Module 5: Accounting entries of a trading concern and trial balance Activity 5.2


Open the required accounts in the General Ledger in your workbook of Walco Car Dealership for April.


Day Document Number


1 Cheque 221 Transaction To Telkom for the telephone account.


Receipt no. 3 The owner, Kabelo Walco, gave a cheque as additional capital contribution. Receipt no. 3 was issued to him.


Receipt no. 4 Received electronically from AB Bank for a loan made to develop a new car. Receipt no. 4 was issued


5 Cheque 222 To The Advertiser for advertisement. 15 Receipt no. 5 Sold a car cash Cheque 223


Cash to pay wages.


Receipt no. 6 Received from a tenant N Willemse for rent. Issued receipt no. 5 23 Cheque 224 To Vawdas Suppliers for the purchase of inventory. 30 Cheque 225


To Homesure Properties for the rent of the building. Cheque 226 Owner for private use.


Amount R


c 200 00 70 000 00


100 000 00 250 00


25 000 00 1 500 00 2 900 00 32 400 00 1 500 00 800 00


Activity 5.3


Instruction Open the required accounts in the General Ledger in your workbook.


Transactions: April 20.1 1 The owner gave a cheque of R70 000 as additional capital contribution. Receipt no. 3 was issued to him.


5 Sold goods cash for R8 500 and received the cash. 6 Received R2 900 from a tenant for rent. Issued receipt no. 4. 8 Bought from B Builder equipment, which cost R7 750. 9 Bought trading inventory from Makro and paid per cheque R5 000. 11 Received R15 000 for a short-term loan from L Shark. 14 Paid R660 for the telephone account. 16 Paid the salaries to Ivan by cheque R306. 18 Paid the interest on loan to Standard Bank R450.


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