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Using the transactions attached complete the following ledgers: For this question all ledgers start at $0.00 balance. Complete the following ledger journal reconciliation: Account Name:
Using the transactions attached complete the following ledgers:
For this question all ledgers start at $0.00 balance.
Complete the following ledger journal reconciliation:
Account Name: DOWNER / FIRE Ledger Number: 403 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
Rent - Feb | ------- | $ | $860.00 | ||
Account Name: ALMER Ledger Number: 404 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
Advertising fees | -------- | $ | $ | ||
Advertising | $ | -------- | $ | ||
Account Name: NESTEGG / CLOVER Ledger Number: 405 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
Rent - Feb | -------- | $ | $ | ||
Account Name: HILDER / JAMES Ledger Number: 406 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
Sales Deposit | -------- | $ | $ | ||
Balance of deposit | $ | -------- | $ | ||
Entry commission | $ | -------- | $0.00 | ||
Account Name: JETSON / FORT Ledger Number: 407 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
Rent - March | -------- | $ | $ | ||
Account Name: DOWNER / STONE Ledger Number: 408 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
Rent | -------- | $ | $ | ||
Account Name: ESRA / DAVIS Ledger Number: 409 | |||||
Date | Particulars | Rec/Chq | Debit | Credit | Balance |
5% Sales deposit | -------- | $ | $ |
Add the outstanding balance in the ledgers completed:
Ledger Number | Outstanding Balance |
Ledger Number: | $ |
Ledger Number: | $ |
Ledger Number: | $ |
Ledger Number: | $ |
Ledger Number: | $ |
Ledger Number: | $ |
Ledger Number: | $ |
TOTAL OUTSTANDING LEDGER JOURNAL | $ |
information as below :
20/11/2021 | Scott James transferred $40,000.00 for the sales deposit for the purchase of Michelle Hilder's Epping property. Receipt #: 357 |
10/01/2022 | Freddy Fire paid $860.00 cash, being one month's rent (February 2022) Landlord: Omar Downer Property: 60 Tunnel St, Humeville Receipt #: 433 |
13/01/2022 | Alan Almer paid a cheque for $1000.00 for advertising on his property at 5a Miller Ave, Millerville which is going to auction. Receipt #: 434 |
Eva Clover paid $350 rent by cheque, February rent: Landlord: Neddy Nestegg Property: 1 Summers Drive, Amberville Receipt #: 435 | |
15/01/2022 | Entry Realty paid $800.00 advertising to Weekly Press from Alan Almer for auction Cheque #: 90078 |
20/01/2022 | Scott James has settled on his purchase of 2 Tuggerah Close, Epping. Entry Realty paid a cheque $25,000.00 to Michelle Hilder (Vendor) balance of deposit, less our commission - Cheque #: 90079 |
Entry Realty paid office commission of $15,000.00 (Sale of 2 Tuggerah Close, Epping) Cheque #: 90080 | |
28/01/2022 | Helena Fort paid $800.00 direct deposit into the trust account, for one month rent (March 2022). - Receipt #: 436 Landlord: Jordy Jetson Property: 12 Sapphire Street, Beaufort |
29/01/2022 | Paul Stone paid $600.00 cash, for 2 weeks rent (08/02/2022- 22/02/2022). - Receipt #: 437 Landlord: Omar Downer Property: 2 Watchtower Way, Torquay |
Alex Davis paid $15,000.00 (5% sales deposit cheque) for 10 Riverside Road, Riversdale. Vendor: Luis Esra - Receipt #: 438 |
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Ledger 403 DOWNER FIRE Rent Feb Debit 000 Starting balance Credit 86000 Transaction on 10012022 Balance 86000 Date Particulars RecChq Debit Credit Bal...Get Instant Access to Expert-Tailored Solutions
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