45 391 30 7021 44 33 614 26 Petty cash journal of Out Of The Box - August Doc Date Details Fol. Petty cash VAT input Stationery Fuel no. PCJ1 Sundries Amount Details Fol. 5 PC01 Ring binders, note pads 400 6 PC02 Fuel for business vehicle 280 7 PC03 Milk, creamer, tea 806 30 25 PC04 Paper reams, punch 334 26 PC05 Fuel for business vehicle 1480 88888 52 17 347 83 280 00 806 30 Staff refreshments 43 57 290 43 370 00 Repairs to business vehicle - 144 78 31 PC06 Bailey: part-time wages 1500 00 4.800 30 88 240 52 638 26 650 00 965 22 1500 00 3271 52 Repairs and maintenance Wages and salaries Cash receipts journal of Out Of The Box-August CRJ1 Doc Date Details Fol. Bank no. Debtors control Sundries Sales VAT output Amount Details Fol 6 001 Cash sales 20228 9 CRO1 Martin Riggs 10000 12 002 Cash sales 17 CROZ Kurt Weller 25 960 1000 21 003 Cash sales 28 CR03 Joan Watson 31 CR04 Dwayne Pride 22 500 2391 4000 86 079 88888888 17589 57 2638 43 10 000 00 Capital 22573 91 3386 09 1000 00 8 19565 22 22 2934 90 2391 90 78 3391 90 59 728 70 9481 521 74 04 3478 13478 26 26 Rent received 18 Cash payments journal of Out Of The Box-August CPJ1 Doc Date Name of payee Fol. Bank no. Creditors control Sundries Purchases VAT input 2 DC1 Cash 5 200 5 EFT1 Sticky Situations 17 EFT2 Crazy Paints 38 200 11600 21 EFT3 Sticky Situations 22 EFT4 Sheldon Cooper 14 000 22000 31 EFTS African Beads 5624 31 EFT6 Cafe Bologna 4 800 31 EFT7 Teldata 805 31 B/S InsureCo 826 31 B/S First Bank 196 103 251 88888888888 Amount 5 200 Details Fol. 00 Petty cash 33217 39 4982 61 11600 00 12 173 91 1826 09 22 000 00 Wages and salaries 5624 00 4800 105 00 700 107 74 718 196 888 Entertainment Telephone Insurance Interest on overdraft 17 224 00 45 391 30 7021 44 33 614 26 Petty cash journal of Out Of The Box - August Doc Date Details Fol. Petty cash VAT input Stationery Fuel no. PCJ1 Sundries Amount Details Fol. 5 PC01 Ring binders, note pads 400 6 PC02 Fuel for business vehicle 280 7 PC03 Milk, creamer, tea 806 30 25 PC04 Paper reams, punch 334 26 PC05 Fuel for business vehicle 1480 88888 52 17 347 83 280 00 806 30 Staff refreshments 43 57 290 43 370 00 Repairs to business vehicle - 144 78 31 PC06 Bailey: part-time wages 1500 00 4.800 30 88 240 52 638 26 650 00 965 22 1500 00 3271 52 Repairs and maintenance Wages and salaries