$t7$ Topic $11$

Activity $11\mathrm{.}8$ Prepare and close off the Cash Receipts and Cash Payments Journals of a service business

Enter the following transactions into the Cash Journals of Ted's Taxi Services for September $20\mathrm{.}4$

Close off the journals at the end of the month.

Transactions for September

$1$ The owner, Nkosi Mbeli, started the business by depositing R$400000$ into the businesses bank account. Receipt no$.001$ was issued to him.

$5$ The business rented an office from Silvering Property. The rent is R$24000$ for the year. A cheque was issued to pay rent for the first three months. Issued

$6$ A cheque was issued to buy three taxis from Wolksie for R$85000$ each. cheque $001.$

$9$ A casual worker was paid R$150$ for washing the taxis.

A cheque for R$2200$ was issued for fuel.

$10$ During the first week, R$7500$ was received from customers as per cash register roll.

$14$ Paid the weekly wages after cashing a cheque for R$2500.$ On the same day, another cheque was issued to PB Services for servicing the taxis, R$2500.$

$16$ Cash received for services rendered according to the cash register roll, R$4600.$ Sundowns United paid R$6900$ for transport services to the match.

$22$ Bought cleaning materials from Fast Stores for R$560.$ Issued a cheque. Paid the week's wages by cashing a cheque, R$3000.$

$25$ Drew cheque for R$14500$ in favour of Montclair Motor Dealers in part payment of a second$-$hand car that cost R$12500$ and for repairs to another motor vehicle.

$30$ Paid the business manager, M$.$ Mfeka R$4100$ of her salary. Cash received for services rendered, R$9700$ as per cash register roll.