Question

• Look at the transactions. They represent an organisation’s trading activities for March 20XX.

• Enter the transactions using T accounts - New table needed

• 	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)	1,999.00	Accounts Receivable
  4	6/3/XX	Cash sale	1,899.00	Sales
  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	1,275.00	Sales
  8	13/3/XX	Copy paper—paid cash	11.50	Stationery
  9	13/3/XX	Invoice sale (W Jones)	3,450.00	Accounts Receivable
  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	1,999.00	Sales
  15	28/3/XX	Interest received	1.89	Interest
  16	28/3/XX	Payment received for invoice sale	3,450.00	Accounts Receivable
  	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)	1,999.00	Accounts Receivable
  4	6/3/XX	Cash sale	1,899.00	Sales
  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	1,275.00	Sales
  8	13/3/XX	Copy paper—paid cash	11.50	Stationery
  9	13/3/XX	Invoice sale (W Jones)	3,450.00	Accounts Receivable
  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	1,999.00	Sales
  15	28/3/XX	Interest received	1.89	Interest
  16	28/3/XX	Payment received for invoice sale	3,450.00	Accounts Receivable

Answer 1

Cash
Date	Debit	Credit	Date
Mar 5	$     156.99	$        32.80	Mar 4
Mar 6	$ 1,899.00	$        11.50	Mar 6
Mar 11	$ 1,275.00	$        28.50	Mar 11
Mar 19	$        64.99	$        11.50	Mar 13
Mar 26	$ 1,999.00	$        31.75	Mar 17
Mar 28	$          1.89	$     350.00	Mar 20
Mar 28	$ 3,450.00	$        18.25	Mar 25
Balance	$ 8,362.57

Accounts Receivable
Date	Debit	Credit	Date
Mar 6	$ 1,999.00	$ 3,450.00	Mar 28
Mar 13	$ 3,450.00
Balance	$ 1,999.00

Stationery
Date	Debit	Credit	Date
Mar 6	$        11.50
Mar 13	$        11.50
Balance	$        23.00

Interest Revenue
Date	Debit	Credit	Date
		$            1.89	Mar 28
		$            1.89	Balance

Sales Revenue
Date	Debit	Credit	Date
		$        156.99	Mar 5
		$    1,999.00	Mar 6
		$    1,899.00	Mar 6
		$    1,275.00	Mar 11
		$    3,450.00	Mar 13
		$          64.99	Mar 19
		$    1,999.00	Mar 26
		$ 10,843.98	Balance

Motor vehicle expenses
Date	Debit	Credit	Date
Mar 4	$    32.80
Mar 6	$    28.50
Mar 17	$    31.75
Mar 25	$    18.25
Balance	$ 111.30

Rent expenses
Date	Debit	Credit	Date
Mar 20	$ 350.00
Balance	$ 350.00