Module 6: Trading Organisation: Subsidiary Journals and Posting to the General Ledger Activity 6.1


You are the bookkeeper of Walco Traders who completed and sorted all the source documents for the month of February 20.1. Walco Traders sells cars.


Required Use all your information and record the transactions into the Cash Receipts Journal. Total the columns in the CRJ.


Transactions – February 20.1 01 The owner, Kabelo Walco, gave a cheque of R70 000 as additional capital contribution. Receipt no. 3 was issued to him.


05 Cash sales according to cash register roll R25 000. 06 Received R2 900 from a tenant N Willemse for rent. Issued receipt no. 4 07 Received R100 000 electronically from AB Bank for a loan made to develop a new car. Receipt no. 5 was issued.


10 Cash sales according to cash register R40 000. Activity 6.2


The following transactions must be recorded in the Cash Receipts Journal of Stormers Traders. Stormers Traders uses the periodic inventory system.


Required Total the columns in the CRJ.


Transactions April 20.1 11 Received a cheque from Dixy Bank for the fixed deposit of R50 000 that matured, issued receipt 13.


16 Issued receipt 14 for R5 000 received from a tenant, S Burger, for rent of a house. 19 The bank statement received from Dixy Bank showed interest credited by the bank on the favourable balance on the current account, R85.


20 Received a cheque for R900 from B Habana, a debtor. Issued receipt 15. 25 Received a donation from R1 000 from Cheetahs Traders to help with the loss of damaged goods due to a water pipe burst. Issued receipt 16.


Activity 6.3


C Karelse is the owner of Ralaks Traders. Required


Use the information below to enter the transactions in the Cash Receipts Journal. Close off the journals on 30 September 20.1 and post to the General Ledger.


Source documents for September 20.1 Cash register totals:


Day Document Number


6 CRR1 15 CRR2 29 CRR3


Transaction Amount R


Cash sales Cash sales Cash sales


c


840 00 1 450 00 5 236 00


75


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