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TRANSACTIONS FOR MAY 2015

1 A Rosenberg increased his capital contribution to R180 000. He received a receipt from the bookkeeper. Received R1 200 from Duzi Properties for the rent of one of the offices in the building.

2 Paid Chowan for trading stock, R6 600 and for stationery, R53.

3 Sold goods on credit to L May R894,60.

4 Received invoice no 708 from C Beku for goods purchased on credit, R650.

8 Credit sales of goods: S Fontana R1 429,20 L May R934,20

9 Cashed a cheque for fortnightly wages, R2 650.

10 L May settled her account to date. Received R5 525 from M Solomon in payment of his account. 12 Bought goods on credit from A Botha for R1 800.

12 ECONOMIC AND MANAGEMENT SCIENCES (EC/NOVEMBER 2016) Copyright reserved Please turn over 14 Cash sales of goods with a cost price of R1 340 (CRR). Received a cheque of R1 500 on the account of S Fontana.

22 Credit Sales of goods with a cost price of R860 to M Solomon.

23 Paid the business debt of R2 660 to C Beku.

26 Bought the following on credit from A Botha: Trading Stock R1 334 Packing material R932

28 The owner paid his home insurance of R320 with a business cheque to Solo Insurers.

31 Wrote a cheque to the City Council to pay the water and electricity account, R356; as well as the owner’s personal water and electricity account, R652.

 

Using information above, may you post the relevant transactions to Debtors Journal with analysis columns for Sales and Cost of sales. Last invoice issued no. 92.

in Accounting by Diamond (42,256 points)
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Transactions posted to Debtors Journal with analysis columns for Sales and Cost of sales. Last invoice issued no. 92.

by Diamond (42,256 points)

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