SUBSIDIARY JOURNALS

Jobaria Strange, the owner of Kryptops Enterprises, encountered a problem and requires your assistance. Please assist him after reading the following letter received from him.

As a result of a fire in the office, all my subsidiary books and ledger were destroyed. Fortunately, my personal assistant, Mary, took the source documents home with her, to do the filing. We were also fortunate to be able to retrieve some of the information from our suppliers and customers.

Will you please help me to re-do subsidiary journals, cash, and credit from the information retrieved?

The following information is available: A. The following balances:

Kryptops Enterprises Dinosaurs Avenue Johannesburg 2000 01 October 2020

Khaan Lusuti

R7 500 R5 505

Drinker Edmarka

R8 800 R11 420

Debtors

Creditors

The following documents were issued and received during September 2020: B. Receipts issued during the month:

Date

Doc. No

Issued to

Amount

Reason

Sep 2020 1

9 461

25 462

R7 500 R? R?

Paid on account

460 Khaan

Jonaria Strange

Increase capital from R150 000 to R200 000

Settlement of account

Lusuti

Page 6 of Assignment

C. Cash sales as per cash register roll:

R2 025 R3 645 R5 670

D. Invoices issued during the month:

CRR 12 25 CRR 14

SUMMATIVE ASSESSMENT (ASSIGNMENT) - 2020 SECOND SEMESTER ACC101 ACCOUNTING

Date

Doc. No

Amount

Sep 2020 1

21 CRR 13

Date

Doc. No

Issued to

Amount

Sep 2020 4

11 371

14 372 27 373

R2 700 R12 555 R4 185 R3 294

370 Mimmi Lusuti

Khaan Lusuti

E. Invoices received from creditors during the month:

Date

Doc. No

Received from

Amount

Reason

Sep 2020 2

14 IN1006

24 BI8614

Edmarka Drinker Balaur

R6 200 R? R8 136

R14 200 R8 000 R2 200

Inventory Stationery - R850 Inventory - R9 365 Inventory

Payment of account Inventory

Wages

Business telephone - R375 Owner's telephone - R? Settlement of account - R? Stationery - R1 400

INV954

F. Cheques issued during the month:

Date

Doc. No

Paid to

Amount

Reason

Sep 2020 7 550

551 Goji

17 552 21 553

28 554

Drinker

Cash

Postmaster R475

Edmarka R?

Other information that may be of importance to you:

All the trading stock is sold at a 35% markup on cost

Kryptops Enterprises is NOT a VAT vendor

The bank statement reflects interest on credit balance, R658 and bank charges, R185, dated 30 September 2020.

Required:

Complete the following subsidiary journals:

2.1. Cash receipts journal (14)

2.2. Cash payments journal (12)

2.3. Debtors/sales journal (8)

2.4. Creditors/purchases journal (5)