Ref DATE TRANSACTION AMOUNT ACCOUNT 1 4/3/XX Filled car with fuel-paid cash 32.80 Motor vehicle expenses...

Ref	DATE	TRANSACTION	AMOUNT	ACCOUNT
1	4/3/XX	Filled car with fuel-paid cash	32.80	Motor vehicle expenses
2	5/3/xx	Cash sale	156.99	Sales
3	6/3/xx	Invoice sale (R Smith)	1999	Sales
4	6/3/xx	Cash sale	1899	Stationery
5	6/3/xx	Copy paper-paid cash	11.50	Stationery
6	11/3/xx	Filled car with fuel-paid cash	28.50	Motor Vehicle expense
7	11/3/xx	Cash sale	1275	Sale
8	13/3/xx	Copy paper-paid cash	11.50	Stationery
9	13/3/xx	Invoice sale (W Jones)	3450	Sale
10	17/3/xx	Filled car with fuel-paid cash	31.75	Motor Vehicle expense
11	19/3/xx	Cash sale	64.99	Sales
12	20/3/xx	Rent-paid cash	350.00	Rent
13	25/3/xx	Filled car with fuel-paid cash	18.25	Motor vehicle expense
14	26/3/xx	Cash sale	1999	Sales
15	25/3/xx	Interest received	1.89	Interest
16	28/3/xx	Payment received for invoice sale	3450	Account Receivable

Prepare the general ledger entries using the worksheet.:

General Ledger

W JONES
DATE	DOCKET	DETAILS	POST REF	DEBIT	CREDIT	BALANCE
		OPENING BALANCE



		CLOSING BALANCE

Debtors ledger

R SMITH
DATE	DOCKET	DETAILS	POST REF	DEBIT	CREDIT	BALANCE
		OPENING BALANCE



		CLOSING BALANCE

Trade Debtor’s Schedule

OPENING BALANCE	0.00


CLOSING BALANCE

Prepare a trial balance for the accounts.

Trial Balance

ACCOUNT	DR	CR

Expert Solution

GENERAL LEDGER
Date	details	DETAILS	DEBIT	CREDIT
xx	x	OPENING BALANCE	-	-
4/3/XX	Consumables	Filled car with fuel-paid cash	32.8
4/3/XX	Cash	Filled car with fuel-paid cash		32.8
5/3/xx	Cash	Cash sale	156.99
5/3/xx	Sales	Cash sale		156.99
6/3/xx	Debtors	Invoice sale (R Smith)	1999
6/3/xx	Sales	Invoice sale (R Smith)		1999
6/3/xx	Cash	Cash sale	1899
6/3/xx	Sales	Cash sale		1899
6/3/xx	Consumables	Copy paper-paid cash	11.5
6/3/xx	Cash	Copy paper-paid cash		11.5
11/3/xx	Consumables	Copy paper-paid cash	28.5
11/3/xx	Cash	Copy paper-paid cash		28.5
11/3/xx	Cash	Cash sale	1275
11/3/xx	Sales	Cash sale		1275
13/3/xx	Consumables	Copy paper-paid cash	11.5
13/3/xx	Cash	Copy paper-paid cash		11.5
13/3/xx	Debtors	Invoice sale (W Jones)	3450
13/3/xx	Sales	Invoice sale (W Jones)		3450
17/3/xx	Consumables	Filled car with fuel-paid cash	31.75
17/3/xx	Cash	Filled car with fuel-paid cash		31.75
19/3/xx	Cash	Cash sale	64.99
19/3/xx	Sales	Cash sale		64.99
20/3/xx	Rent	Rent-paid cash	350
20/3/xx	Cash	Rent-paid cash		350
25/3/xx	Consumables	Filled car with fuel-paid cash	18.25
25/3/xx	Cash	Filled car with fuel-paid cash		18.25
26/3/xx	Cash	Cash sale	1999
26/3/xx	Sales	Cash sale		1999
25/3/xx	Interest	Interest received		1.89
25/3/xx	Cash	Interest received	1.89
28/3/xx	Debtors	Payment received for invoice sale	3450
28/3/xx	Sales	Payment received for invoice sale		3450
		Total	14,780.17	14,780.17

	Debtors
Date	DETAILS	DEBIT	CREDIT
1/3/xx	Opening balance	0
6/3/xx	Invoice sale (R Smith)	1999
13/3/xx	Invoice sale (W Jones)	3450
28/3/xx	Payment received for invoice sale	3450
	closing balance		8899
	Total	8899	8899

TRIAL BALANCE AS OF 31/3/XX
ACCOUNTS	DEBIT	CREDIT
Debtors	8,899.00
Cash	4,912.57
Consumables	134.3
Inerest		1.89
Rent	350
Sales		14293.98
TOTAL	14295.87	14295.87

ekkarill92 answered 1 year ago

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