General Journal opening entry

Date Details folio Debit Credit

2019
Jan 1 Building $1,230,000.00
Fixture and fittings $65,000.00
computer equipment $98,000.00
Cash at bank $158,000.00
Loan -JN Bank $300,000.00
Accounts Payable:
B. Brown $38,000.00
C. Reid $2,000.00
H. Caine $1,680.00
Accounts recieviables:
S. Derik $3,680.00
D. Snowball $29,000.00
R.Clarke $19,350.00
Cash CB3 $25,700.00
Petty cash in hand $500.00
Inventory $45,000.00
Capital $1,332,550.00
Total $1,674,230.00 $1,674,230.00
OK

remember the other uses of the general journal

General Journal
Date Details Folio Debit
2019
Jan 3 Motor van Gl $101,000.00
Toyota Jamaica GL

Jan 16 Sewing Equipment GL $3,200.00

Ford pack GL

TOTAL $104,200.00
Remember that these occurred on different dates. Where are the credit entries?
 General Ledger
Building a/c
Date Details Folio Amount
Jan 1 balance b/d GJ 1,230,000.00
1,230,000.00

Fixtures and fittings a/c

Date Details Folio Amount
Jan 1 Balance b/d GJ 65,000.00
65,000.00

Computer Equipment a/c

Date Details Folio Amount
Jan 1 Balance b/d GJ 98000.00
98000

Rent
Date Details Folio Amount
Jan 31 Balance c/d 4,500
4,500.00
Credit

$101,000.00

Capital A/c

$3,200.00 Date Details Folio Amount

Jan 31 Balance b/d 1,332,550.00
$104,200.00 1,332,550.00
 Motor Van
Date Details Folio Amount
Jan 3 Toyota Jamaica Ltd Pl 101,000.00
101,000.00

Toyota Jamaica Ltd

Date Details Folio Amount
Jan 31 Balance c/d 101,000.00
101,000.00

Jn Loan A/c
Date Details Folio Amount
Jan 31 Balance c/d 30,000.00
30,000.00

Utilites a/c
Date Details Folio Amount
Jan 25 Bank GJ 9,801.00
9801

Ford pack a/c

Date Details Folio Amount
Jan 31 Balance c/d 32,000.00
32,000.00

Sewing Equipment A/c

Date Details Folio Amount
 Jan 16 Ford Pack GJ 32,000.00

Purchases A/c
Date Details Folio Amount

Jan 31 Credit Purchases for monthPJ 67,960.00

Sales A/c
Date Details Folio Amount
Jan 8 Cash CBA 3,500.00
Jan 9 Bank CBA 4,700.00
Jan 12 Cash CBA 5,000.00
Jan 19 Cash CBA 5,640.00
Jan 31 Balance c/d 51,686
70,526.25

Return In a/c
Date Details Folio Amount
Jan 31 Returns In for month RIJ 1000.00
1,000.00

Return out a/c

Date Details Folio Amount
Jan 27 Inlay supersave PL 7800.00
7,800.00
lding a/c
Date Details Folio Amount
Jan. 31 Balance c/d $1,230,000.00
1,230,000.00

and fittings a/c

Date Details Folio Amount
Jan. 31 Ballance c/d $ 65,000.00
65,000.00

Equipment a/c
Date Details Folio Amount
Jan. 31 Balance c/d $ 98,000.00
98000

Rent
Date Details Folio Amount
Jan. 28 cash GJ $ 4,500.00
4,500.00

pital A/c

Date Details Folio Amount

Jan. 1 Balance b/d GJ $1,332,550.00
$1,332,550.00
otor Van
Date Details Folio Amount
Jan. 31 Balance b/d $ 101,000.00
101,000.00

Jamaica Ltd
Date Details Folio Amount
Jan. 3 Motor Van GJ $ 101,000.00
101,000.00

Loan A/c
Date Details Folio Amount
Jan. 7 Bank GJ $ 30,000.00
30,000.00

lites a/c
Date Details Folio Amount
Jan. 31 Balance c/d $ 9,801.00
9801

d pack a/c
Date Details Folio Amount
Jan. 16 sewing equipment CBA $ 32,000.00
32,000.00

Equipment A/c
Date Details Folio Amount
 Jan. 31 Balance c/d $ 32,000.00

hases A/c
Date Details Folio Amount

ales A/c
Date Details Folio Amount
Jan. 31 Credit Sales for monthSJ $ 70,526.25

70.526.25
Feb 1 Balance B/D 51,686.00

urn In a/c
Date Details Folio Amount
Jan. 20 Mr tarzan PL $ 1,000.00
1,000.00

rn out a/c
Date Details Folio Amount
Jan. 31 Returns Out for month ROJ $ 7,800.00
7,800.00
 Cash book
Date Details Folio Discount allowed Cash
2019
Jan 1 Balance b/d GJ 25,700.00
Jan 8 Sales GL 3,500.00
Jan 9 Sales Gl
Jan 12 Sales Gl 5,000.00
Jan 19 Sales Gl 0.06 x 6000=360 5,640.00
Jan 22 D.Snowball SL 0.025
Jan 22 R. Clarke SL 0.025
Jan 7 Jn Bank Loan GL
Jan 28 Rent GL 4,500.00
Jan 30 Cash
Total 2,500.00

Petty Cash Book

Recipt Date Details note Total
500.00 Jan 1 Balance b/d
500.00 Jan 1 Cash
Jan 7 Cleaning #511 600.00
400.00 Jan 7 cash
Jan 12 Postage & staionary #512 80.00
Jan 23 Motor van- petrol #513 800.00
880.00 Jan 23 cash
Jan 21 Cleaning #514 600.00

Jan 31 Balance c/d 2080.00

200.00
2280.00 2280.00
200.00 Feb 1 Balance b/d
2080.00 Feb 1 Cash
 Cash book
Bank Date Details Folio Discount allowed Cash
2019
158,000.00 Jan 1 Petty Cash PCA 500
Jan 16 Ford pack GL
4,700.00 Jan 21 B.Brown PL
Jan 21 C.Reid PL 0.05 X 2000=100-2000=1900
Jan 25 Utilities GL
28,750.00 Jan 7 Petty cash PCA 400
18,866.25 Jan 23 Petty cash PCA 800
30,000.00 Jan 21 S.Disick SL

41,840.00
282,156.25 Total 1,700.00

Petty Cash Book

Motor expense Postage and staionary Cleaning Suandry

600.00

80.00
800.00

600.00

800.00 80.00 1200.00

Bank

3,200.00
38,000.00
1,900.00
9,801.00

3,680.00

56,581.00
 Purchases Journal
Date Details Invoice Folio amount
2019
Jan 8 Green merchant Ltd #13 PL 13,360.00
Jan 17 Inlay Supersave #15 PL 14,700.00
Jan 21 B.Brown #16 PL 38,000.00
Jan 21 C.Reid #17 PL 1900
Jan 31 Transffered to Purchases a/c GL 67,960.00
 Purchases Ledger

B.Brown a/c
Jan 21 Bank PJ 38,000.00 Jan. 1 balanca/bd
38,000.00

C.Reid
Date Details Folio Amount Date Details
Jan 21 Bank PJ 1,900.00 Jan. 1 balance b/d
Jan 31 Balance c/d 100
2,000.00
Feb 1 Balance b/d

H. Caine
Date Details Folio Amount Date Details
Jan 31 Balance c/d 1680 Jan. 1 balance b/d
1680

Green Merchants Ltd

Date Details Folio Amount Date Details
Jan 31 Balance c/d 30,720.00 Jan. 8 Purchases
30,720.00

Inlay Supersave
Date Details Folio Amount Date Details
Jan 27 Return Outward ROJ 7,800.00 Jan. 17 Purchases
Jan 31 Balance c/d 6900.00
14,700.00
Feb 1 Balance b/d

Date Details Folio Amount Date Details

 p.36
j $ 38,000.00
38,000.00

p.15
Folio Amount
j $ 2,000.00

2,000.00
100

p.21
Folio Amount
j $ 1,680.00
1680

p.36
Folio Amount
PJ $ 30,720.00
30,720.00

p.15
Folio Amount
Pj $ 14,700.00

14,700.00
6900.00

p.21
Folio Amount
 Sales Journal Sales led
Date Details Invoice Folio Amount
2019

Jan 12 James Brown #10 SL 4,230.00

Jan 13 A.Smith #12 Sl 15,000.00
Jan 21 S.Derick #13 SL 3,680.00
Jan 22 D.Snowball #14 SL 28,750.00
Jan 22 R.Clarke #15 SL 18,866.25
Jan 31 Transffered to Sales a/c Gl 70,526.25
 Sales ledger

James Brown a/c

Date Details Folio Amount Date Details

Jan 12 Sales SJ 4,230 Jan 31 Balnce c/d
4,230.00

A.Smith
Date Details Folio Amount Date Details
Jan 13 Sales SJ 15,000.00 Jan. 31 Balance c/d
15,000.00

Mr. Tarzan
Date Details Folio Amount Date Details
Jan. 20 Return inwards
1,000.00

S. Derick

Date Details Folio Amount Date Details

Jan 1 Balance B/d GJ 3,680.00 Jan 21 Bank

D.Snowball
Date Details Folio Amount Date Details
Jan. 1 Balance GJ $ 29,000.00 Jan 22 Bank
Jan 31 Balance c/d
29,000.00
Feb 1 Balance b/d 250
 R. Clarke
Date Details Folio Amount Date Details
Jan. 1 Balance b/d GJ $ 19,350.00 Jan 22 Bank
Jan 31 Balance c/d
19,350.00
Feb 1 Balance b/d 483.75
 p.1

Folio Amount
4,230.00
4,230.00

p.99
Folio Amount
$ 15,000.00
15,000.00

p.122
Folio Amount
RIJ $ 1,000.00
1,000.00

p.1

Folio Amount
CBA 3,680.00

p.99
Folio Amount
SJ 28,750.00
250
29,000.00
 p.122
Folio Amount
SJ 18,866.25
483.75
19,350.00
 Returns Inwards Journal
Date Details Invoice Folio Amount
Jan 20 Mr.Tarzan #1 SL 1,000.00
Jan 31 Transffered to purchases a/c GL 1,000.00

ok
 Returns Outwards Journal
Date Details Invoice Folio Amount
Jan 27 Inlay Supersave #2 PL 7,800.00
Jan 31 Transffered to R.O a/c GL 7,800.00

ok
 Trial Balance as at 31 January 2019
Debit Credit
Cash At Bank $282,156.25
Petty cash $200.00
Payables: C. Reid $100.00
Inlay supersave $6,900.00
D. Snowball $250.00
R. Clarke $483.75
Cash in Hand $2,500.00
Wages $20,000.00
Sales $51,686.00

$305,390.00 $58,886.00

Trading and profit & loss