Activity 2 Use the information in the sum following General Ledger acco systems
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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General ledger accounts
Transcribed Image Text:that you don't have a Cost ol Sales ucto
Activity 2
Use the information in the summaries of the journals to post to the
following General Ledger accounts of Dudu Traders for April 20.1. The
ry systems
Transcribed Image Text:the accounts at the end of the month.
Totals of the subsidiary journals for April 20.1:
balances are in brackets next to each account. Balance/total
opening
Debtors control (R5 200)
Creditors control (R15 450)
Purchases (R31 200)
Sales (R42 500)
Debtors Journal (DJ4)
Debtors Allowances Journal (DAJ4)
R25 000
Debtors allowances
Sales
Creditors Journal (CJ4)
R2 400
Creditors Allowances Journal (CAJ4)
Creditors control
R40 000
Creditors control
Purchases
R29 450
Purchases
R4 100
R2 800
Equipment
Packing materials
R8 000
Equipment
Packing materials
Sundry accounts
R800
R1 750
R350
Sundry accounts
Cash Receipts Journal (CRJ4)
R800
R150
Cash Payments Journal (CPJ4)
Bank
R25 000
Bank
R24 200
Sales
R8 000
Purchases
R7 600
Debtors control
Discount allowed
Sundry accounts
R14 300
Creditors control
R10 700
R300
Discount received
R700
R3 000
Wages
R6 000
Debtors control
R450
Sundry accounts
R150
eneral Journal (GJ4)
-btors control (Dr.)
editors control (Dr.)
R250
Debtors control (Cr.)
R100
R210
Creditors control (Cr.)
R270
lear-end procedure using the periodic stock system
end of the accounting period, the business has to report a profit or
otion of the General Ledger. The
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