Exercise 1

Post from Jamie’s Plumbers March Journals to the General Ledger

Opening Balances on the 1st of March 20xx

Capital R 130 000 Current Income R 140 000

Drawings R 50 000 Rent Income R 80 000
Equipment R 220 000 Salaries and Wages R 110 000
Vehicles R 190 000 Stationery R 30 000
Bank R 220 000 Water and Electricity R 50 000
Rates and Taxes R 20 000
Telephone R 11 000
Trading License R 14 000

Copyright © Classroom Masters 2022

Jamie Plumbers
Cash Payments Journal – March 20xx CPJ3
Doc Day Name of Payee Bank Stationery Equipment Salaries & Sundry Account
Wages Amount Fol Details
B/S 1 Jason Motors 240 000 240 000 Vehicles
B/S 4 LMC 450 450 Trading Licence
B/S Waltons 234 234
B/S 6 Don Furnishers 1 299 1 299
B/S 7 Cash 1 490 1 490
B/S 10 JW Papers 1 529 1 529
B/S 12 Cash 1 500 1 500 Drawings
B/S 14 Cash 1 650 1 650
B/S 15 Plumbquip 1 989 1 989
B/S 18 Telkom 468 468 Telephone
B/S 22 Cash 1 450 1 450
B/S 24 LMC 980 400 Rates and Taxes
580 Water and Electricity
B/S 25 D David 7 860 7 860
B/S 29 Cash 1 520 1 520
262 419 1 763 3 288 13 970 243 398
General Ledger of Jamie Plumbers
Balance Sheet Section
Capital B1

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 130 000
MAR
Bank CRJ3 260 000
29 Bank CRJ3 40 000
430 000

Drawings B2

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 50 000
MAR
12 Bank CPJ3 1 500
51 500
Bank B3

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 220 000 31 Total Payments CPJ3 262 419
mar Mar
31 Total receipts CRJ3 325 398 Balance c/d 282 979
545 398 545 398
1 Apr Balance b/d 282 979
Equipment B4

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 220 000
MAR
31 Bank CPJ3 3 288
223 288
Vehicles B5

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 190 000
Mar
Bank CPJ3 240 000
430 000
Nominal Section
Current income N1

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 140 000
mar
 31 Bank CRJ3 19 098
159 098
Rent income N2

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 80 000
Mar
15 Bank CRJ3 6 300
86 300
Stationery N3

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 30 000
Mar
31 Bank CPJ3 1763
31 763
Salaries and Wages N4

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 110 000
Mar
31 Bank CPJ3 13 970
123 970
Telephone N5

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 11 000
Mar
18 Bank CPJ3 468
11 468
Water and Electricity N6

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 50 000
Mar
24 Bank CPJ3 580
50 580
Rates and Taxes N7

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 20 000
mar
24 Bank CPJ3 400
20 400
Trading License N8
Date Details Folio Amount Date Details Folio Amount
1 Balance b/d 14 000
mar
4 Bank CPJ3 450
14 450
Exercise 2

Post from Rose Hairdressers November Journals to the General Ledger

Opening Balances on the 1st of November 20xx

Capital R 90 000 Current Income R 50 000

Equipment R 100 000 Salaries and Wages R 110 000
Bank R 70 000 Advertising R 30 000
Rent Expense R 50 000
Material Cost R 20 000
Telephone R 5 000
Trading License R 14 000
Copyright © Classroom Masters 2022

Rose Hairdressers
Cash Receipts Journal - November 20xx CRJ11
Doc Day Details Analysis of Bank Current Sundry Account
receipts income Amount Fol Details
CRR 6 Services rendered 7 400 7 400 7 400
CRR 23 Services rendered 6 400 6 400 6 400
B/S 30 R Morris 32 000 32 000 Capital

45 800 13 800 32 000

Rose Hairdressers
Cash Payments Journal – November 20xx CPJ11
Doc Day Name of Payee Bank Advertising Equipment Salaries & Sundry Account
Wages Amount Fol Details
B/S 4 Anderson & Co 7 200 7 200 Rent expense
B/S 6 City of Cape Town 480 480 Trading Licence
B/S 7 Powell Ltd 8 700 8 700
B/S 10 Spencer Printers 500 500
B/S 14 Red Stockists 8 600 8 600 Material costs
B/S 16 Sam Suppliers 2 010 2 010
B/S 20 Spencer Printers 260 260
B/S 25 Telkom 460 460 Telephone
B/s 28 F Visser 4 500 4 500
32 710 760 10 710 4 500 16 740

42
St Davids Marist Inanda Grade 8 Accounting - Cash Journals of a Service Business Educator Memorandum
General Ledger of Rose Hairdressers
Balance Sheet Section
Capital B1

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 90 000
Nov
30 Bank CRJ3 32 000
122 000
 Bank B2

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 70 000 30 Total Payments CPJ3 32 710
Nov Nov
30 Total receipts CRJ3 45 800 Balance c/d 83 090
115 800 115 800
1 Balance b/d 83 090
Dec
Equipment B3

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 100 000
Nov
30 Bank CPJ3 10 710
110 710
Nominal Section
Current income N1

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 50 000
Nov
30 Bank CRJ3 13 800
63 800
Rent expense N2

Date Details Folio Amount Date Details Folio Amount

1 balance b/d 50 000
Nov
4 Bank CPJ3 7200
57 200
Advertising N3

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 30 000
Nov
30 Bank CPJ3 760
30 760
Salaries and Wages N4

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 110 000
Nov
Bank CPJ3 4 500
114 500
Telephone N5
Date Details Folio Amount Date Details Folio Amount
1 Balance b/d 5 000
Nov
25 Bank CPJ3 460
5 460
Material Costs N6

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 20 000
Nov
14 Bank CPJ3 8 600
28 600
Trading License N7

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 14 000
Nov
6 Bank CPJ3 480
14 480
Exercise 3
Post from Marists Barbershop March Journals to the General Ledger
Opening Balances on the 1st of March 20xx

Capital R 90 000 Current Income R 50 000

Bank R 20 000 Salaries and Wages R30 000
Loan: Bloos Bank R 40 000 Material Cost R 20 000
Interest of fixed deposit R 50 000

Cash Receipts Journal- Mar 20xx

Bank 66 297
Current Income 56 104
Sundry 10 193
th
7 R 193 of Sundry was for Interest on fixed deposit
10th R 3000 of Sundry was for Capital

Cash Payments Journal- Mar 20xx

Bank 44 619
Salaries and Wages 24 430
Material Cost 9 876
Sundry 10 313
th
7 R5 800 of Sundry was for loan: Bloos Bank

General Ledger of Marists Barbershop

Balance Sheet Section
Capital B1

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 90 000
mar
10 Bank CRJ3 3 000
93 000

Bank B2

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 20 000 31 Total payments CPJ3 44 169
mar
31 Total receipts CRJ3 66 297 Balance c/d 42 128
86 297 86 297
1 Apr Balance b/d 42 128
Loan: Bloos Bank B3

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 40 000
mar
7 Bank CPJ3 5 800
 45 800
Nominal Section
Current income N1

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 50 000
mar
31 Bank CRJ3 56 104
106 104
Interest on fixed deposit N4

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 50 000
mar
7 Bank CRJ3 193
50 193
Salaries and Wages N4

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 30 000
mar
31 Bank CPJ3 24 430
54 430
Material Costs N6

Date Details Folio Amount Date Details Folio Amount

1 Balance b/d 20 000
mar
31 Bank CPJ3 9 876
29 876
Exercise 4

Balance the following accounts

General Ledger of Rose Hairdressers

Capital B1

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 80 000
30 Nov Bank CRJ11 30 000
110 000

Bank B2

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 20 000 30 Total Payments CPJ11 50 000
Nov
30 Nov Total Receipts CRJ11 250 000 Balance c/d 220 000
270 000 270 000
1 Dec Balance b/d 220 000

Equipment B3

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 90 000
30 Nov Bank CPJ11 30 000
120 000
Current income N1

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 200 000
30 Bank CRJ11 50 000
Nov
250 000
Salaries and Wages N4

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 40 000
30 Nov Bank CPJ11 10 000
50 000
Exercise 5
Balance the following accounts

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 50 000 30 Total Payments CPJ11 200 000
Nov
30 Nov Total Receipts CRJ11 100 000
Balance c/d 50 000
200 000 200 000
1 Balance b/d 50 000
Dec

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 100 000 30 Total Payments CPJ11 120 000
Nov
30 Nov Total Receipts CRJ11 170 000 Balance c/d 150 000
270 000 270 000
1 dec Balance b/d 150 000

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 30 000 30 Total Payments CPJ11 340 000
Nov
30 Nov Total Receipts CRJ11 170 000
Balance c/d 140 000
340 000 340 000
1 Balance b/d 140 000
Dec

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 50 000 30 Total Payments CPJ11 340 000
Nov
30 Nov Total Receipts CRJ11 170 000
Balance c/d 120 000
340 000 340 000
1 Balance b/d 120 000
Dec

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 50 000 30 Total Payments CPJ11 300 000
Nov
30 Nov Total Receipts CRJ11 240 000
Balance c/d 10 000
300 000 300 000
1 Balance b/d 10 000
Dec
Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 90 000 30 Total Payments CPJ11 420 000
Nov
30 Nov Total Receipts CRJ11 500 000 Balance c/d 170 000
590 000 590 000
1 Dec Balance b/d 170 000

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 60 000 30 Total Payments CPJ11 340 000
Nov
30 Nov Total Receipts CRJ11 200 000
Balance c/d 80 000
340 000 340 000
1 Balance b/d 80 000
Dec

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 50 000 30 Total Payments CPJ11 320 000
Nov
30 Nov Total Receipts CRJ11 470 000 Balance c/d 200 000
520 000 520 000
1 Dec Balance b/d 200 000

Bank

Date Details Folio Amount Date Details Folio Amount

1 Nov Balance b/d 120 000 30 Total Payments CPJ11 270 000
Nov
30 Nov Total Receipts CRJ11 60 000
Balance c/d 90 000
180 000 180 000

Bank
Date Details Folio Amount Date Details Folio Amount
1 Nov Balance b/d 500 000 30 Total Payments CPJ11 480 000
Nov
30 Nov Total Receipts CRJ11 170 000 Balance c/d 190 000
670 000 670 000
1 Dec Balance b/d 190 000