CASH PAYMENTS JOURNAL |
||||||||||
Date |
Account |
Cheq no |
Post Ref |
Debits |
Credits |
|||||
Accounts Payable |
Inventory |
Salary expense |
Other Accounts |
Cash at Bank |
Discount Received* |
|||||
Mar |
5 |
Furniture |
473 |
151 |
|
|
|
1080.00 |
1,080.00 |
|
Mar |
10 |
Inventory |
474 |
118 |
|
770.00 |
|
|
770.00 |
|
Mar |
13 |
Delwood Plaza |
475 |
211 |
5,900.00 |
|
|
|
5,723.00 |
177.00 |
Mar |
22 |
Prepaid Insurance |
476 |
117 |
|
|
|
1,345.00 |
1,345.00 |
|
Mar |
25 |
Electricity and gas expense |
477 |
541 |
|
|
|
380.00 |
380.00 |
|
Mar |
30 |
Houghton Supplies |
478 |
211 |
680.00 |
|
|
|
680.00 |
|
Mar |
31 |
Salary expense |
479 |
531 |
|
|
1,100.00 |
|
1,100.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,580.00 |
770.00 |
1,100.00 |
2,805.00 |
11,078.00 |
177.00 |
Post Balances to General Ledger accounts |
211 |
118 |
531 |
X |
111 |
414 |
||||
|
|
|
|
|
|
|
11,255.00 |
|
11,255.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
* This account has been created additionally as no corresponding account exist for discount received. |
|
|
|
SALES JOURNAL |
|||||||
Date |
Account |
Invoice Number |
Post Ref |
Terms |
Accounts Receivable |
Cost of Sales |
|
Mar |
2 |
L. E. Wooten |
191 |
112 (c) |
2/10, n/30 |
2,350.00 |
1,390.00 |
Mar |
9 |
Canberra Associates |
192 |
112 (a) |
2/10, n/30 |
6,250.00 |
3,300.00 |
Mar |
15 |
J. R. Wakeland |
193 |
112 (b) |
2/10, n/30 |
740.00 |
410.00 |
Mar |
18 |
L. E. Wooten |
194 |
112 (c) |
2/10, n/30 |
1,825.00 |
970.00 |
Mar |
29 |
Canberra Associates |
195 |
112 (a) |
2/10, n/30 |
1,800.00 |
1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,965.00 |
7,070.00 |
Post Balances to General Ledger accounts |
112 / 411 |
511 / 118 |
PURCHASES JOURNAL |
|||||
Date |
Account |
Terms |
Post Ref |
Accounts Payable |
|
Mar |
3 |
Delwood Plaza |
3/10, n/60 |
211 (a) |
5,900.00 |
Mar |
20 |
Jasper Sales |
net 30 |
211 (c) |
2,150.00 |
Mar |
28 |
Houghton Supplies |
2/10, n/30 |
211 (b) |
420.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,470.00 |
Post Balances to General Ledger accounts |
118 / 211 |
GENERAL JOURNAL |
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Date |
Details |
Post Ref |
Debit |
Credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar |
13 |
Supplies |
116 |
680.00 |
|
|
|
Houghton Supplies |
211 |
|
680.00 |
|
|
(Supplies purchased on credit, terms net end of month) |
|
|
|
|
|
|
|
|
|
Mar |
17 |
Sales returns and allowances |
413 |
740.00 |
|
|
|
J. R. Wakeland |
112 |
|
740.00 |
|
|
(Credit note issued for return of goods) |
|
|
|
|
|
|
|
|
|
Mar |
17 |
Inventory |
118 |
410.00 |
|
|
|
Cost of Sales |
511 |
|
410.00 |
|
|
(Cost of sales reversed on return) |
|
|
|
|
|
|
|
|
|
Mar |
22 |
Furniture |
151 |
775.00 |
|
|
|
Delwood Plaza |
211 |
|
775.00 |
|
|
(Purchase of furniture at credit term 3/10, n/60) |
|
|
|
|
|
|
|
|
|
Mar |
29 |
Houghton Supplies |
211 |
420.00 |
|
|
|
Inventory |
118 |
|
420.00 |
|
|
(Returned defective inventory) |
|
|
|
|
|
|
|
|
|
General Ledger
DEBIT |
CREDIT |
||||
Date |
Details |
Amt. $ |
Date |
Details |
Amt. $ |
|
|
Cash at Bank A/c 111 |
|
|
|
31st Mar |
Total from cash receipt journal |
13,863.00 |
31st Mar |
Total from cash payment journal |
11,078.00 |
|
|
|
31st Mar |
Closing balance |
2,785.00 |
|
|
|
|
|
|
|
|
13,863.00 |
|
|
13,863.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Receivable A/c 112 |
|
|
|
31st Mar |
Total from sales journal |
12,965.00 |
17th Mar |
Credit note issued |
740.00 |
|
|
|
31st Mar |
Total from cash receipt journal |
10,425.00 |
|
|
|
31st Mar |
Closing balance |
1,800.00 |
|
|
12,965.00 |
|
|
12,965.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplies A/c 116 |
|
|
|
13th Mar |
Purchase on credit |
680.00 |
24th Mar |
Supplies sold |
80 |
|
|
|
31st Mar |
Closing balance |
600.00 |
|
|
|
|
|
|
|
|
680.00 |
|
|
680.00 |
|
|
|
|
|
|
|
|
Prepaid Insurance a/c 117 |
|
|
|
22nd Mar |
Insurance purchased |
1,345.00 |
|
|
|
|
|
|
31st Mar |
Closing balance |
1,345.00 |
|
|
|
|
|
|
|
|
1,345.00 |
|
|
1,345.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventory A/c 118 |
|
|
|
17th Mar |
Inventory returned by client |
410.00 |
29th Mar |
Inventory returned by us |
420.00 |
31st Mar |
Total from cash payment journal |
770.00 |
31st Mar |
Total from cash receipt journal |
1,820.00 |
31st Mar |
Total from purchase journal |
8,470.00 |
31st Mar |
Total from sales journal |
7,070.00 |
|
|
|
31st Mar |
Closing balance |
340.00 |
|
|
|
|
|
|
|
|
9,650.00 |
|
|
9,650.00 |
|
|
|
|
|
|
|
|
Furniture A/C 151 |
|
|
|
5th Mar |
Purchased furniture for cash |
1080.00 |
|
|
|
22nd Mar |
Purchased furniture on credit |
775.00 |
31st Mar |
Closing balance |
1,855.00 |
|
|
|
|
|
|
|
|
1855.00 |
|
|
1,855.00 |
|
|
|
|
|
|
|
|
Accounts Payable A/c 211 |
|
|
|
29th Mar |
Inventory returned |
420.00 |
13th Mar |
Purchase on credit |
680.00 |
31st Mar |
Total from cash payment journal |
6,580.00 |
22nd Mar |
Purchased furniture on credit |
775.00 |
31st Mar |
Closing balance |
2,925.00 |
31st Mar |
Total from purchase journal |
8,470.00 |
|
|
9,925.00 |
|
|
9,925.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Revenue a/c 411 |
|
|
|
|
|
|
31st Mar |
Total from cash receipt journal |
3,410.00 |
31st Mar |
Closing balance |
16,375.00 |
31st Mar |
Total from sales journal |
12,965.00 |
|
|
|
|
|
|
|
|
16,375.00 |
|
|
16,375.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales discounts 412 |
|
|
|
31st Mar |
Total from cash receipt journal |
172.00 |
31st Mar |
Closing balance |
172.00 |
|
|
|
|
|
|
|
|
172.00 |
|
|
172.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Returns and Allowances 413 |
|
|
|
17th Mar |
Credit note issued |
740.00 |
31st Mar |
Closing balance |
740.00 |
|
|
|
|
|
|
|
|
740.00 |
|
|
740.00 |
|
|
|
|
|
|
|
|
Discount received – 414 |
|
|
|
31st Mar |
Closing balance |
177.00 |
31st Mar |
Total from cash payment journal |
177.00 |
|
|
|
|
|
|
|
|
177.00 |
|
|
177.00 |
|
|
|
|
|
|
|
|
Interest Revenue A/c 419 |
|
|
|
31st Mar |
Closing balance |
120.00 |
8th Mar |
Interest received |
120 |
|
|
|
|
|
|
|
|
120.00 |
|
|
120 |
|
|
|
|
|
|
|
|
Cost of Sales A/c 511 |
|
|
|
31st Mar |
Total from cash receipt journal |
1,820.00 |
17th Mar |
Inventory returned |
410.00 |
31st Mar |
Total from sales journal |
7,070.00 |
31st Mar |
Closing balance |
8,480.00 |
|
|
|
|
|
|
|
|
8,890.00 |
|
|
8,890.00 |
|
|
|
|
|
|
|
|
Salary expense 531 |
|
|
|
31st Mar |
Total from cash payment journal |
1,100.00 |
31st Mar |
Closing balance |
1,100.00 |
|
|
|
|
|
|
|
|
1,100.00 |
|
|
1,100.00 |
|
|
|
|
|
|
|
|
Electricity and Gas expense 541 |
|
|
|
25th Mar |
Expesnes paid |
380.00 |
31st Mar |
Closing balance |
380.00 |
|
|
|
|
|
|
|
|
380.00 |
|
|
380.00 |
DEBIT |
CREDIT |
||||
Date |
Details |
Amt. $ |
Date |
Details |
Amt. $ |
|
|
Canberra Associates (a) |
|
|
|
9th Mar |
Sales on credit |
6,250.00 |
19th Mar |
Cash received |
6250.00 |
29th Mar |
Sales on credit |
1,800.00 |
31st Mar |
Closing balance |
1800.00 |
|
|
|
|
|
|
|
|
8,050.00 |
|
|
8050.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
JR Wakeland (b) |
|
|
|
15th Mar |
Sales on credit |
740.00 |
17th Mar |
Credit note issued |
740.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
740.00 |
|
|
740.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
L E Wooten (c) |
|
|
|
2nd Mar |
Sales on credit |
2,350.00 |
12th Mar |
Cash received |
2350.00 |
18th Mar |
Sales on credit |
1,825.00 |
31st Mar |
Cash received |
1825.00 |
|
|
|
|
|
|
|
|
4,175.00 |
|
|
4,175.00 |
DEBIT |
CREDIT |
||||
Date |
Details |
Amt. $ |
Date |
Details |
Amt. $ |
|
|
Delwood Plaza (a) |
|
|
|
13th Mar |
Cash paid |
5,900.00 |
3rd Mar |
Purchase on credit |
5,900.00 |
31st Mar |
Closing balance |
775.00 |
22nd Mar |
Purchased furniture on credit |
775.00 |
|
|
|
|
|
|
|
|
6,675.00 |
|
|
6,675.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Houghton Supplies (b) |
|
|
|
29th Mar |
Inventory returned |
420.00 |
13th Mar |
Purchase on credit |
680.00 |
30th Mar |
Cash paid |
680.00 |
28th Mar |
Purchase on credit |
420.00 |
|
|
|
|
|
|
|
|
1,100.00 |
|
|
1,100.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jasper Sales (c) |
|
|
|
31st Mar |
Closing balance |
2,150.00 |
20th Mar |
Purchase on credit |
2,150.00 |
|
|
|
|
|
|
|
|
2,150.00 |
|
|
2,150.00 |
|
|
|
|
|
|
Reconciliation of subsidiary Accounts Receivable Ledger with General Ledger Control Account for Accounts Receivable
Account name |
Balance at month end |
Canberra Associates (a) |
1800.00 |
JR Wakeland (b) |
0 |
L E Wooten (c) |
0 |
|
|
Balance at month end |
1800.00 |
|
|
|
|
as per Accounts Receivable Control Account in the General Ledger |
1,800.00 |
Reconciliation of subsidiary Accounts Payable Ledger with General Ledger Control Account for Accounts payable
Account name |
Balance at month end |
Delwood Plaza (a) |
775.00 |
Houghton Supplies (b) |
0 |
Jasper Sales (c) |
2,150.00 |
|
|
Balance at month end |
2925.00 |
|
|
|
|
as per Accounts Payable Control Account in the General Ledger |
2,925.00 |
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