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


Example to complete a Cash Payment Journal of Wendy Traders for July 20.1 • Record the transactions below in the Cash Payments Journal of Wendy Traders for June 20.1.


Transactions: July 20.1 01 Issued a cheque 03 in favour of Standard Bank for the payment of the loan of R20 000. 02 Paid rent to Gino for office space R3 990 cheque 04. 15 Paid for goods purchased with a cash cheque 05 R1 500. 27 Pay the Municipality for water and electricity R1 254 and issued cheque 06. 28 Paid Charl Suppliers for goods purchased cheque 07 R2 000. 30 Received the bank statement with the following: bank charges R513; Interest on overdraft R225.


CASH PAYMENTS JOURNAL OF WENDY TRADERS FOR JULY 20.1 Day Payee/Details Bank


Doc. No.


03 04


1 2


Standard Bank Gino


05 15 Cash


06 27 Municipality 07


28 Charl Supplier B/S 30 Standard Bank


20 000 3 990 1 500 1 254 2 000 738


29 482 B1


Purchases Trade


and other payables


Sundry accounts Amount Fol. Details


20 000 N4 Loan repayment 3 990 N5 Rent expense


1 500 1 254 N6 Water and Electricity 2 000


513 N7 Bank charges 225 N8 Interest on overdraft


1 500 N3 2 000 B3 6.2.1 Posting from the Cash Payments Journal to the General Ledger


From the journal, the entries must now be posted to the General Ledger. Instead of posting individual transactions, the totals must be posted at the end of the month if posting from a special column.


Individual amounts must be posted when posting from the Sundry Accounts column.


General Ledger of Wendy Traders for 31 July 20.1 Balance Sheet accounts section


DR Date Details Bank Fol. Amount Date


20.1 July


DR Date Details


20.1 July 31 Total payments


Details 31 Total payments Fol. Amount


Trade and Other Receivables Date


2 000 00 B3 Details Fol. Amount B1 CR Fol. Amount 29 482 CR 25 982


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