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QUESTION 2 GENERAL LEDGER (27 MARKS) The following balances appeared amongst others in the books of Fair Suppliers on 1 June 2022: Capital R 2
QUESTION 2 GENERAL LEDGER (27 MARKS) The following balances appeared amongst others in the books of Fair Suppliers on 1 June 2022: Capital R 2 500 000, Bank R3 187 510, Trading stock R1 101 600, Sales R3 561 228, Cost of sales R2 580 600 Required: Use the information supplied and draw up the above accounts in the General Ledger. NOTE: Show calculations of omitted figures. Mark up is 38 % Complete the ledger Accounts given Balance or total all the accounts. On 30 June 2022 the following totals appeared in the respective subsidiary journals: Cash Receipts Journal (CRJ6) Bank Sales Cost of sales Sundry accounts ? ? R 626 200 R1 036 983 Included in Sundry is R 1 000 000 that was received June 15th Cash Payments Journal (CPJ6) Bank Wages Trading Stock Sundry accounts R 1 024 246 ? R 110 420 R 420 814 3/8 .. 3 Answers to Question 2 CALCULATIONS: CRJ: Sales (3) CRJ: Bank (3) . CPJ: Trading Stock (3) General ledger of FAIR Suppliers Balance sheet section Capital Trading stock (5 Bank Nominal accounts section Cost of sales
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