SECTION B $$ TAKE$-$ON OF OPENING BALANCES

Task $10$: Process take$-$on general journals

$10\mathrm{.}1$ Create the four sub$-$accounts required for the take$-$on of the opening balances.

$10\mathrm{.}2$ Process $($but do not update$)$ the General Journals to take$-$on the trial balance balances using the

appropriate opening balance sub$-$accounts.

Hover Hub Ltd

Trial Balance

$30$ April $2024$

Dr Cr

Retained Income $5407164\mathrm{.}49$

Share Capital $2365000\mathrm{.}00$

Investments $2100000\mathrm{.}00$

Computer Equipment @ Cost $2270000\mathrm{.}00$

Computer Equipment $-$ Accumulated Depreciation $1160380\mathrm{.}00$

Furniture and Fittings @ Cost $2097140\mathrm{.}00$

Furniture and Fittings $-$ Accumulated Depreciation $1017485\mathrm{.}20$

Repair & Maintenance @ Cost $2100000\mathrm{.}00$

Repair & Maintenance $-$ Accumulated Depreciation $445000\mathrm{.}00$

Nedbank Current Account $2192190\mathrm{.}57$

Petty Cash $($float$)48000\mathrm{.}00$

Inventory Control $988001\mathrm{.}00$

Customer Control $1882256\mathrm{.}00$

Supplier Control $1266506\mathrm{.}00$

VAT Control $2016051\mathrm{.}88$

$13677587\mathrm{.}5713677587\mathrm{.}57$

$10\mathrm{.}3$ Print the General Journal without contras.

$10\mathrm{.}4$ Update the General Journal batch.

$10\mathrm{.}5$ Make a backup of HH Pastel company in a new folder named $$Take on TB$.$ Save a copy of this backup on

an external memory device.