Question
Cash Payments Journal Date Chq Bank Payee Details (on Cheque Stubs) Creditors Salaries Phones Computer Motor Vehicle Exp. Postage Stationery Rent Venue Hire Staff Recruitment
| Cash Payments Journal | ||||||||||||||||||||||||||||||||||||
| Date | Chq | Bank | Payee | Details (on Cheque Stubs) | Creditors | Salaries | Phones | Computer | Motor Vehicle Exp. | Postage | Stationery | Rent | Venue Hire | Staff Recruitment | Photocopier Lease | Travel & Accom | Repairs & Renewals | Fundaising Costs | Other | |||||||||||||||||
| 2-Mar | 281 | 24.00 | Meridian Office Supplies | Paper for Photocopier | ? | |||||||||||||||||||||||||||||||
| 3-Mar | 282 | 100.00 | L.Coble | Telephone Expenses | ? | |||||||||||||||||||||||||||||||
| 4-Mar | 283 | 5,020.00 | Commisioner for Tax | Jan and Feb Withholding Tax | ? | |||||||||||||||||||||||||||||||
| 5-Mar | 284 | 40.00 | D.James | Mobile telephone bill | ? | |||||||||||||||||||||||||||||||
| 6-Mar | 285 | 240.00 | Gremel Computers | Computer Monitor 17" | ? | |||||||||||||||||||||||||||||||
| 7-Mar | 286 | 125.00 | Australia Post | Posting Statements to Customers | ? | |||||||||||||||||||||||||||||||
| 8-Mar | 287 | 110.00 | Meridian Office Supplies | Photocopier Lease Payment | ? | |||||||||||||||||||||||||||||||
| 9-Mar | 288 | 35.00 | Australia Post | Posting Promotional Fliers | ? | |||||||||||||||||||||||||||||||
| 10-Mar | 289 | 125.00 | Bunnings Hardware | Repacement Padlocks | ? | |||||||||||||||||||||||||||||||
| 12-Mar | 290 | 500.00 | Brisbane Council | Rent for March | ? | |||||||||||||||||||||||||||||||
| 14-Mar | 291 | 50.00 | Aus Post | 100 Stamps | ? | |||||||||||||||||||||||||||||||
| 15-Mar | 292 | 1,300.00 | D.James | Prizes for Fundraising | ? | |||||||||||||||||||||||||||||||
| 15-Mar | 293 | 10,635.30 | Commonwealth Bank | Employee Remuneration | ? | |||||||||||||||||||||||||||||||
| 17-Mar | 294 | 160.00 | Brisbane Council | Venue Hire for State Championship | ? | |||||||||||||||||||||||||||||||
| 18-Mar | 295 | 150.00 | Courier Mail News | Advert for Receptionist Position | ? | |||||||||||||||||||||||||||||||
| 19-Mar | 296 | 600.00 | Excel Car Mechanics | Payment of Account (Creditor) | ? | |||||||||||||||||||||||||||||||
| 20-Mar | 297 | 400.00 | Medibank | Jan and Feb Deductions | ? | |||||||||||||||||||||||||||||||
| 21-Mar | 298 | 300.00 | Links Hotel | Accommodation - Deposit | ? | |||||||||||||||||||||||||||||||
| 23-Mar | 299 | 5,600.00 | Qantas | Team Airfares | ? | |||||||||||||||||||||||||||||||
| 24-Mar | 300 | 80.00 | Gremel Computers | Cable Modem for Computer | ? | |||||||||||||||||||||||||||||||
| 26-Mar | 301 | 250.00 | Telstra | Office Telephone | ? | |||||||||||||||||||||||||||||||
| 27-Mar | 302 | 50.00 | Aus Post | 100 Stamps | ? | |||||||||||||||||||||||||||||||
| 28-Mar | 303 | 50.00 | Mobil | Petrol for Van | ? | |||||||||||||||||||||||||||||||
| 29-Mar | 304 | 1,000.00 | ACME Canteen Supplies | Payment of Account (Creditor) | ? | |||||||||||||||||||||||||||||||
| 30-Mar | 305 | 1,758.50 | Commonwealth Bank | Employee Remuneration | ? | |||||||||||||||||||||||||||||||
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| Debit all totals to respective General Ledger Accounts | ||||||||||||||||||||||||||||||||||||
Exercise 7 is to complete a Cash Payments Journal.
All you need to do is to analyse each payment and place the amount in the appropriate columns i.e. if the details column says telephone, then put the amount in the telephone column. Each column represents an account in the General ledger.
When you have completed the analysis on the Cash Payment Journal, you should enter the respective column totals in the Journal Entries sheet ensuring that you get debits and credits the right way round.
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Accounting
Authors: John Hoggett, Lew Edwards, John Medlin
6th Edition
0470806583, 978-0470806586
