Module 6: Trading Organisation: Subsidiary Journals and Posting to the General Ledger


Activity 6.17 The following transactions occur in the books of Violett's Florist during September 20.1.


Required Enter the transactions in the Cash Book and Petty Cash Journal; don’t close it off at the end of the month.


Additional information On 1 September 20.1 the owner, Violett Vincent appointed a petty cashier to deal with their petty cash payments. It was decided to work according to the imprest system. Money is deposited on 7, 12, 17 and 30 September 20.1.


Transactions 1 The bank account shows a debit balance of R115 800 on 1 September 20.1. Withdraw R600 by cheque 335. This was given to the petty cashier as an advance.


2 Buy a delivery vehicle from Verna Motors and pay R30 000 by cheque no. 336. 3 Buy pens and pencils from Ulande, R50. Petty cash voucher 001 is issued. 5 Receive from Ben Hector R4 700 for commission on the sales of their products. Receipt 657 is issued.


7 Cash sales according to the total of the cash register slip R34 350. 8 Send a parcel by mail and pay R60. Petty cash voucher 002 is issued. 9 Buy inventory from Angela’s and pay R25 830 by cheque no. 337. 12 Cash sales according to the total of the cash register slip R22 470. Pay Reynold Furniture by cheque no. 338 for the following: 2 Office desks at R4 500 each 5 Chairs at R850 each 1 Cabinet at R5 200


14 Give a donation to Melvin Gray R600. Petty cash voucher 003 is issued. 15 Buy stamps, R55. Petty cash voucher 004 is issued. Cash sales according to the total of the cash register slip R32 000.


17 The owner gives a cheque of R100 000 to increase his capital. Receipt 658 is issued. 18 Receive trading inventory for R41 650 from Vincent Pty Ltd and pay by cheque no. 339. 20 Violett Vincent pays R750 with a cheque from the business (no. 340) to Telkom for his private telephone account. Buy merchandise for R380 at an auction. Petty cash voucher 005 is issued.


22 Receive a cheque of R1 250 from Carlo in settlement of his account to date. Receipt 659 is issued.


23 Pay The Argus by cheque no. 341 for advertising material printed, R7 200. 24 The petty cashier receives cheque no. 342 from the chief cashier, R600. 25 Pay R75 to Swan Dry Cleaners for Violett Vincent's suits. Petty cash voucher 006 is issued. 27 Pay Charls Accountants R2 600 by cheque no. 343 for accounting services rendered. 28 Buy window cleaner, to clean the windows, R60. Petty cash voucher 007 is issued. 29 Issue cheque no. 344 to CCS Alarms in partial payment of our account, R700. Buy soft drinks for the client’s kids, R55. Petty cash voucher 008 is issued.


30 Cash sales according to the total of the cash register slip, R31 600. Draw cheque no. 345 to pay wages, R7 500.


31 Draw cheque no. 346 in favour of V Gray, to pay her salary for September, R6 800.


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