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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
Question Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on 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, egAugSept 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 Assignment Journals for Question 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 Cash receipts journal of Out Of The Box August Date Doc no CR CR CR CR Details Cash sales Martin Riggs Cash sales Kurt Weller Cash sales Joan Watson Dwayne Pride Fol. Bank Cash payments journal of Out Of The Box August Date Doc no PCI EFT EFT EFT EFT EFTS EFT EFT BS BS Name of payee Cash Sticky Situations Crazy Paints Sticky Situations Sheldon Cooper African Beads Cafe Bologna Teldata InsureCo First Bank Fol. Bank Petty cash journal of Out Of The Box August Date Doc no PC Details Fol. Petty cash Ring binders, note pads Fuel for business vehicle Milk, creamer, tea Paper reams, punch Fuel for business vehicle Repairs to business vehicle Bailey: parttime wages PC PC PC PC PC Debtors control Creditors control VAT input CRJl Sales Purchases Stationery VAT output VAT input Fuel Amount Amount Amount Sundries Details 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 Fol.,W I o I J Purchases journal of Out Of The Box August Date Inv no lnv In S D Details Crazy Paints FixIT Crazy Paints Stationery Mart Butterworths Cafe African Beads Fol. Creditors Control ~ Purchases allowances journal of Out Of The Box August Date CN no CN Details Crazy Paints FixIT Stationery Mart Fol. Creditors Control Sales journal of Out Of The Box August Date Inv no ~ 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 Inv no CN CN CN Details Phil Dunphy Meredith Grey Phil Dunphy PJ Purchases Purchases returns Fol. Debtors Control Fol. Debtors Control VAT input VAT output Sales returns Amount Sales Amount Sundries Details Repairs and maintenance Stationery Entertainment Sundries Details Repairs and maintenance Stationery SJ VAT output SAJI VAT input Fol. PAJ Fol.deg l o a j General journal of Out Of The Box August Date Veh no
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Out Of The Box is a registered VAT vendor which sells craft supplies, and began trading on
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, egAugSept 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 Assignment Journals for Question 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 Cash receipts journal of Out Of The Box August Date Doc no CR CR CR CR Details Cash sales Martin Riggs Cash sales Kurt Weller Cash sales Joan Watson Dwayne Pride Fol. Bank Cash payments journal of Out Of The Box August Date Doc no PCI EFT EFT EFT EFT EFTS EFT EFT BS BS Name of payee Cash Sticky Situations Crazy Paints Sticky Situations Sheldon Cooper African Beads Cafe Bologna Teldata InsureCo First Bank Fol. Bank Petty cash journal of Out Of The Box August Date Doc no PC Details Fol. Petty cash Ring binders, note pads Fuel for business vehicle Milk, creamer, tea Paper reams, punch Fuel for business vehicle Repairs to business vehicle Bailey: parttime wages PC PC PC PC PC Debtors control Creditors control VAT input CRJl Sales Purchases Stationery VAT output VAT input Fuel Amount Amount Amount Sundries Details 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 Fol.,W I o I J Purchases journal of Out Of The Box August Date Inv no lnv In S D Details Crazy Paints FixIT Crazy Paints Stationery Mart Butterworths Cafe African Beads Fol. Creditors Control ~ Purchases allowances journal of Out Of The Box August Date CN no CN Details Crazy Paints FixIT Stationery Mart Fol. Creditors Control Sales journal of Out Of The Box August Date Inv no ~ 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 Inv no CN CN CN Details Phil Dunphy Meredith Grey Phil Dunphy PJ Purchases Purchases returns Fol. Debtors Control Fol. Debtors Control VAT input VAT output Sales returns Amount Sales Amount Sundries Details Repairs and maintenance Stationery Entertainment Sundries Details Repairs and maintenance Stationery SJ VAT output SAJI VAT input Fol. PAJ Fol.deg l o a j General journal of Out Of The Box August Date Veh no
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