Question $1$

Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on

$1$ August. All purchases are made from registered VAT vendors from whom the business always receives valid tax invoices. The business uses the periodic inventory system to account for inventory.Using the complete journal entries, prepare the balance sheet accounts in the general ledger, balancing any accounts required to be balanced. Years may be ignored in the date column; only months $($use abbreviations, e$.$g$.$Aug$,$Sept$)$ and days must be shown. No rand symbol $($R$)$ is required in the $$Amount$$ columns.The complete journals for the month are included in a separate document, titled $$UCT BK Module $6$ Assignment $$ Journals for Question $1.$ Print this document prior to commencing the assignment for easy reference. Complete the following general ledger accounts:The following specialised journals and general journal should be used to complete the balance sheet section of the general ledger. Print these journals for easy reference and then complete Question $1.$ Cash receipts journal of Out Of The Box $-$ August Date $691217212831$ Doc no$.001$ CR$01002$ CR$02003$ CR$03$ CR$04$ Details Cash sales Martin Riggs Cash sales Kurt Weller Cash sales Joan Watson Dwayne Pride Fol. Bank $20228100002596010002250023914000860790000000000900090$ Cash payments journal of Out Of The Box $-$ August Date $251721223131313131$ Doc no$.$ PCI EFT$1$ EFT$2$ EFT$3$ EFT$4$ EFTS EFT$6$ EFT$7$ B$/$S B$/$S Name of payee Cash$\_\_\_\_\_\_\_\_\_$ Sticky Situations Crazy Paints Sticky Situations Sheldon Cooper African Beads Cafe Bologna Teldata$\_\_\_\_\_\_\_$ InsureCo$\_\_\_\_\_\_$ First Bank Fol. Bank $52003820011600140002200056244800805826196103251$ Petty cash journal of Out Of The Box $-$ August Date Doc no$.$ PC$01$ Details Fol. $0000000000000000000000$ Petty cash $567252631$ Ring binders, note pads Fuel for business vehicle Milk, creamer, tea$\_\_\_\_\_\_\_$ Paper reams, punch$\_\_\_\_\_$ Fuel for business vehicle Repairs to business vehicle Bailey: part$-$time wages PC$02$ PC$03$ PC$04$ PC$05$ PC$06400280806334148015004800$ Debtors control $100023913391$ Creditors control $11600562417224$ VAT input $00003000000030$ CRJl Sales $175892257300909000000052431442401956559728$ Purchases $332171217345391$ Stationery $17577852347290638$ VAT output $579122703991308343262638338629345219481$ VAT input $498218261051077021$ Fuel $28037065043097874046109007444000000$ Amount $10000347813478$ Amount $520022000480070071819633614$ Amount $806965150032710000000026002630220052$ Sundries Details $002626$ Capital Rent received Sundries $\_\_\_\_\_\_$ Details Petty cash Wages and salaries Entertainment$\_\_\_\_\_$ Telephone$\_\_\_\_\_\_\_\_$ Insurance$\_\_\_\_\_\_\_\_\_$ Interest on overdraft Sundries Details Staff refreshments Repairs and maintenance Wages and salaries in partnership with getsmarter Fol. CRJl Fol. PCJ$1$ Fol.,$5$W $\text{'}$ I o I $$J Purchases journal of Out Of The Box $-$ August Date $2911192227$ Inv no$.537$ lnv$370565$ In$286$ S$728$ D$46$ Details Crazy Paints$\_\_\_\_\_$ FixIT$\_\_\_\_\_\_\_\_\_\_\_$ Crazy Paints$\_\_\_\_\_$ Stationery Mart Butterworths Cafe African Beads Fol. Creditors Control $20000100028001142840608031862$ ~ Purchases allowances journal of Out Of The Box $-$ August Date $31121$ C$/$N no$.$ CN$1035748$ Details Crazy Paints FixIT$\_\_\_\_\_\_\_\_\_$ Stationery Mart Fol. Creditors Control $4000801164196$ Sales journal of Out Of The Box $-$ August Date $571115202530$ Inv no$.$ ~ $234567$ Details Phil Dunphy Kurt Weller Meredith Grey Ginny Baker Joan Watson Phil Dunphy Ginny Baker Sales allowances journal of Out Of The Box $-$ August Date $71327$ Inv no$.$ CN$1$ CN$2$ CN$3$ Details Phil Dunphy Meredith Grey Phil Dunphy PJ$1$ Purchases $0000000000000000000000173912434528625113$ Purchases returns $34783478$ Fol. Debtors Control $304834203980200428143300252021086$ Fol. Debtors Control $4003003401040$ VAT input $30789604262626081303651487934046$ VAT output $5211015547000000000000000000000000265029733460174224462869219118335$ Sales returns Amount $70432296043574431330$ Sales $8699938402702$ Amount $69100170$ Sundries Details $57040061578744$ Repairs and maintenance Stationery Entertainment Sundries Details Repairs and maintenance Stationery SJ$1$ VAT output $439187619657306539744651926136743032827505709133904437035$ SAJI VAT input $3472602959048387653552394413517133565$ Fol. PAJ$1$ Fol.$\backslash$deg l o$$ a$.$ j General journal of Out Of The Box $-$ August Date $2222831313131$ Veh no