N4 Introductory Financial Accounting | Student Book
Activity 6.16 The following transactions occurred in the books of Vergo’s Sportwear during September 20.1.
Required Enter the transactions in the Cash Receipts-, Cash Payments- and Petty Cash Journals. Don’t close off the journals at the end of the month.
Additional information Money is deposited on 8, 14, 22 and 30 September 20.1.
Transactions September 20.1
1 Buy tennis racquets from Dunlop and pay R2 200 by cheque no. 711. 3 Cash sales according to the total of the cash register roll R29 500. 5 Buy toilet paper from Pick n Pay, R90. Petty cash voucher 80 is issued. 8 Received from Cash Loans R4 000 for interest on a fixed deposit. Receipt 621 is issued. 9 Buy a delivery vehicle from BMW and pay R170 000 by cheque 712. 11 Withdraw R700 by cheque no. 713. This will be used as a float. 12 Cash sales according to the total of the cash register roll R36 300. 13 Buy stamps and pay R30. Petty cash voucher 81 is issued. 14 The owner, Tyler Vergotine, gives a cheque of R70 000 to increase his capital. Receipt 622 is issued.
Send cheque no. 714 to Laeeqah as partial payment of our account, R14 200.
15 Draw a cash cheque no. 715 to pay wages, R18 000. 16 Buy books from CNA, R40. Petty cash voucher 82 is issued. 17 Pay Shiloh R45 000 by cheque no. 716 for a new telephone system. 18 Cash sales according to the total of the cash register roll, R40 800. 19 Receive a cheque of R1 800 from Micah Clarke in settlement of her account to date. Receipt 623 is issued.
20 Donate R500 to Hospice. Petty cash voucher 83 is issued. 21 Pay the owner’s personal telephone account to Cell C by cheque no. 717, R600. 22 Cash sales according to the total of the cash register roll, R50 200. 23 Pay PG Glass R3 900 for the replacement of delivery vehicle’s windscreen by cheque no. 718.
24 Pay Gino Cleaners R400 for the cleaning of the carpets. Petty cash voucher 84 is issued. Buy cricket bats for R32 800 from Caren-Lee and pay by cheque no. 719.
26 Receive R4 500 from Liam Estate for commission on products sold. Receipt 624 is issued. 27 Issue cheque no. 720 to OUTsurance in payment of our insurance, R5 000. 28 Buy magazines for reception, R150. Petty cash voucher 85 is issued. 29 Receive R7 100 from Skyler Petersen for the renting of sport equipment. Receipt 625 is issued. Pay Telkom by cheque no. 721, R2 300.
30 Buy fuel for Tyler Vergotine’s car, R200. Petty cash voucher 86 is issued. Cash sales according to the total of the cash register roll, R35 200.
100
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