{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T10:39:25-04:00", "answer_date": "2024-06-06 10:39:25", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2359760", "url": "\/study-help\/questions\/the-following-information-appeared-in-the-books-of-vilakazi-cars-2359760", "question_creation_date_js": "2024-06-06T10:39:25-04:00", "question_creation_date": "Jun 06, 2024 10:39 AM", "meta_title": "[Solved] The following information appeared in the | SolutionInn", "meta_description": "Answer of - The following information appeared in the books of Vilakazi Cars. You are required to do the following: 1. Make supple | SolutionInn", "meta_keywords": "information,appeared,books,vilakazi,cars,required,1,make,supplementary,entries,cash,journals", "question_title_h1": "The following information appeared in the books of Vilakazi Cars. You are required to do the following: 1. Make supplementary entries in the Cash Journals", "question_title": "The following information appeared in the books of Vilakazi Cars. You are", "question_title_for_js_snippet": "The following information appeared in the books of Vilakazi Cars You are required to do the following 1 Make supplementary entries in the Cash Journals where necessary 2 Close off the Cash Journals, then draw up and balance the Bank account 3 Compile a Bank reconciliation statement on 31 May 2021 Information Bank reconciliation Statement on 30 April 2021 Debit Credit Debit balance as per bank statement 210 300 00 Debit cheques not presented for payments No 654 No 739 15 000 00 9250 00 Credit balance according to bank account 234 550 00 234 550 00 234 550 00 Cash Receipts Journal of Vilakazi Cars May 2021 CRR R 64 CRR 5829 Doc Day Details No CRR Analysis of Bank receipts CRI 6 Sales Trade and other receivables Sundry Accounts Amount Fol Details Sales Sales 120 000 80 000 120 000 80 000 120 000 80 000 K Davids 30 Sales 5450 135 000 5450 135 000 5450 135 000 No 740 5 Nadia 1360 Property Cash Payment Journal of Vilakazi Cars May 2021 Doc Day Payee Bank CPJ6 Purchases Trade Trade Receivables Payables Sundry Accounts Amount Fol Details Control Control 1360 Rent Expense 741 9 Hyper 115 930 115930 742 10 Easy Fit 12 670 12 670 743 10 Toyota 90840 90840 744 22 T Thomas 1600 1600 745 24 N Scholtz 5770 5770 Salaries LOVE A Cash Receipts Journal of Vilakazi Cars May 2021 CRJ 6 Doc Day Details No Analysis of Bank receipts Sales Trade and other Sundry Accounts Amount Fol Details receivables Cash Payment Journal of Vilakazi Cars May 2021 Doc Day Payee Bank No (8) CPJ 6 Purchases Trade Receivables Control Trade Payables Control Sundry Accounts Amount Fol Details NG 414 600 1025 ma 201 To 1360 (16) MAY D FINN BANK Bank statement Description Vilakazi Cars Account Number 68455723621 Page Number 1 of 1 Transaction Transaction Date Amount Amount Debit ( ) Credit ( ) Balance Balance brought 2021 05 01 210300 00 forward Overdraft cost 190 00 2021 05 04 210 490 00 Cheque 900 3510 00 2021 05 07 214 000 00 Cheque 739 9250 00 2021 05 08 223 250 00 Credit 120 000 00 2021 05 10 103 250 00 Cheque 740 1360 00 2021 05 14 104 610 00 Credit 80 000 00 2021 05 14 24 610 00 Service fee 880 00 2021 05 15 25 490 00 Cheque 742 12670 00 2021 05 16 38 160 00 Cheque book 40 00 2021 05 20 38 200 00 Credit 6700 00 2021 05 23 31 500 00 Cheque 743 90 840 00 2021 05 26 122 340 00 Cheque dishonoured 2750 00 2021 05 26 125 090 00 Cheque 745 5770 00 2021 05 27 130 860 00 Interest on overdraft 1630 00 2021 05 27 132 490 00 Credit 5450 00 2021 05 28 127 040 00 SA Insurance 10 200 00 2021 05 29 137 240 00 Vodafone 1290 00 2021 05 30 138 600 00 70 00 2021 05 31 138 600 00 Tax levy Additional information 1 Cheque No 900 for R 3510 withdrawn by Volla Cars, appeared on the bank statement on Vilakazi Cars CPS (01 06) 2 The credit entry on 27 05 2021 was for a deposit made by FINN Bank directly into the business current account for interest received on a savings account CRJ Int on Overdraft R 1630 3 The bank statement showed an unpaid cheque of R 2750 that was received from J van Zyl, a debtor, on 25 April 2021 and dishonoured due to insufficient funds CPJ 4 The debit entry on 29 05 2021 was for a debit order for Insurance CPJ (SA insurance Ri 5 The debit entry on 30 05 2021 for Vodafone was for the payment of the owner's cell phone CP X6 Cheque No 654 was sent to Pitstop as settlement of account It got lost and must be cancelled A New cheque will be issued", "question_description": "\"image\"image\"image\"image The following information appeared in the books of Vilakazi Cars. You are required to do the following: 1. Make supplementary entries in the Cash Journals where necessary. 2. Close off the Cash Journals, then draw up and balance the Bank account. 3. Compile a Bank reconciliation statement on 31 May 2021 Information: Bank reconciliation Statement on 30 April 2021 Debit Credit Debit balance as per bank statement 210 300 00 Debit cheques not presented for payments No. 654 No. 739 15 000 00 9250 00 Credit balance according to bank account 234 550 00 234 550 00 234 550 00 Cash Receipts Journal of Vilakazi Cars - May 2021 CRR R 64 CRR 5829 Doc Day Details No. CRR Analysis of Bank receipts CRI 6 Sales Trade and other receivables Sundry Accounts Amount Fol Details Sales Sales 120 000 80 000 120 000 80 000 120 000 80 000 K Davids 30 Sales 5450 135 000 5450 135 000 5450 135.000 No. 740 5 Nadia 1360 Property Cash Payment Journal of Vilakazi Cars - May 2021 Doc Day Payee Bank CPJ6 Purchases Trade Trade Receivables Payables Sundry Accounts Amount Fol Details Control Control 1360 Rent Expense 741 9 Hyper 115 930 115930 742 10 Easy Fit 12 670 12 670 743 10 Toyota 90840 90840 744 22 T. Thomas 1600 1600 745 24 N. Scholtz 5770 5770 Salaries LOVE A Cash Receipts Journal of Vilakazi Cars - May 2021 CRJ 6 Doc Day Details No. Analysis of Bank receipts Sales Trade and other Sundry Accounts Amount Fol Details receivables Cash Payment Journal of Vilakazi Cars - May 2021 Doc Day Payee Bank No. (8) CPJ 6 Purchases Trade Receivables Control Trade Payables Control Sundry Accounts Amount Fol Details NG 414 600 1025 ma 201 To 1360 (16) MAY D FINN BANK Bank statement Description Vilakazi Cars Account Number: 68455723621 Page Number: 1 of 1 Transaction Transaction Date Amount Amount Debit (-) Credit (+) Balance Balance brought 2021\/05\/01 -210300.00 forward Overdraft cost 190.00 2021\/05\/04 -210 490.00 Cheque 900 3510.00 2021\/05\/07 -214 000.00 Cheque 739 9250.00 2021\/05\/08 -223 250.00 Credit 120 000.00 2021\/05\/10 -103 250.00 Cheque 740 1360.00 2021\/05\/14 -104 610.00 Credit 80 000.00 2021\/05\/14 -24 610.00 Service fee 880.00 2021\/05\/15 -25 490.00 Cheque 742 12670.00 2021\/05\/16 -38 160.00 Cheque book 40.00 2021\/05\/20 -38 200.00 Credit 6700.00 2021\/05\/23 -31 500.00 Cheque 743 90 840.00 2021\/05\/26 122 340.00 Cheque dishonoured 2750.00 2021\/05\/26 -125 090.00 Cheque 745 5770.00 2021\/05\/27 -130 860.00 Interest on overdraft 1630.00 2021\/05\/27 -132 490.00 Credit 5450.00 2021\/05\/28 -127 040.00 SA Insurance 10 200.00 2021\/05\/29 -137 240.00 Vodafone 1290.00 2021\/05\/30 -138 600.00 70.00 2021\/05\/31 -138 600.00 Tax levy Additional information: 1. Cheque No.900 for R 3510 withdrawn by Volla Cars, appeared on the bank statement on Vilakazi Cars CPS (01\/06) 2. The credit entry on 27\/05\/2021 was for a deposit made by FINN Bank directly into the business current account for interest received on a savings account. CRJ Int on Overdraft R. 1630 3. The bank statement showed an unpaid cheque of R 2750 that was received from J.van Zyl, a debtor, on 25 April 2021 and dishonoured due to insufficient funds. CPJ 4. The debit entry on 29\/05\/2021 was for a debit order for Insurance. CPJ (SA insurance - Ri 5. The debit entry on 30\/05\/2021 for Vodafone was for the payment of the owner's cell phone. CP X6. Cheque No. 654 was sent to Pitstop as settlement of account. It got lost and must be cancelled. A New cheque will be issued", "transcribed_text": "", "related_book": { "title": "Study Guide To Accompany Fundamentals Of Corporate Finance", "isbn": "0073012424, 9780073012421", "edition": "5th Edition", "authors": "Richard Brealey, Stewart Myers, Alan Marcus", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/2023\/11\/65535751ecd4d_65765535751d7d34.jpg", "uri": "\/textbooks\/study-guide-to-accompany-fundamentals-of-corporate-finance-5th-edition-9780073012421-95068", "see_more_uri": "" }, "free_related_book": { "isbn": "0073376639", "uri": "\/textbooks\/humanities-through-the-arts-8th-edition-978-0073376639-340411", "name": "Humanities Through The Arts", "edition": "8th Edition" }, "question_posted": "2024-06-06 10:39:25", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/exotic-roses-owned-by-margarita-rameriz-provides-a-variety-of", "description": "Exotic Roses, owned by Margarita Rameriz, provides a variety of rare rose bushes to local nurseries that sell Ramerizs roses to the end consumer (landscapers and retail customers). 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