Question
Megaraptor Dealers employs a full-time bookkeeper. However, the bookkeeper fell ill and Nodo, the owner, approached you for assistance. He is unsure of how to
Megaraptor Dealers employs a full-time bookkeeper. However, the bookkeeper fell ill and
Nodo, the owner, approached you for assistance. He is unsure of how to post the subsidiary
journals into the general ledger accounts.
Nodo provides you with the following information extracted from the subsidiary journals for
August 2020. Megaraptor Dealers also needs your assistance with some of the information,
as Claudius is not sure what the amounts should be.
Cash Receipts Journal of Megaraptor Dealers for August 2020
Sundry
Bank Sales cost of sales debtors control amount details
? 56 980 40 700 51 198 11 112
Sundry
Bank inventory Creditors control amount details
97 467 68 116 ? 1245
Debtors control sales cost of sales
? 32 620 23 300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started