Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following transactions must be recorded in the Journals of 2 Cool Stores for January 2 0 1 0 . table [ [ Date

image text in transcribed
The following transactions must be recorded in the Journals of 2Cool Stores for January 2010.
\table[[Date,Detalls,R],[2,Paid via EFT to Alpine Agency for monthly rental (ref 150),850],[5,Cash sales of gcods (CRT40)(Cost of sales R2800),4000],[9,Bought stationery from DJ Stationers (EFT no.1S1),120],[11.,Paid wages by EFT (EFT no.152),2500],[17,Cash sales (CRT 41)(Cost of sales R1450),1950],[Received an EFT from T.Tenant for rent (receipt no.125),1700],[24.,Cash sales (CRT 42)(Cost of sales R1800),2400],[\table[[Recelved an EFT from P Daddy in full settlement of his account (recelpt no.],[126)]],],[26,Sent an EFT payment to TLC Ltd. In part paymentof his account (EFT no.153),7000],[29.,Sent EFT to Westlife Wholesalers in full settlement of account (EFT no.154),470],[30,Paid wages by EFT (EFT no.155),2500],[The owner took goods at cost for own use (no.156),450]]
REQUIRED:
4.2. Cash Payment Journal of 2Cool Stores for January 2010.(Provide the following columns: Bank, Wages, Creditors, and Sundry Accounts).
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

7th Canadian edition

1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458

More Books

Students also viewed these Accounting questions