Question 3The accountant of Hanoi Traders completed the subsidiary journals for the entity. Extractsfrom the subsidiary journals of Hanoi Traders for March 2022 are as follows:Creditors Journal - March 2022Creditors controlTrading stockDebtors Journal - March 2022SalesCost of salesR36 000R96 350R89 000Cash Receipts Journal - March 2022BankSalesDebtors controlCost of salesOtherBalances as at 1 March 2022BankDebtors controlR45 000 Debtors allowancesCost of sales??R56 250R23 815R45 000R128 640Creditors Allowances Journal - March 2022Creditors controlR3 800R53 880R37 539Trading stockR3 000Debtors Allowances Journal - March 20226 2004 960Cash Payments Journal - March 2022BankTrading stockCreditors controlBalance as at 1 March 2022Creditors controlR168 259R65 400R36 000R48 951Required:Post the above journals to the following General Ledger accounts and balance the accounts:3.1. Bank account3.2.Debtors control account3.3.Creditors control account

Bank A/c = R53,880 Debtors Control A/c = R37,539 Creditors Control A/c = R48,951

The accountant of Hanoi Traders completed the subsidiary journals for the entity. Extracts from the subsidiary journals of Hanoi Traders for March 2022 are as follows: Creditors Journal - March 2022 Creditors control Trading stock Debtors Journal - March 2022 Sales Cost of sales R36 000 R96 350 R89 000 Creditors Allowances Journal - March 2022 Creditors control R3 800 Trading stock R3 000 Debtors Allowances Journal - March 2022 6 200 R45 000 Debtors allowances Cost of sales 4 960

The accountant of Hanoi Traders completed the subsidiary journals for the entity. Extracts from the subsidiary journals of Hanoi Traders for March 2022 are as follows: Creditors Journal - March 2022 Creditors control Trading stock Debtors Journal - March 2022 Sales Cost of sales R36 000 R96 350 R89 000 Creditors Allowances Journal - March 2022 Creditors control R3 800 Trading stock R3 000 Debtors Allowances Journal - March 2022 6 200 R45 000 Debtors allowances Cost of sales 4 960

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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