CHAPTER 6 ACCOUNTING TO TRIAL BALANCE – CASH AND
CHAPTER 6ACCOUNTING TO TRIAL BALANCE –CASH AND CREDIT JOURNALSUSING PERPETUAL INVENTORYSolution 6.1(a)Date20X6July 1General Journal of A WebbParticularsInventoryCapitalAsset introduced at commencementFolio110455Debit 25 000Folio no: GJ1Credit 25 000(b)Sales Journal of A WebbDate20X6July 781218192125Invoice/CreditNoteCost ofGoodsSold2012021512032042051524 2003 750(215)1 6508001 900Accounts Receivable/ParticularsFolioR Edwards – SalesE Martin – SalesR Edwards – Sales ReturnsH Barlow – SalesE Martin – SalesH Barlow – SalesH Barlow – Overcharge115.1115.2115.1115.3115.2115.3115.312 085(110)(600)AccountsReceivableFolio no: SJ1SalesGSTcollected9 2408 250(473)4 4001 7604 180(1 210)8 4007 500(430)4 0001 6003 800(1 100)840750(43)400160380(110)26 14723 770(505)2 377(315)(c)20X6July 1CapitalGJ1Aug 1Balanceb/d20X6July 7SalesAug 1BalanceGeneral Ledger of A WebbInventory20X625 000 July 31Cost of goods soldBalance25 00012 915Accounts Receivable – R Edwards20X6SJ19 240 July 12Sales (returns)31Balance9 240b/d8 767Accounts Receivable – E Martin20X6July 819SalesSalesSJ1SJ18 2501 76010 01086Folio no: 110SJ1c/d12 08512 91525 000Folio no: 115.1SJ1c/d4738 7679 240Folio no: 115.2
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual Inventory20X6July 1821SalesSalesAug 1BalanceAccounts Receivable – H Barlow20X6SJ14 400 July 25Sales (returns)SJ14 18031Balance8 580b/d7 370GST Collected20X6July 31Capital20X6July 1Folio no: 115.3SJ1c/dFolio no: 315Accounts receivableSJ1InventoryGJ1Accounts receivableSJ1Cost of Goods SoldSJ125 000Folio no: 50520X6July 31Inventory2 377Folio no: 455Sales20X6July 311 2107 3708 58023 770Folio no: 60012 085(d)A WebbTrial balance as at 31 July 20X6 12 9158 76710 0107 370InventoryAccounts receivable – R EdwardsAccounts receivable – E MartinAccounts receivable – H BarlowGST collectedCapitalSalesCost of goods soldSolution 6.2(a)Invoice/CreditDateNote20X7Dec 240178741110714 87011652928110962331481112 37725 00023 77012 08551 14751 147Purchases Journal of V TatjanaFolio no: PJ1MotorAccountsVehicleFolio Payable Inventory GST Paid Expenses StationeryAccounts Payable/ParticularsA Zakarov – PurchasesR Rhodes – PurchasesA Zakarov – Purchase returnsF Holden – Motor vehicleexpensesA Zakarov – PurchasesS Weller – StationeryF Holden – Motor vehicleexpense overchargeS Weller – Stationery returnsA Zakarov – Purchase 25(b)20X7Dec 31 General Ledger of V TatjanaInventoryAccounts payablePJ137087180(30)150(762)Folio no: 110
Solutions to Accounting – A Practical ApproachGST Paid20X7Dec 3120X7Dec 113120X7Dec 1631Accounts payablePJ1Folio no: 305.1Inventory – returnsInventory – returnsBalanceAccounts Payable – A Zakarov20X7PJ155 Dec 2 InventoryPJ11114 Inventoryc/d154220Jan 1 BalanceAccounts Payable – R Rhodes20X7Dec 7InventoryFolio no: 305.2Motor vehicle expenses –overchargeBalance75c/dStationery – returnsBalanceAccounts payableBalanceAccounts payablePJ1220154253PJ1297b/d297253Folio no: 305.4PJ1198b/d198165Folio no: 762150Motor Vehicle Expenses20X7Dec 31b/d253297Accounts Payable – S Weller20X7PJ133 Dec 16 Stationeryc/d165198Jan 1 BalancePJ112199Folio no: 305.3Stationery20X7Dec 31PJ1PJ1PJ1Accounts Payable – F Holden20X7PJ144 Dec 1 Motor vehicle expensesJan 120X7Dec 2331Folio no: 135Folio no: 775230(c)V TatjanaTrial Balance as at 31 December 20X7Dr37075InventoryGST paidAccounts payable – A ZakarovAccounts payable – R RhodesAccounts payable – F HoldenAccounts payable – S WellerStationeryMotor vehicle expensesCr15425325316515023082588825
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventorySolution 6.3(a)General Journal of H MaParticularsDate20X4April 1FolioInventoryCapitalInventory introduced at commencementFolio no: GJ1Credit Debit 15 00011045515 000(b)Purchases Journal of H MaDate20X4April 415172027Invoice/CreditNoteAccounts Payable/ParticularsFolio889346819131813174D Brooks – purchasesD Brook – purchase adjustmentDaily Planet – advertisingDaily Planet – advertising adjustmentFreetown Power Supply – electricity305.1305.1305.2305.2305.3Folio no: PJ1AccountsAdvertPayable Inventory GST paid 3383(135)390(70)330320(710)Sales Journal of H MaDate20X4April 3111723Invoice/CreditNoteCost ofGoodsSold4211884224232706901 830Accounts Receivable/ParticularsT Poulos – SalesT Poulos – Sales overchargeP Allan – SalesP Allan – SalesElectricity330(750)Folio no: 220)1 5403 960560(200)1 4003 60056(20)1403605 8965 360(505)536(315)2 790(110)(600)SalesGSTcollected(c)20X4April 130CapitalAccounts payableMay 1Balance20X4April 3SalesMay 1Balance20X4April 1723SalesSalesGeneral Ledger of H MaInventory20X4GJ115 000 April 30 Cost of goods soldPJ1180Balance15 180b/d12 390Accounts payableSJ1c/d2 79012 39015 180Accounts Receivable – T Poulos20X4SJ1616April 11 Sales – overcharge30 Balance616b/d396Folio no: 115.1Accounts Receivable – P AllanFolio no: 115.2SJ1SJ1PJ1SJ1c/d2203966161 5403 9605 500GST Paid20X4April 30Folio no: 1108389Folio no: 135
Solutions to Accounting – A Practical Approach20X4April 43020X4April 2030Purchases – adjustmentsBalanceAdvertising – adjustmentBalanceAccounts Payable – D Brooks20X4PJ166 April 4 Purchasesc/d198264May 1 BalanceFolio no: 305.1Accounts Payable – Daily Planet20X4PJ177 April 17 Advertisingc/d352429May 1 BalanceFolio no: 305.2Capital20X4April 1InventoryGJ1429352Folio no: 305.3SJ1Accounts PayablePJ1Accounts receivableSJ1Accounts PayablePJ1536Folio no: 455InventoryGJ115 000Folio no: 505Accounts receivableSJ15 360Folio no: 6002 790Folio no: 710320Electricity20X4April 30363Folio no: 315Advertising20X4April 30264198b/dCost of Goods Sold20X4April 30b/d429Sales20X4April 30264SJ1Accounts Payable – Freetown Power Supply20X4April 27 ElectricityGST Collected20X4April 30SJ1Folio no: 750330(d)H MaTrial Balance as at 30 April 20X4Dr12 3903965 50083InventoryAccounts receivable – T PoulosAccounts receivable – P AllanGST paidAccounts payable – D BrooksAccounts payable – Daily PlanetAccounts payable – Freetown Power SupplyGST collectedCapitalSalesCost of goods soldAdvertisingElectricityCr19835236353615 0005 3602 79032033021 8099021 809
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventorySolution 6.4(b)Cash Receipts Journal of J JelkeCostofRe GoodcsNo SoldDate20X1Feb 2 5214 5225236 5237 52410162127525526527528Drawer and/orParticularsFolioBankK Cole –115.1 4 312accountsreceivable1 300 SalesInterest income3 480R Fay – accounts 115.2 3 201receivableJ King – accounts 115.3 2 299receivable2 100 Sales4 730Technical advice1 540Rent income800Technical advice8363 400(110)(600)21 198(125)Folio no: CR1Accounts DiscounReceivablteAllowed Sales4 400GSTRentcollecte Interest Fees IncomdIncome Rec’de(80)(8)2 8002804003 300(90)(9)2 420(110)(11)4 3004301401 4007676080010 120(280)(610)7 100(505)898(315)400(515)2 160(520)800(510)(a) & (c)20X1Feb 1BalanceMar 1BalanceGeneral Ledger of J JelkeInventory20X1b/d5 000 Feb 28 Cost of goods soldBalance5 000b/d1 600Folio no: 115.1BalanceAccounts Receivable – K Cole20X1b/d4 400Feb 2BankFolio no: 115.2BalanceAccounts Receivable – R Fay20X1b/d3 300Feb 6BankFolio no: 115.3BalanceAccounts Receivable – J King20X1b/d2 420Feb 6Bank20X1Feb 120X1Feb 120X1Feb 1Bank20X1Feb 128BalanceCash Receiptsb/dCR1Balanceb/dCR1c/dCR1CR1CR13 4001 6005 0004 4003 3002 420Folio no: 1253 00021 19824 198Investment – Fixed Deposit20X1Feb 1Folio no: 110Folio no: 26010 000GST Collected20X1Feb 1Balance28BankCapital20X1Feb 191Folio no: 315b/dCR19208981 818Folio no: 455Balanceb/d27 200
Solutions to Accounting – A Practical ApproachSalesFolio no: 50520X1Feb 28Rent Income20X1Feb 28Interest Income20X1Feb 28Fees Received20X1Feb 28BankCR1Folio no: 510BankCR1InventoryCR1BankCR1BankCR1400Folio no: 520BankCR12 160Folio no: 6003 400Discount Allowed20X1Feb 28800Folio no: 515Cost of Goods Sold20X1Feb 287 100Folio no: 610280(d)J JelkeTrial Balance as at 28 February 20X1Dr1 60024 19810 000InventoryBankInvestment – fixed depositGST collectedCapitalSalesRent incomeInterest incomeFees receivedCost of goods soldDiscount allowedSolution 6.5(a)Date20X8Oct 1271014ChqNo30130230330430530622 307Payee esStationeryChildren’s Hospital –Donation28 308 Wages309 Drawings31 310 Heart Foundation –DonationCr1 81827 2007 1008004002 1603 40028039 47839 478Cash Payments Journal of V WilsonFolio no: CP1DiscounAccounttRentsReceiveGST Expens Drawing Wage Stationer DonationFolio Bank PayabledInventory Paidessys1 320495110400864557545010012045101 200400864550758844502008844502004 8535501801 2)(777)
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual Inventory(b)General Ledger of V WilsonInventory20X8Oct 31BankCP1Folio no: 110550BankFolio no: 12520X8Oct 31Cash paymentsGST Paid20X8Oct 31BankCP1BankCP1180Folio no: 460850Wages20X8Oct 31BankCP1Folio no: 7401 748Rent Expense20X8Oct 31BankCP1Folio no: 7451 200Stationery20X8Oct 31BankCP1Folio no: 76250Donations20X8Oct 31BankCP14 853Folio no: 135Drawings20X8Oct 31CP1Folio no: 777275(c)V WilsonTrial Balance as at 31 October 20X8Dr550InventoryBankGST paidDrawingsWagesRent expenseStationeryDonationsCr4 8531808501 7481 200502754 853934 853
Solutions to Accounting – A Practical ApproachSolution 6.6(a)Date20X3April 1General Journal of M JolskiParticularsFolioInventoryCapitalInventory introduced at commencementDebit 20 000110455Folio no: GJ1Credit 20 000(b)Sales Journal of M JolskiDate20X3April 268132022Invoice/Cr NoteCost ofGoodsSold30127302303283041 700(140)2 5002 200NilAccounts Receivable/ParticularsFolioL Duffy – Salesl duffy – sales returnsG Mawson – SalesF Daly – SalesF Daly – Sales allowanceJ Hawkes – Rent able6 260(110)(600)Date20X3April ounts Payable/ParticularsF Wegner – InventoryM Burns – InventoryTuspo Telephone Co –TelephoneN Atkins – Office furnitureTuspo Telephone Co –AllowanceCandle Newspaper Co –AdvertisingFolio no: SJ1Sales4 180(330)5 6765 236(242)2 0903 800(300)5 1604 760(220)16 61013 200(505)Purchases Journal of M JolskiAccountsTelephonFolio Payable Inventory GST Paide305.1305.23 1901 617305.3305.45283 74048340480305.3(77)(7)(70)305.5264249 2622 9001 4704 370(110)GSTCollectedDate20X3April 71214201202203Cost ofGoodsSoldDrawer and/or ParticularsAccounts receivable – L Duffy350 P Hughes – SalesAccounts receivable – G Mawson350(110)(600)941 9001 510(315)1 900(510)290147842(135)3 400240410(755)3 400(230)240(710)Folio no: CR1Accounts DiscountGSTReceivable Allowed Sales CollectedFolioBank115.13 6968365 5333 8505 676(130)10 065(125)9 526(270)(610)115.2380(30)516476(22)190Folio no: PJ1OfficeFurnitur AdvertisinegCash Receipts Journal of M 315)
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventoryDate20X3April 152426ChqNoCash Payments Journal of M JolskiAccountsPayee and/or ParticularsFolioBankPayable3451 F Wegner – Accounts payable3452 M Burns – Accounts payable3453 J Barry – Inventory305.1305.23 0691 5401 3973 1901 6176 006(125)4 807Folio no: CP1DiscountGSTReceived InventoryPaid(110)(70)(180)(525)1 270(11)(7)1271 270(110)109(135)(c)20X3April 130May 120X3April 220X3April 820X3April 13May 1General Ledger of M JolskiInventory20X320 000 April 30Cost of goods sold4 370Cost of goods sold1 270Balance25 64019 030CapitalAccounts payableBankGJ1PJ1CP1Balanceb/dSalesAccounts Receivable – L Duffy20X3SJ14 180 April 6Sales(Returns)7Bank4 180SalesSalesBalanceAccounts Receivable – G Mawson20X3SJ15 676 April 14 BankAccounts Receivable – F Daly20X3SJ15 236 April 20 Sales (allowance)30 Balance5 236b/d4 994Accounts Receivable – J Hawkes20X3April 22Rent incomeSJ1ReceiptsCR1Bank20X310 065 April 30May 1Balanceb/d10 0654 059PJ1CP1PaymentsBalance20X3April 15Folio no: 115.1SJ1CR13303 8504 180Folio no: 115.2CR15 676Folio no: 115.3SJ1c/d2424 9945 236Folio no: 115.4CP1c/d6 0064 05910 065Folio no: 135842109951Office Furniture20X3April 306 26035019 03025 640Folio no: 125GST PaidAccounts payableBankSJ1CR1c/d2 09020X3April 3020X3April 30Folio no: 110Accounts payablePJ1BankAccounts Payable – F Wegner20X3CP13 190 April 3 PurchasesFolio no: 2303 40095Folio no: 305.1PJ13 190
Solutions to Accounting – A Practical Approach20X3April 2420X3April 2830BankTelephone – allowanceBalanceAccounts Payable – M Burns20X3CP11 617 April 5 PurchasesAccounts Payable – Tuspo Telephone Co20X3PJ177 April 17 Telephonec/d451528May 1 BalanceAccounts Payable – N Atkins20X3April 27 Office furnitureAccounts Payable – Candle Newspaper Co20X3April 30 AdvertisingGST Collected20X3April 30Capital20X3April 1Rent Income20X3April 30Accounts receivableBankCost of Goods SoldInventoryInventorySJ1CR1BankCR1Accounts payablePJ1Accounts payablePJ1528b/d528451Folio no: 305.4PJ13 740Folio no: 305.5PJ1264SJ1CR11 510491,559InventoryGJ120 000Folio no: 505Accounts receivableBankSJ1CR113 20076013 960Folio no: 510Accounts receivableSJ11 900Folio no: 525CP1180Folio no: 600Folio no: 610Folio no: 710240Telephone20X3April 30PJ1270Advertising20X3April 30Folio no: 305.36 2603506 610Discount Allowed20X3April 301 617Folio no: 455Discount Received20X3April 30Bank20X3April 30PJ1Folio no: 315Sales20X3April 30Folio no: 305.241096Folio no: 755
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual Inventory(d)M JolskiTrial Balance as at 30 April 20X3Dr19 0304 9942 0904 0599513 400InventoryAccounts receivable – F DalyAccounts payable – J HawkesBankGST PaidOffice furnitureAccounts payable – Tuspo Telephone CoAccounts payable – N AtkinsAccounts payable – Candle Newspaper CoGST CollectedCapitalSalesRent incomeDiscount receivedCost of goods soldDiscount allowedAdvertisingTelephoneCr4513 7402641,55920 00013 9601 9001806 61027024041042,054Solution 6.7(a)General Journal of M DuffyDateParticularsFolio20X6July 1 Inventory110Bank125GST paid135Capital455Assets introduced as capital at commencement of business42,054Folio no: GJ1Credit Debit 18 70010 0001 70030 400Sales Journal of M Duffy(b)Date20X6July 28Invoice/CreditNoteCost ofgoodssold9901 4201 520(140)10Accounts Receivable/ParticularsA Gabriel – SalesA Gabriel – SalesM Morrow – SalesM Morrow – Sales ReturnsFolio no: 22 1673 1793 322(308)1 9702 8903 020(280)197289302(28)8 3607 600(505)760(315)3 790(110)(600)Date20X6July 3452526Invoice/Cr NotePurchases Journal of M DuffyAccounts Payable/AccountsParticularsFolio Payable Inventory GST PaidMountain Motors – Motor vehicleD Ainsworth – PurchasesE Esgate – PurchasesA Turner – Freight outwardsD Ainsworth – Allowance13 2003 5312 805143(506)19 17397GSTCollectedFolio no: PJ1MotorFreightVehicle Outwards12 000(460)1 20032125513(46)5 300(110)1 743(135)12 000(225)3 2102 550130130(715)
Solutions to Accounting – A Practical ApproachCash Receipts Journal of M DuffyDate20X6July11620RecNoCost ofGoodsSoldDrawer and/orParticularsFolio1 180SalesA Gabriel2 5965 137115.1Date20X6July 1422272817 733(125)Mountain MotorsInventory (Purchases)D AinsworthElectricity305.1305.25 0004 5212 9044735 00012 898(125)8 025Loan2 3605 346(190)5 346(190)(610)2 360(505)Inventory41103 025(110)(110)(525)4110(110)236(19)10 000(410)Aug 120X6July 2CapitalAccounts payableBankGJ1PJ1CP1Balanceb/dSalesSales20X6July 8SalesAug 1BalanceGeneral Ledger of M DuffyInventory20X618 700 July 31 Cost of goods sold5 300Cost of goods sold4 110Balance28 11023 140411(11)43430443(135)430(750)Accounts Receivable – A Gabriel20X6SJ12 167 July 21 BankSJ13 1795 346Accounts Receivable – M Morrow20X6SJ13 322July 10 Sales (returns)31 Balanceb/dFolio no: 110SJ1CR1c/dCapitalReceiptsGJ1CR1Folio no: 115.2SJ1c/d3 3223 014Aug 1Balanceb/d10 00017 73327 73314 835CapitalAccounts payableBankGJ1PJ1CP13083 0143 32220X3July 31GST Paid20X6July 1315 3465 346Bank20X6July 1313 7901 18023 14028 110Folio no: 115.1CR11 7001 7434433 88698Folio no: 125PaymentsBalanceCP1c/d217(315)Folio no: CP1GSTPaidElectricity(c)20X6July 131GSTCollected10 000Cash Payments Journal of M DuffyAccountsDiscountFolioBankPayableReceivedPayee and/orParticularsSales10 0001 180(110)(600)ChqNoAccounts DiscountReceivable AllowedBankBEGG Finance – LoanFolio no: CR112 89814 83527 733Folio no: 135
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventoryMotor Vehicles20X6July 3120X6July 13120X6July 2627Folio no: 225Accounts payablePJ1BankBalanceAccounts Payable – Mountain Motors20X6CP15 000 July 3 Motor vehiclec/d8 20013 200Aug 1BalanceInventory – allowanceBank12 000Accounts Payable – D Ainsworth20X6PJ1506 July 4 InventoryCP13 025Folio no: 305.1PJ113 200b/d13 2008 200Folio no: 305.2PJ13 5313 531Accounts Payable – E Esgate20X6July 5 InventoryAccounts Payable – A Turner20X6July 25 Freight outwardsGST Collected20X6July 31Capital20X6July 1Sales20X6July 31Accounts nts payablePJ1Folio no: 305.4PJ1143SJ1CR1760217977Folio no: 410CR110 000Assets & LiabilitiesGJ130 400Folio no: 505Accounts receivableBankSJ1CR17 6002 3609 960Folio no: 525CP1110Folio no: 600Folio no: 610190Freight Outwards20X6July 312 8053 7901 1804 970Discount Allowed20X6July 31PJ1Folio no: 455Discount Received20X6July 31 BankCost of Goods SoldFolio no: 305.3Folio no: 315Loan from BEGG Finance20X6July 31 Bank20X6July 313 53113099Folio no: 715
Solutions to Accounting – A Practical ApproachElectricity20X6July 31BankCP1Folio no: 750430(d)M DuffyTrial Balance as at 31 July 20X6Dr23 1403 01414 8353 88612 000InventoryAccounts receivable – M MorrowBankGST PaidMotor vehiclesAccounts payable – Mountain MotorsAccounts payable – E EsgateAccounts payable – A TurnerGST collectedLoan from BEGG FinanceCapitalSalesDiscount receivedCost of goods soldDiscount allowedFreight outwardsElectricitySolution 6.8(a)Date20X4May 1Cr8 2002 80514397710 00030 4009 9601104 97019013043062 595General Journal of T HarrisonParticularsFolioBankInventoryPlant & equipmentAccounts receivable – B RobertsAccounts receivable – B ButlerGST collectedAccounts payable – D DobbieAccounts payable – F FerrisCapital – T HarrisonAssets and liabilities at this date62 595Debit 5 06016 5008 290890283125110220115.1115.2315305.1305.2455Folio no: GJ1Credit 17533938330 126(b)Date20X4May 5Invoice/Cr NotePurchases Journal of T HarrisonAccounts Payable/AccountsParticularsFolio Payable InventoryF Ferris – InventoryJ Jackman – InventoryF Ferris – AllowanceP Penton Ltd – Plant & EquipGreat Lakes Council – 01 693Folio no: PJ1Plant& 0(760)Sales Journal of T HarrisonDate20X4May 319Invoice/CreditNoteCost ofGoodsSold10090(12)178(110)(600)Accounts Receivable/ParticularsB Butler – SalesC Castle – SalesB Butler – ReturnsFolio115.2115.3115.2100GST paid73(135)Folio no: d190170(30)330(505)1917(3)33(315)
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventoryChqNoDate20X4May 281214Payee and/orParticularsFolioPurchasesWagesD Dobbie – creditorDrawingsCash Payments Journal of T HarrisonAccounts DiscountBankPayable Received Inventory20925931723808305.1Folio no: CP1WagesDrawings GST )259(740)Cash Receipts Journal of T HarrisonDate20X4May 2192022ReceiptNoCost ofGoodsSold190120Drawer and/orParticularsSalesSalesB RobertsC CastleFolio115.1115.3310(110)(660)(c)20X4May 131June 120X4May 120X4May 131June 120X4May 3BankGeneral Ledger of T HarrisonInventory20X416 500 May 31 Cost of goods sold640Cost of goods sold190Balance17 33016 842GJ1PJ1CP1Balanceb/dCapitalAccounts Receivable – B Roberts20X4GJ1890 May 20 BankCapitalSalesAccounts Receivable – B Butler20X4GJ1283 May 19 Sales – ReturnsSJ120931 Balance c/dJune 1CapitalReceiptsAccounts Receivable – C Castle20X4SJ1187 May 22 BankGJ1CR15 0601 59420X3May 316 6545 846Balance b/dAccounts )(1)47(315)510(505)Folio no: 110SJ1CR1c/d17831016 84217 330Folio no: 115.1CR1890Folio no: 115.2SJ133459492Folio no: 115.3CR1187Folio no: 125PaymentsBalance c/dCP18085 8466 654GST Paid20X4May 31(30)(10)(40)(610)492459Balance b/dBank20X4May 1318901871 077CapitalAccounts payableBankSalesFolio no: CR1Accounts DiscountReceivable Allowed3412208571761 59473179010117(135)Folio no: 135
Solutions to Accounting – A Practical ApproachPlant & Equipment20X4May 12120X4May 1220X4May 1431CapitalAccounts PayableGJ1PJ18 290908 380Accounts Payable – D Dobbie20X4339 May 1 CapitalBankPurchases – returnsBalance c/dFolio no: 220Accounts Payable – F Ferris20X4PJ155 May 1 Capital6805 InventoryFolio no: 305.1GJ1Folio no: 305.2GJ1PJ1735June 1Accounts Payable – Great Lakes Council20X4May 26 RatesAccounts Payable – J Jackman20X4May 5 InventoryGST Collected20X4May 131Folio no: 305.3PJ1Folio no: 305.4PJ1CP1PJ1CapitalAccounts receivableBankGJ1SJ1CR1GJ1Cost of Goods SoldFolio no: 460BankCR1SJ1CR1330510840Folio no: 525CP120Folio no: 600178310488Discount Allowed20X4May 3130 126Folio no: 505Discount Received20X4May 31 BankSJ1CR117533472552320X4May 31 Accounts receivableBankInventoryInventory407Folio no: 455Sales20X4May 31890Folio no: 305.5DrawingsBank99Folio no: 315Capital – T Harrison20X4May 1 Assets & Liabilities20X4May 14383352735680Balance b/dAccounts Payable – P Penton Ltd20X4May 21 Plant & Equipment33940102Folio no: 610
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventoryWages20X4May 31BankCP1Folio no: 740259Rates20X4May 31Accounts payablePJ1Folio no: 760890(d)T HarrisonTrial Balance as at 31 May 20X4Dr16 8424595 846908 380InventoryAccounts receivable – B ButlerBankGST paidPlant & equipmentAccounts payable – F FerrisAccounts payable – P Penton LtdAccounts payable – Great Lakes CouncilAccounts payable – J JackmanGST collectedCapitalDrawingsSalesDiscount receivedCost of goods soldDiscount allowedWagesRatesCr6809989040725530 12623840204884025989033 31733 317Solution 6.9(a)20X7Oct 131Nov 1CapitalAccounts payableBankGJ1PJ1CP1Balanceb/dGeneral Ledger of R DonaldInventory20X714 730 Oct 31 Cost of goods sold1 390Cost of goods sold840Balance16 96013 930Accounts Receivable – G Mason20X7Oct 1Capital20X7Oct 1CapitalNov 1BalanceGJ1SalesAccounts Receivable – M Gregg20X7GJ1840 Oct 17 Sales – return3 Bank31 Balance840b/d47820X7Oct 5SalesNov 1BalanceSJ1SJ1CR1c/d6602 37013 93016 960Folio no: 115.1440Accounts Receivable – W Wilson20X7Oct 5Folio no: 110Folio no: 115.2SJ1CR1c/d22340478840Folio no: 115.3352Accounts Receivable – T Thomas20X7SJ1561 Oct 27 Bank31 Balance561b/d311103Folio no: 115.4CR1c/d250311561
Solutions to Accounting – A Practical Approach20X7Oct 5SalesAccounts Receivable – J Anderson20X7SJ1110 Oct 25 BankAccounts Receivable – P Crisp20X7Oct 5SalesSJ1Office furnitureSJ120X7Oct 131CapitalReceiptsGJ1CR1Nov 1Balanceb/dCapitalAccounts payableBankFolio no: 115.6Folio no: 115.7Bank20X715 360 Oct 315 02320 38315 079Folio no: 125PaymentsBalanceGJ1PJ1CP1CP1c/dFreeman Motors1 3951 6393413 375PJ115 000Office Furniture20X71 560 Oct 52 0003 5602 56020X7Oct 116CapitalBankGJ1CP1Nov 1Balanceb/d20X7Oct 14BankCP1Folio no: 225Folio no: 230Accounts receivableBalanceAccounts Payable – J Jay20X7230 Oct 1 CapitalAccounts Payable – F Franks20X7Oct 1 CapitalAccounts Payable – B Jackson20X7Oct 8InventoryAccounts Payable – F Kennard20X7Oct 8Inventory20X7Oct 1727Inventory allowanceBank5 30415 07920 383Folio no: 135Motor Vehicle20X7Oct 231101 100GST Paid20X7Oct 131CR1209Accounts Receivable – S Meale20X7Oct 5Folio no: 115.5Accounts Payable – B Burton20X7PJ133 Oct 13 InventoryCP1803836Accounts Payable – G George20X7Oct 13 Inventory104SJ1c/d1 0002 5603 560Folio no: 305.1GJ1230Folio no: 305.2GJ1365Folio no: 305.3PJ1220Folio no: 305.4PJ1187Folio no: 305.5PJ1836836Folio no: 305.6PJ166
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual InventoryAccounts Payable – P Wilson20X7Oct 13 InventoryAccounts Payable – Freeman Motors20X7Oct 23 Motor vehicleGST Collected20X7Oct 31Capital20X7Oct 1Accounts receivableBankCost of Goods ankCP1BankCP1Assets & LiabilitiesBankCP1BankCP133 730Folio no: 505Accounts receivableBankSJ1CR11 1003 9505 050Folio no: 525CP110Folio no: 600Folio no: 610Folio no: 710Folio no: 740Folio no: 745Folio no: 755Folio no: 76780Bank Charges20X7Oct 31GJ1100Cleaning20X7Oct 31210393603250Telephone20X7Oct 31SJ1CR1500Rent20X7Oct 3116 500150Wages20X7Oct 31PJ120Advertising20X7Oct 31Folio no: 305.86602 3703 030Discount Allowed20X7Oct 31253Folio no: 455Discount Received20X7Oct 31 Bank20X7Oct 31PJ1Folio no: 315Sales20X7Oct 31Folio no: 305.720105Folio no: 792
Solutions to Accounting – A Practical Approach(b)R DonaldTrial Balance as at 31 October 20X7Dr13 9304404783523112091 10015 0793 37515 0002 560InventoryAccounts receivable – G MasonAccounts receivable – M GreggAccounts receivable – W WilsonAccounts receivable – T ThomasAccounts receivable – P CrispAccounts receivable – S MealeBankGST CollectedMotor vehiclesOffice furnitureAccounts payable – F FranksAccounts payable – B JacksonAccounts payable – F KennardAccounts payable – G GeorgeAccounts payable – P WilsonAccounts payable – Freeman MotorsGST collectedCapital – R DonaldSalesDiscount receivedCost of goods soldDiscount allowedAdvertisingWagesRentTelephoneCleaningBank ChargesCr3652201876625316 50060333 7305 050103 03020150500250100802056 98410656 984
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual Inventory6.10 (a)General Journal of A DedersonDate20X3Sep 1ParticularsFolioPlant & machineryMotor vehiclesInventoryAccounts receivable – H EsbawnAccounts receivable – P KIlbyAccounts receivable – W EttonGST paidBank overdraft215225110115.1115.2115.3135310Accounts payable – W FagnallAccounts payable – G KarveyAccounts payable – L HynnGST CollectedLoan305.1305.2305.3315410Capital455Assets and liabilities introduced at commencement of businessBad debtsGST collectedAccounts receivable – P KilbyBad debts written offLate fee expenseGST paidAccounts payable – G KarveyLate fee charged on overdue account58Debit 54 00056 00038 40012 8006 4001 692600GJ1Credit 106001 3662 4062 8184 00020 000128702787315115.24 660466797135305.2120125 126132(b)Sales Journal of A DedersonDate20X3Sep 379Cost ofGoodsSoldDetails1 420W Etton(80)SJ1AccountsGSTMotor CollecteReceivablFolioeSales Vehicled 115.32 8602260600115.3(176) (160)(16)115.430 80028 2 80000033 484228 3 044440000(505)(225)(315)W Etton – returnsO Lakes1 340(600)(110)Date20X3Sep 31216DetailsS WafireM DillsS Wafire – returnsDate Particulars20X3Sep 6 Wages12 M DillsPurchases Journal of A DedersonAccountsFolioPayable Inventory 305.43 2562 960305.542 680305.4(264)(240)45 6722 720(110)Cash Payments Journal of A DedersonAccounts DiscountFolio BankPayable Received 1 380305.54 8004 800107PJ1MotorVehicle 38 80038 800(225)Wages 1 380GSTPaid 2963 880(24)4 152(135)CPJ1GSTPaid
Solutions to Accounting – A Practical Approach1421Date20X3Sep5132329G KarveyW FagnallP Kilby305.2305.18001 3228 302(125)8001 3666 966(40)(40)(525)Cash Receipts Journal of A DedersonAccountsReceivaParticularsFolioBankble 115.21 2741 274H EsbawnW EttonW Etton – dishonoured cheque115.1115.3115.312 5364 376(4 376)13 810(125)12 8004 376(4 376)14 0741 380(740)(4)(4)(135)CRJ1DiscountAllowed GSTCollected tory20X3CapitalGJ1Accounts payablePJ1Balance b/d38 Sep 30 Cost of goods sold4002 720Balance c/d4112039780108Folio 110SJ11 3403978041120
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpetual Inventory20X3Sep120X3Sep120X3Sep130Oct1Accounts Receivable – H Esbawn20X3CapitalGJ11280030BankAccounts Receivable – P Kilby20X3CapitalGJ16 400GJ11 692SalesBank (dishonour)SJ1CR12 8604 3768 9284 376Balance b/d20X3Sep1830Oct1Motor VehicleSJ1Folio 115.2GJ1GJ1Accounts receivable – G KarveyGJ1InventoryPJ1Balance b/dSep530Sales ReturnedSJ1176BankBalance c/dCR14 3764 3768 92812746 400Folio 115.3Folio 115.430800600Sep5Folio ts payablePJ1Balance b/d20X3Sep 30 Receipts4 1524 7644 760Balance c/d4 7604 764Balance c/dFolio 21554 000Motor Vehicles20X3Folio 22556 Sep 30 Accounts receivable00038Balance c/d8009480066800SJ1Bank Overdraft20X3CR1412Plant & Machinery20X3Sep15 126CR1GST Paid20X3Capital12800Bad debtsAccounts Receivable – O Lakes20X3Sep9CR1Sep530Bank6 400Accounts Receivable – W Etton20X3CapitalFolio 115.1138105 09218Sep130109280006680094800Folio 310CapitalGJ1PaymentsCP1106008 30218
Solutions to Accounting – A Practical Approach90220X3Sep 30 Bank20X3Sep 30 BankCP1Sep Capital1Accounts Payable – G Karvey20X3CP1Balance c/d20X3Sep16 Purchases (returned)Balance c/d20X3Sep 30 Bank9025 092OctBalance b/d1Accounts Payable – W Fagnall20X31 3668001 7382 5382642 9923 256Balance c/dFolio 305.2GJ12 406Late fee expenseGJ1Oct1Balance b/d1322 5381 738Sep 34 800PurchasesSep12PurchasesFolio 305.3GJ12 818Folio 305.4PJ1PJ142 6803788042 680Oct1GST Collected20X3Accounts receivable – P KIlbyGJ1BankCR1Balance c/d3 2563 2562 992Folio 305.54268020X3Sep5301 366CapitalOct 1 Balance b/dAccounts Payable – M Dills20X3CP1GJ1Sep18Accounts Payable – L Hynn20X3Sep 1 CapitalAccounts Payable – S Wafire20X3PJ1Folio 305.1466Sep 1246 5547 04430Oct 1Balance b/d37 880Folio 315CapitalGJ14 000Accounts receivableSJ13 0447 0446 554Folio 410Balance b/dLoan20X3Sep 1Capital20X3Sep 1Sales20X3Sep 30Discount Received20X3Sep 30Cost of Goods Sold110Capital20 000Folio 455Assets and liabilitiesGJ1128702Folio 505Accounts receivableSJ12 440Folio 525BankCP140Folio 600
Chapter 6: Accounting to Trial Balance – Cash and Credit Journals using Perpe
ACCOUNTING TO TRIAL BALANCE – CASH AND CREDIT JOURNALS USING PERPETUAL INVENTORY . Solution 6.1 (a) General Journal of A Webb Folio no: GJ1 . Date Particulars Folio Debit Credit . 20X6 July 1 Inventory 110 25 000 Capital 455 25 000 Asset introduced at commencement (b) Sales Journal of A Webb Folio no: SJ1 .
Part One: Heir of Ash Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 Chapter 21 Chapter 22 Chapter 23 Chapter 24 Chapter 25 Chapter 26 Chapter 27 Chapter 28 Chapter 29 Chapter 30 .
TO KILL A MOCKINGBIRD. Contents Dedication Epigraph Part One Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Part Two Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18. Chapter 19 Chapter 20 Chapter 21 Chapter 22 Chapter 23 Chapter 24 Chapter 25 Chapter 26
FINANCIAL ACCOUNTING : MEANING, NATURE AND ROLE OF ACCOUNTING STRUCTURE 1.0 Objective 1.1 Introduction 1.2 Origin and Growth of Accounting 1.3 Meaning of Accounting 1.4 Distinction between Book-Keeping and Accounting 1.5 Distinction between Accounting and Accountancy 1.6 Nature of Accounting 1.7 Objectives of Accounting 1.8 Users of Accounting Information 1.9 Branches of Accounting 1.10 Role .
DEDICATION PART ONE Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 PART TWO Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 Chapter 21 Chapter 22 Chapter 23 .
Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 . Within was a room as familiar to her as her home back in Oparium. A large desk was situated i
About the husband’s secret. Dedication Epigraph Pandora Monday Chapter One Chapter Two Chapter Three Chapter Four Chapter Five Tuesday Chapter Six Chapter Seven. Chapter Eight Chapter Nine Chapter Ten Chapter Eleven Chapter Twelve Chapter Thirteen Chapter Fourteen Chapter Fifteen Chapter Sixteen Chapter Seventeen Chapter Eighteen
18.4 35 18.5 35 I Solutions to Applying the Concepts Questions II Answers to End-of-chapter Conceptual Questions Chapter 1 37 Chapter 2 38 Chapter 3 39 Chapter 4 40 Chapter 5 43 Chapter 6 45 Chapter 7 46 Chapter 8 47 Chapter 9 50 Chapter 10 52 Chapter 11 55 Chapter 12 56 Chapter 13 57 Chapter 14 61 Chapter 15 62 Chapter 16 63 Chapter 17 65 .
HUNTER. Special thanks to Kate Cary. Contents Cover Title Page Prologue Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter 12 Chapter 13 Chapter 14 Chapter 15 Chapter 16 Chapter 17 Chapter
