Question 9 Mr X commenced business on 1 January 2005 with the following assets. Stock Dept. A Dept. B Fixtures Cash R3 000 R5 000 R4 000 R6 000 The transactions during the first three months were as follows: R Purchases Dept. A 31 000 Dept. B 29 000 Receipts from debtors 52 000 Discounts allowed to debtors 2 100 Payments to creditors 47 200 Cash sales Dept. A 3 800 Dept. B 9 200 Credit sales Dept. A 37 000 Dept. B 29 000 General expenses Dept. A 3 000 Dept. B 4 200 Unallocated expenses 4 800 Drawings 4 000 Cash in hand at end of period 5 700 Selling expenses 2100 Cartons purchased 3 500 Creditors outstanding at end of period 16 300 Stock at 31 March 2005 Dept. A 4 200 Dept. B 5 800 Cartons in stock 31 March 2005 1 400 Debtors outstanding at end of period 11 900 Selling expenses and discounts are to be apportioned on the basis of cartons sold, namely: 64 Activa Go to SE Dept. A Dept. B R60 000 R45 000 Sales of cartons are included in the sales figures. Unallocated expenses are to be charged to departments on the basis of floor area, which is: Dept. A: 1 000 m"; and Dept. B: 600 m Required (a) Write up the cash book and all necessary ledger accounts, including control accounts for debtors and creditors. (b) Prepare the trial balance at 31 March 2005. (c) Prepare the departmental trading account and departmental income statement. (d) Prepare the balance sheet at 31 March 2005. Ignore depreciation. Note: Draft the cash book as if it was a ledger account. Journal entries NB need not be shown. Ignore cents. [20] Activate W Question 9 Mr X commenced business on 1 January 2005 with the following assets. Stock Dept. A Dept. B Fixtures Cash R3 000 R5 000 R4 000 R6 000 The transactions during the first three months were as follows: R Purchases Dept. A 31 000 Dept. B 29 000 Receipts from debtors 52 000 Discounts allowed to debtors 2 100 Payments to creditors 47 200 Cash sales Dept. A 3 800 Dept. B 9 200 Credit sales Dept. A 37 000 Dept. B 29 000 General expenses Dept. A 3 000 Dept. B 4 200 Unallocated expenses 4 800 Drawings 4 000 Cash in hand at end of period 5 700 Selling expenses 2100 Cartons purchased 3 500 Creditors outstanding at end of period 16 300 Stock at 31 March 2005 Dept. A 4 200 Dept. B 5 800 Cartons in stock 31 March 2005 1 400 Debtors outstanding at end of period 11 900 Selling expenses and discounts are to be apportioned on the basis of cartons sold, namely: 64 Activa Go to SE Dept. A Dept. B R60 000 R45 000 Sales of cartons are included in the sales figures. Unallocated expenses are to be charged to departments on the basis of floor area, which is: Dept. A: 1 000 m"; and Dept. B: 600 m Required (a) Write up the cash book and all necessary ledger accounts, including control accounts for debtors and creditors. (b) Prepare the trial balance at 31 March 2005. (c) Prepare the departmental trading account and departmental income statement. (d) Prepare the balance sheet at 31 March 2005. Ignore depreciation. Note: Draft the cash book as if it was a ledger account. Journal entries NB need not be shown. Ignore cents. [20] Activate W