Your First Posting exercise
Study the information provided and answer the questions that follow:
Cash Receipts Journal of Jack Black Chimney sweeps for October 2006
Doc Day Details
Current Details of
Analysis Bank Amount
Income Sundry
24 1 Capital 50000 50000 50 000 Capital
25 3 Cash 000
650 000
650 650
000
26 12 J. Jazz 300 300 300 Rent income
27 12 Cash 1040 1040 1040
28 27 Cash 500 500 500
Total in this line 52490 2 190 50 300
+ + +
DR CR CR
Posting Rule:
Cash Payments Journal of Jack Black Chimney sweeps for October 2006
Do Da Details of
c y Details Bank Wages Materials Amount
Sundry
45 1 Fire for Hire 250 250
46 5 Cash 1000 1000
47 6 Steel n more 300 300
48 10 Cash 1200 1200
49 16 Cape Times 300 300 Advertising
50 25 Lets Stay 1000 1000 Rent Expense
Total in this line 4 050 2200 550 1300
- + + +
CR DR DR DR
Posting Rule:
The following transactions were not recorded:
12 J. Jazz paid the rent for the space that he sub-lets form Jack Black, R300, issued receipt 26.
16 Paid the Cape Times R300 for advertising with cheque no. 49.
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The General Ledger of Jack Black Chimney Sweeps for October 2006
Balance Sheet Section
Capital Account
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 1 Bank CRJ 50 000
Bank Account
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 31 Total Receipts CRJ 52 490 Oct 31 Total Payments CPJ 4 050
Nominal Section
Current Income
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 31 Bank CRJ 2 190
Rent Income
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 12 Bank CRJ 300
Materials
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 31 Bank CPJ 550
Advertising
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 16 Bank CPJ 300
Wages
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 31 Bank CPJ 2 200
Rent Expense
Month Day Details Fol Amount Month Day Details Fol Amount
Oct 25 Bank CPJ 1 000
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