The following totals appear in the accounting records of Wallis Enterprises for March 2023: Cash Receipts Journal Cash sales Debtors control Bank Cash Payments Journal Creditors control Purchases R103 409 R71 047 R217 443 R97 347 R87 741 R174 941 Bank Balances as at 1 March 2023 Bank Debtors control R79 248 Creditors control R72 142 Total credit sales as per Debtors Journal R144 778 3.1. Bank 3.2. Debtors control 3.3. Creditors control R74 340 Total credit purchases as per Creditors Journal R118 748 Required: Post the transactions for March 2023 to the following ledger accounts and then balance these accounts:
The following totals appear in the accounting records of Wallis Enterprises for March 2023: Cash Receipts Journal Cash sales Debtors control Bank Cash Payments Journal Creditors control Purchases R103 409 R71 047 R217 443 R97 347 R87 741 R174 941 Bank Balances as at 1 March 2023 Bank Debtors control R79 248 Creditors control R72 142 Total credit sales as per Debtors Journal R144 778 3.1. Bank 3.2. Debtors control 3.3. Creditors control R74 340 Total credit purchases as per Creditors Journal R118 748 Required: Post the transactions for March 2023 to the following ledger accounts and then balance these accounts:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following totals appear in the
accounting records of Wallis Enterprises for
March 2023:
Cash Receipts Journal
Cash sales
Debtors control
Bank
Cash Payments Journal
Creditors control
Purchases
Bank
Balances as at 1 March 2023
Bank
Debtors control
R79 248
Creditors control
R72 142
Total credit sales as per Debtors Journal
R144 778
R103 409
R71 047
R217 443
3.1. Bank
3.2. Debtors control
3.3. Creditors control
R97 347
R87 741
R174 941
R74 340
Total credit purchases as per Creditors
Journal R118 748
Required:
Post the transactions for March 2023 to the
following ledger accounts and then
balance these accounts:
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