Sunday, 3 November 2019

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

Look at the transactions. They represent an organisation’s trading activities for March 20XX. Date - Description - Amount - Account 4/3/XX Filled car with fuel—paid cash 32.80 - Motor vehicle expenses
5/3/XX Cash sale - 156.99 - Sales
6/3/XX Invoice sale (R Smith) -1,999.00 - Accounts Receivable
6/3/XX Cash sale - 1,899.00 - Sales
6/3/XX Copy paper—paid cash - 11.50 - Stationery
11/3/XX Filled car with fuel—paid cash -28.50 - Motor vehicle expenses
11/3/XX Cash sale - 1,275.00 - Sales
13/3/XX Copy paper—paid cash - 11.50 - Stationery
13/3/XX Invoice sale (W Jones) - 3,450.00 - Accounts Receivable
17/3/XX - Filled car with fuel—paid cash - 31.75 - Motor vehicle expenses
19/3/XX - Cash sale - 64.99 -Sales
20/3/XX - Rent—paid cash -350.00 -Rent
25/3/XX -Filled car with fuel—paid cash -18.25 -Motor vehicle expenses
26/3/XX Cash sale- 1,999.00 -Sales
28/3/XX Interest received - 1.89 -Interest
28/3/XX - Payment received for invoice sale - 3,450.00 -Accounts Receivable
2) Prepare the general ledger entries using the worksheet.
3) Prepare a debtors ledger
4) Prepare the trade debtors schedule
5) Prepare a trial balance for the accounts

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