5.75 11.50 vouchers EXERCISE 4.1 4.1 The following are the transactions of B. Tremaine, general dealer, for the month of January 2018: (All relevant prices are inclusive of VAT at 15%). Business document January 1 B. Tremaine paid Rs 000 into a business bank account Receipt no. 1 3 Bought goods for resale from Alciston Ltd, on credit R575. Supplier's invoice 4 Sold goods on credit to A. Angus for R690. Duplicate sales involce 01 5 Bought goods for resale and paid by EFT. R345. - EFT no. E101 9 Sold goods for cash R1 380 and banked this sum Deposit slip 10 Withdrew R100 from the bank for a petty cash float ATM no. 1600 12 Purchased office equipment from Girlacs Lid on credit R460 Supplier's invoice 16 Bought goods for resale from Barcombe Ltd on credit R172.50 Supplier's invoice 17 Sold goods on credit to B. Bruno for R920. Duplicate sales invoice 02 19 Paid the following from petty cash: B Wages 20.00 Office supplies Refund to a customer for goods returned (a cash sale on 9 January) Authorised petty cash R37 25 21 Received and banked a cheque for R655.50 from A. Angus in full settlement of his debt. Receipt no. 2 23 Paid R546.25 to Alciston Ltd by EFT in full settlement of the amount owing EFT no. E102 24 Sold goods on credit to C. Chiselhurst for R1 150 - Duplicate sales invoice 03 25 Bought goods for resale on credit from Cowes Lid, R1 207.50. Supplier's invoice 27 Received and banked a cheque for R460 from B. Bruno Receipt no. 3 28 Paid the following from petty cash: R Wages 20.00 Office supplies 1725 Authorised R37.25 petty cash vouchers 29 Sold goods on credit to D. Downes for R230. - Duplicate sales invoice 04 30 Bought goods for resale on credit from Diching Ltd, R460. - Supplier's invoice 30 Paid R448.50 to Girlacs Ltd by EFT in full settlement of the amount owing - EFT no. E103 31 The bank returned the cheque deposited on 27 January from B. Bruno marked "R/D insufficient funds". - Bank advice note 31 Withdrew R70 from the bank to reimburse the petty cash float - ATM no. 1601 ( REQUIRED: (a) Record the above transactions in the following special journals: (1) Sales journal Purchases journal Cash receipts and payments journal (cash book) (iv) Petty cash journal (petty cash book) General journal (for purchase of office equipment). Total the four special journals after recording the last transaction for the month. (b) Post from all the journals to: (1) Accounts receivable and accounts payable ledgers General ledger (assume that the cash and petty cash journals are also used as ledger accounts) (c) Prepare, at 31 January 2018: (1) separate lists of accounts receivable and accounts payable balances (ii) general ledger trial balance. (d) Agree the totals of the lists of accounts receivable and accounts payable balances with the corresponding accounts receivable and accounts payable control balances on the general ledger trial balance. (ii) 5.75 11.50 vouchers EXERCISE 4.1 4.1 The following are the transactions of B. Tremaine, general dealer, for the month of January 2018: (All relevant prices are inclusive of VAT at 15%). Business document January 1 B. Tremaine paid Rs 000 into a business bank account Receipt no. 1 3 Bought goods for resale from Alciston Ltd, on credit R575. Supplier's invoice 4 Sold goods on credit to A. Angus for R690. Duplicate sales involce 01 5 Bought goods for resale and paid by EFT. R345. - EFT no. E101 9 Sold goods for cash R1 380 and banked this sum Deposit slip 10 Withdrew R100 from the bank for a petty cash float ATM no. 1600 12 Purchased office equipment from Girlacs Lid on credit R460 Supplier's invoice 16 Bought goods for resale from Barcombe Ltd on credit R172.50 Supplier's invoice 17 Sold goods on credit to B. Bruno for R920. Duplicate sales invoice 02 19 Paid the following from petty cash: B Wages 20.00 Office supplies Refund to a customer for goods returned (a cash sale on 9 January) Authorised petty cash R37 25 21 Received and banked a cheque for R655.50 from A. Angus in full settlement of his debt. Receipt no. 2 23 Paid R546.25 to Alciston Ltd by EFT in full settlement of the amount owing EFT no. E102 24 Sold goods on credit to C. Chiselhurst for R1 150 - Duplicate sales invoice 03 25 Bought goods for resale on credit from Cowes Lid, R1 207.50. Supplier's invoice 27 Received and banked a cheque for R460 from B. Bruno Receipt no. 3 28 Paid the following from petty cash: R Wages 20.00 Office supplies 1725 Authorised R37.25 petty cash vouchers 29 Sold goods on credit to D. Downes for R230. - Duplicate sales invoice 04 30 Bought goods for resale on credit from Diching Ltd, R460. - Supplier's invoice 30 Paid R448.50 to Girlacs Ltd by EFT in full settlement of the amount owing - EFT no. E103 31 The bank returned the cheque deposited on 27 January from B. Bruno marked "R/D insufficient funds". - Bank advice note 31 Withdrew R70 from the bank to reimburse the petty cash float - ATM no. 1601 ( REQUIRED: (a) Record the above transactions in the following special journals: (1) Sales journal Purchases journal Cash receipts and payments journal (cash book) (iv) Petty cash journal (petty cash book) General journal (for purchase of office equipment). Total the four special journals after recording the last transaction for the month. (b) Post from all the journals to: (1) Accounts receivable and accounts payable ledgers General ledger (assume that the cash and petty cash journals are also used as ledger accounts) (c) Prepare, at 31 January 2018: (1) separate lists of accounts receivable and accounts payable balances (ii) general ledger trial balance. (d) Agree the totals of the lists of accounts receivable and accounts payable balances with the corresponding accounts receivable and accounts payable control balances on the general ledger trial balance. (ii)
