Question

The June transactions above have been journalised andposted.

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 accountsreceivable and accounts payable.