Question 3 [46 Marks]

The following information is extracted from the books of SGK Traders, where you are employed as a newly appointed Bookkeeper. The details are cash based and your responsibility is to record them in the subsidiary books as at 30 April 2020.

Date TransactionAmount

[R]

Receipt / cheque

Number

1 Cash sales 880 000 100

5 Petty cash 30 000 001

9 PP Pretorius [receivable] 260 000 101

12 Payment of supplier: K Humalong500 000 002

15 Cash Sales per EFT record 1 760 000 102

21 Payment of supplier: GIYANI 1 200 000 003

23 P Morgan [receivable] 1 200 000 103

25 Stationery paid from Hass stationers40 000 004

27 Payment of supplier: B. Braying400 000 005

29 Cash purchases 480 000 006

30 Interest earned on Investments 36 000 104

Required:

3.1 Cash Receipts Journal[14]

3.2

3.3

Do the relevant posting to the general ledger from the above journal

Cash Payments Journal

(5)

(20)

3.4 Do the relevant posting to the general ledger from the above journal