The June transactions above have been journalised and posted. Cash at bank No. 1
ID: 2491128 • Letter: T
Question
The June transactions above have been journalised and posted.
Cash at bank
No. 100
Date
Details
Debit
Date
Details
Credit
June
1
Capital
27,400
June
1
Shop equipment (cost)
3,060
6
Sales income
402
2
Prepaid insurance
3,624
16
Accounts receivable
5,738
3
Rent
1,880
21
Sales income
786
14
Accounts payable
5,100
29
Accounts receivable
12,180
17
Accounts payable
9,360
24
Wages
469
27
Drawings
930
30
Bank loan
1,060
Accounts receivable
No. 110
Date
Details
Debit
Date
Details
Credit
June
8
Sales income
6,040
June
16
Cash at bank
5,738
15
Sales income
7,291
16
Discount allowed
302
20
Sales income
12,180
22
Sales returns and allowances
460
30
Sales income
5,470
29
Cash at bank
12,180
Inventory
No. 120
Date
Details
Debit
Date
Details
Credit
June
2
Accounts payable
17,582
June
6
Cost of sales
175
10
Accounts payable
10,400
7
Accounts payable
150
22
Cost of sales
205
8
Cost of sales
2,806
28
Accounts payable
10,880
15
Cost of sales
3,190
20
Cost of sales
6,420
21
Cost of sales
290
30
Cost of sales
2,020
Prepaid insurance
No. 130
Date
Details
Debit
Date
Details
Credit
June
2
Cash at bank
3,624
June
Shop equipment (cost)
No. 171
Date
Details
Debit
Date
Details
Credit
June
1
Bank loan
39,360
June
1
Cash at bank
3,060
Accounts payable
No. 200
Date
Details
Debit
Date
Details
Credit
June
7
Inventory
150
June
2
Inventory
17,582
14
Cash at bank
5,100
10
Inventory
10,400
17
Cash at bank
9,360
28
Inventory
10,880
17
Discount received
1,040
PAYG withholding payable
No. 220
Date
Details
Debit
Date
Details
Credit
June
June
24
Wages
41
Bank loan
No. 230
Date
Details
Debit
Date
Details
Credit
June
30
Cash at bank
1,060
June
1
Shop equipment (cost)
39,360
Capital
No. 300
Date
Details
Debit
Date
Details
Credit
June
June
1
Cash at bank
27,400
Drawings
No. 310
Date
Details
Debit
Date
Details
Credit
June
27
Cash at bank
930
June
Sales income
No. 400
Date
Details
Debit
Date
Details
Credit
June
June
6
Cash at bank
402
8
Accounts receivable
6,040
15
Accounts receivable
7,291
20
Accounts receivable
12,180
21
Cash at bank
786
30
Accounts receivable
5,470
Sales returns and allowances
No. 410
Date
Details
Debit
Date
Details
Credit
June
22
Accounts receivable
460
June
Discount received
No. 420
Date
Details
Debit
Date
Details
Credit
June
June
17
Accounts payable
1,040
Cost of sales
No. 500
Date
Details
Debit
Date
Details
Credit
June
6
Inventory
175
June
22
Inventory
205
8
Inventory
2,806
15
Inventory
3,190
20
Inventory
6,420
21
Inventory
290
30
Inventory
2,020
Discount allowed
No. 610
Date
Details
Debit
Date
Details
Credit
June
16
Accounts receivable
302
June
Rent
No. 640
Date
Details
Debit
Date
Details
Credit
June
3
Cash at bank
1,880
June
Wages
No. 650
Date
Details
Debit
Date
Details
Credit
June
24
Cash at bank
469
June
24
PAYG withholding payable
41
Prepare a trial balance as at 30 June and schedules of accounts receivable and accounts payable.
Cash at bank
No. 100
Date
Details
Debit
Date
Details
Credit
June
1
Capital
27,400
June
1
Shop equipment (cost)
3,060
6
Sales income
402
2
Prepaid insurance
3,624
16
Accounts receivable
5,738
3
Rent
1,880
21
Sales income
786
14
Accounts payable
5,100
29
Accounts receivable
12,180
17
Accounts payable
9,360
24
Wages
469
27
Drawings
930
30
Bank loan
1,060
Explanation / Answer
Trail balance - June '16 S.No Particulars Debit Credit 1 Cash / Bank 21023 2 Account receivables 12301 3 Inventory 24016 4 Prepaid insurance 3624 5 Shop equipment 42420 6 Accounts payables 23212 7 PAYG withholding 41 8 Bank Loan 38300 9 Capital 27400 10 Drawings 930 11 Sales 32169 12 Sales Return / Allowances 460 13 Discount Received 1040 14 Cost of sales 14696 15 Discount allowed 302 16 Rent 1880 17 Wages 510 122162 122162 Account recieviable Date particulars Debit Date particulars Credit 8-Jun Sales income 6040 16-Jun cash at bank 5738 15-Jun Sales income 7291 16-Jun Discount allowed 302 20-Jun Sales income 12180 22-Jun Sales retun and allowances 460 30-Jun Sales income 5470 29-Jun cash at bank 12180 30-Jun Balance c/f 12301 1-Jul Balance b / d 12301 Account payable Date particulars Debit Date particulars Credit 7-Jun Inventory 150 2-Jun Inventory 17582 14-Jun Cash at bank 5100 10-Jun Inventory 10400 17-Jun Cash at bank 9360 28-Jun Inventory 10880 17-Jun Dicsount received 1040 30-Jun Balance c/f 23212 1-Jul Balance b / d 23212
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