Journal Exercise One:

You are appointed the bookkepper of Zoots Pre-School. Draw up the CRJ and the CPJ for
the
month of May 2011.
Their fees are as follows:
Full day fees: R1800 per month
Half day fees: R1000 per month

May 2011
1 Owner R. Eberlin invested R100 000 in the pre-school. Issued her receipt No. D30.
Received one month’s fees from Mrs Solomon. Her child attends for the full day.
Issued her receipt D31.

2 Mrs Goldberg paid half day fees for the month. Issued her receipt D32.

3 Bought groceries from Shoprite for the week for the pre-school, R1650. Paid by
cheque No. 54.

Paid rent for the month to Remax, R8500 by cheque 55.

7 Cashed cheque 56 to pay wages, R1800.

9 Paid Baby & Co R560 for nappies and R1100 for a new cot. Paid by cheque 57.

12 Psychologist D.Kessler, who rents a room at the pre-school, paid his rent for the
month to Zoots, R2300. Issued him receipt D33.

Issued receipt D34 to Mrs Geffin, whose child attends full day, for payment of
fees.

14 Cashed a cheque to pay wages, R1800.

17 Received fees from Mr Roup for a new child who is only paying for half a month,
but will attend full day.

22 Paid electricity and water, R300, to the City Council.

28 Cashed a cheque to pay wages, R1800.

30 Received fees for April and May from Mrs Wilensky whose child attends full day.

Paid teacher, M Cohen, his salary of R6500 by cheque.

3
Cash Receipts Journal of Zoots Pre-School for May 2011
Sundry Accounts
Current Amount Details
Doc Day Details Fol Analysis Bank
Income

30 1 R.Eberlin 100 000 100 000 Capital

31 Mrs Solomon 1 800 101 800 1 800
32 2 Mrs Goldberg 1 000 1 000 1 000
33 12 D. Kessler 2 300 2 300 Rent income

34 Mrs Geffin 1 800 4 100 1 800

35 17 Mr Roup 900 900 900
36 30 Mrs Wilensky 3 600 3 600 3 600

111 400 9 100 102 300

Cash Payments Journal of

Wages and Sundry Accounts
Doc Day Details Fol Bank Equipment
Salaries Amount Details
54 3 Shoprite 1 650 1 650 Materials

55 Remax 8 500 8 500 Rent expense

56 7 Cash 1 800 1 800
57 9 Baby & Co 1 660 1 100 560 Materials

58 14 Cash 1 800 1 800

59 22 City Council 300 300 Water & electricity

60 28 Cash 1 800 1 800

61 30 M. Cohen 6 500 6 500

24 010 11 900 1 100 11 010

4
Journal Exercise Two:

Use the information given below to draw up the following in the books of Ramjee
Cleaners using the journals provided:
Transactions for October 2012:
1 D. Ramjee won R900 000 in the national lottery. She decided to invest 2/3 of the
winnings in a dry cleaning business, Ramjee Cleaners. The amount was
deposited into the current banking account of the business. Receipt 001 was
issued.
2 Paid R830 to the City of Cape Town by cheque 001 for the trading licence.
Bought the following from Marais Traders:
5 x washing machines @ R2 200 each
3 x tumble driers @ R1 500 each.
4 Bought materials from Makro Stores, R1 350 and paid by cheque.
5 Cash received for services rendered, R2 750.
7 Paid the wages of the three employees by cashing a cheque. Each employee
earns R1 750 per week.
8 Received a cheque from Fish Hoek High School for the following services
rendered:
10 x shirts washed and dried at R23 each
20 x blankets dry-cleaned @ R27 each
7 x towels washed and dried at R52 each
11 Bought pens, pencils and receipt books from CAN Stationers and paid by cheque,
R385.
14 Paid the weekly wages by cheque (refer to day 7).
15 Cash received for services rendered, R21 365.
17 The owner D. Ramjee sent a business cheque to Telkom for the following:
R750 for the business telephone account
R500 for personal telephone account
22 Paid the weekly wages of the three employees by cheque. Each of the
employees received an increase of R50 per week.
23 Sent a cheque for R1 300 to Yu Tom Traders for the following:
Materials R1 220
Stationery R80

5
 Cash Receipts Journal of Ramjee Cleaners for October 2012
Current Sundry Accounts
Doc Day Details Fol Analysis Bank
Income Amount Details
001 1 D. Ramjee 600 000 600 000 600 000 Capital
002 5 Sales 2 750 2 750 2 750
003 8 Fish Hoek High 1 134 1 134 1 134
School
004 15 Sales 21 365 21 365 21 365

625 249 25 249 600 000

Cash Payments Journal of Ramjee Cleaners for October 2012

Sundry Accounts
Doc Day Details Fol Bank Materials Wages
Amount Details
001 2 City of Cape Town 830 830 Trading licence
002 2 Marais Traders 15 500 15 500 Equipment

003 4 Makro Stores 1 350 1 350

004 7 Cash 5 250 5 250
005 11 CAN Stationers 385 385 Stationery
006 14 Cash 5 250 5 250
007 17 Telkom 1 250 750 Telephone

500 Drawings
008 22 Cash 5 400 5 400
009 23 Yu Tom Traders 1 300 1 220 80 Stationery
36 515 2 570 15 900 18 045

6
 The Accounting Equation:

Assets = OE + Liabilities
Current Assets: Capital and Creditors and Loans
Trading stock
Debtors Control Drawings
Bank

Non-current Assets: = Income and +

Land and buildings Expenses
Vehicles
Equipment

Assets = Owner’s Equity + Liabilities

Effect Reason Effect Reason Effect Reason
+100 000 Bank = + 100 000 Capital
- 10 – 10 000 Bank
+ 10 000 Equipment
+ 50 000 Trading
Stock
- 50 000 Bank
- 5 000 Bank - 5 000 Drawings
+ 12 000 Bank + 12 000 Current
Income
- 1 500 Bank -1 500 Stationery

1. The owner of PV Limited contributed R100 000 towards capital

2. PV Limited bought equipment for R10 000
3. PV Limited bought Trading Stock for R50 000
4. The owner took R5 000 for personal use
5. Earned R12 000 for services rendered
6. Bought Stationery for R1 500

7
Complete the following table below:
EG: Bought a vehicle for R15 000

1. Owner deposited R60 000 as his capital contribution

2. Paid Telkom R315 for telephone account
3. Bought Trading Stock for cash, R2300
4. Owner drew a cash cheque to put fuel in his car, R110
5. Got a loan from bank, R20 000

Assets Owners’ Equity Liabilities

- 15000 Bank
EG
+ 15000 Vehicle

1 + 60 000 Bank + 60 000 Capital

2 -315 Bank -315 Telephone

+2300 Trading Stock

3 -2300 Bank

4 -110 Bank -110 Fuel/Drawings

5 +20 000 Bank +20 000 Loan

8
 The General Ledger
A ledger account is also known as a T account.

DR Account Name CR

Mth Day Details (name of Fol Amount Mth Day Details (name of Fol Amount
& opposite account) & opposite account)
year year

The general ledger is divided into 2 sections

1. The Balance Sheet Section
This includes: Capital ) Owner
Drawings )

Land and Buildings )

Equipment ) Fixed Assets
Vehicles )

Bank )
Petty Cash ) Current Assets
Cash Float )
2. The Nominal Section
This includes: All incomes
(eg: Current Income
and Rent Income)
All Expenses
(eg: Wages, Stationery, Telephone or
materials)
Posting

Dr stands for DEBIT and is the LEFT HAND SIDE of the account.
Cr stands for CREDIT and is the RIGHT HAND SIDE of the account.

9
 How do we know when to Debit
and when to Credit?????

All Eskimos Do Like Ice Cream

Assets Expenses Drawings Liabilities Income Capital
(Increase on the debit side) (Increase on the credit side)

The process:

1. Transactions take place; these are recorded on the source documents

including: a cheque counterfoil and a duplicate receipt.

2. The source documents are then recorded in either the Cash Receipts
or the Cash Payments Journal.

3. The journals are posted to the General Ledger. As each and every
transaction is recorded in the journals, they can become quite big
and, and impossible to work with. As a result, the information in the
journals is posted (transferred) to the General Ledger. As only the
journal totals are posted (in most cases), the General Ledger is far
smaller and in fact a monthly summary of all the transactions.

10
Posting the Cash Receipts Journal MADE EASY…
Cash Receipts Journal of Middle School Traders for February 2012 The Missing Transaction:
Current Received an amount of R1 700
Doc Day Details Analysis Bank Amount Details
Income
from our tenant, Mr. IR Tenant on
1 1 M. Normal 10 000 10 000 10 000 Capital 10th February issued receipt 3.
2 5 Cash 200 200 200
3 10 I. R. Tenant 1 700 1 700 1 700 Rent Income
4 15 Cash 300 300 300
12 200 500 11 700

Cr (+) By posting the totals only we

Dr (-) Capital summarize the journal in the

Feb 1 Bank Crj 10 000 General Ledger

Dr (+) Bank Cr (-)

Feb 29 Total Receipts Crj 12 200

Dr (-) Current Income Cr (+)

Feb 29 Bank Crj 500

Dr (-) Rent Income Cr (+)

Feb 10 Bank Crj 1 700

Grade 8 EMS – Booklet 2

Cash Payments Journal of Middle School Traders for February 2012
Do Da Fill in the missing transaction:
c y Details Bank Wages Materials Amount Details
1 1 Telkom 690 690 Telephone On 9 February Issued cheque 4 for
R1 000 to the Municipality for
2 4 Makro stores 450 450 electricity.
3 5 Cash 900 900
4 9 Municipality 1000 1000 Electricity
5 14 Cash 900 900
3 940 1 800 450 1 690
Remember…
Dr (+) Bank Cr (-)
The Journal records
Feb 29 Total Payments Cpj 3 940 each transaction.

Dr (+) Wage Cr (-) The Ledger is a

summary of the
Feb 29 Bank Cpj 1 800
journal.

Dr (+) Materials Cr (-)

Feb 29 Bank Cpj 450

Dr (+) Telephone Cr ()
Feb 1 Bank Cpj 690

Dr (+) Electricity Cr ()
Feb 9 Bank Cpj 1 000

12
Posting to the General Ledger:

When we post to the General Ledger we are in fact summarizing journals, therefore we need only post
the totals of each column and not each entry, except in the sundry column, where we need to post each
amount.

Cash Receipts Journal of Smart Shoe repairs for June 2012

Current Sundry Accounts
Doc Day Details Fol Analysis Bank
Income Amount Details
23 1 Malambo 10 000 10 000 10 000 Capital
24 6 Cash 4 000 4 000
25 R. Lazy 500 4 500 500
14 500 4 500 10 000
Dr Cr Cr

The rule for posting the CRJ is to Debit the Bank account and Credit all other accounts.

Cash Payments Journal of Smart Shoe repairs for June 2012

Stationer Sundry Accounts
Doc Day Details Fol Bank Advertising
y Amount Details
01 1 Argus 350 350
02 5 PNA 45 45
03 Cash 500 500 Wages
04 9 Cash 1 000 1 000 Drawings
1 895 350 45 1 500

Cr Dr Dr Dr

The Rule for posting the CPJ is to Credit the Bank account and Debit all other accounts.

NB! When we post to the journals, it is important that we get the dates correct. If we
are posting a column total, then we use the last day of the month. If we are posting
from the sundries column, then we use the actual date of the transaction.

Question: Why is the total of the CRJ’s Bank column posted to the debit side of the Bank account,
while the CPJ’s Bank column total is posted to the credit side of the Bank account?

13
General Ledger of Smart Shoe Repairs for June 2012
Balance Sheet Section
Capital Account

Date Details Fol Amount Date Details Fol Amount

1
June Bank crj 10 000
Drawings

Date Details Fol Amount Date Details Fol Amount

9
June Bank Cpj 1 000

Bank Account

Date Details Fol Amount Date Details Fol Amount

30 30
June Total Receipts crj 14 500 June Total Payments cpj 1 895

Nominal Section
Current income
Date Details Fol Amount Date Details Fol Amount
30
June Bank crj 4 500

Advertising
Date Details Fol Amount Date Details Fol Amount
30
June Bank Cpj 350

Wages
Date Details Fol Amount Date Details Fol Amount
5
June Bank cpj 500

Stationery
Date Details Fol Amount Date Details Fol Amount
30
June Bank Cpj 45

Cash Float
Date Details Fol Amount Date Details Fol Amount
16
March Bank Cpj 800
Rent Paid
Date Details Fol Amount Date Details Fol Amount
8
March Bank Cpj 2 000

14
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.

15
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

16
Instructions and Questions:

1. Write down the posting rules for the CRJ and the CPJ (do this under each journal)

2. Above each of the ledger accounts write the letters (A, E, I, or L) to indicate whether the
account is an Asset, Expense, Income or Liability.

3. Put a + or a – sign on the debit and credit sides of each account. (Base this on what type
of an account it is.)
Remember:

Assets Expenses

Get bigger (+) on the Get Smaller (-) on the Get bigger (+) on the Get Smaller (-) on the
debit side. credit side. debit side. credit side.

Incomes Liabilities

Get Smaller (-) on the Get bigger (+) on the Get Smaller (-) on the Get bigger (+) on the
credit side. debit side. credit side. debit side.

4. Some of the posting has been done for you. Complete the General Ledger by posting
from the CRJ and the CPJ.

Some helpful tips when posting:

1. Post journal by journal. That means post the CRJ and when that is fully posted, then move onto
the CPJ.
2. Post from the left to the right. I.e. post the Bank column first, then move onto the next column
right.
3. Analysis column is for calculation only and thus does not get posted!
4. If there is a column post the total to the relevant account. The date used in the General ledger
will be the last day of that particular month.
5. Amounts in the Sundry columns will be posted after the columns have been posted, use the date
on which the transaction took place.
6. Except for the Bank account... We always write BANK in the details column when posting. This
is because we are dealing with CASH transactions and the money is either going into or out of
the BANK ACCOUNT.
7. In the BANK account on the debit side DETAILS column we write TOTAL RECEIPTS (this is from
the total of the bank column in the CRJ and is thus the total that we received.)
8. In the BANK account on the credit side DETAILS column we write TOTAL PAYMENTS (this is from
the total of the bank column in the CPJ and is thus the total that we paid.)

17
Posting by yourselves...
Introduction:

You have two journals that need to be ‘posted’ to the General Ledger, the Cash Receipts and the Cash
Payments Journals. When you ‘post’, you are transferring a summary of the journals to the General
Ledger. This is done by transferring the totals of the various columns, not each transaction. The
exception to this is the Sundry Column, where each transaction is transferred.

Step one: Posting the Cash Receipts Journal (CRJ)

1. Total the bank column. Now, write this total in the amount column on the debit side of the
Bank Account (Next to Total Receipts ) This shows that there is more money in the bank account.
2. Total the Current Income column. Now, write this total in the amount column on the credit side
of the Current Income Account (Next to Bank ) This shows that we have earned money for
performing a service. In the date columns we write ‘Oct31’ as this is the total for the month.
3. Now we move on to the Sundries Column. There is only one entry, R50 000 for Capital. This
needs to be posted to the Capital Account. Capital is an Income, therefore it increases on the
credit side, so we write 50 000 in the amount column on the credit side of the capital account.
In the Fol (which stands for folio) we write CRJ, because we are posting from the CRJ.
End of round 1

Step two: Posting the Cash Payments Journal (CRJ)

1. Total the bank column. Now, write this total in the amount column on the credit side (minus
side!) of the Bank Account (Next to Total Payments) This shows that there is less money in the
bank account.
2. Total the wages column. Now, write this total in the amount column on the debit side of the
Wages Account. In the details column write ‘BANK’ to show where the money came from.
3. Total the Materials column. Now, write this total in the amount column on the debit side of the
Materials Account. In the details column write ‘BANK’ to show where the money came from. In
the Fol column write CPJ and in the Date columns write Oct 31.
4. Now we move on to the Sundries Column. There is only one entry, R1 000 for Rent Expense.
This needs to be posted to the Rent Expense Account. It is an expense, therefore it increases on
the Debit side, so we write 1 000 in the amount column on the Debit side of the Rent Expense
account. In the Fol (which stands for folio) we write CPJ, because we are posting from the CPJ.
In the Details column we write BANK to show where the money came from to pay the rent, and
in the date column we write Oct 25, the date the transaction took place.
The End

18
Post the cash journals of Weedfree Garden Services to their General Leger for June 2007

CASH RECEIPTS JOURNAL OF WEEDFREE GARDEN SERVICES - JUNE 2007 CRJ1

SUNDRY ACCOUNTS

D OC ANALYSIS OF
DAY DETAILS FOL BANK CURRENT INCOME AMOUNT FOL DETAILS
NO RECEIPTS

G1 1 Paul Green 23500 00 23500 00 23500 00 B1 Capital

CS1 9 Cash 3500 00 3500 00

CS2 14 Cash 1300 50 4800 50 1300 50

28300 50 4800 50 23500 00

CASH PAYMENTS JOURNAL OF WEEDFREE GARDEN SERVICES - JUNE 2007 CPJ1

SUNDRY ACCOUNTS

D OC
DAY NAME OF PAYEE FOL BANK EQUIPMENT AMOUNT FOL DETAILS
NO

Q1 4 Municipality 569 00 569 00 N2 Licence

Stockfeld Garden
Q2 6 Suppliers 14569 89 14569 89

Q3 11 Cash 20 47 20 47 N4 Materials

Q4 11 Bellcom 64 00 64 00 N3 Telephone

Q5 15 Cash 112 99 112 99 N4 Materials

Q6 17 Smith & Co 1116 00 1116 00

Q7 22 Bellcom 63 50 63 50 N3 Telephone

16515 85 15685 89 829 96

19
General Ledger of Weedfree Garden Services for June 1997
Balance Sheet Section
Capital Account
Month Day Details Fol Amount Month Day Details Fol Amount
June 1 Bank CRJ 23 500

Equipment Account
Month Day Details Fol Amount Month Day Details Fol Amount
June 30 Bank CPJ 15 685.89

Bank Account
Month Day Details Fol Amount Month Day Details Fol Amount
June 30 Total Receipts CRJ 28 300.50 June 30 Total Payments CPJ 16 515.85

Nominal Section
Current Income
Month Day Details Fol Amount Month Day Details Fol Amount
June 30 Bank CRJ 4800.50

Materials
Month Day Details Fol Amount Month Day Details Fol Amount
June 11 Bank CPJ 20.47
15 Bank CPJ 112.99

License
Month Day Details Fol Amount Month Day Details Fol Amount
June 4 Bank CPJ 569

Telephone
Month Day Details Fol Amount Month Day Details Fol Amount
June 11 Bank CPJ 64
22 Bank CPJ 63.50

20
Post the cash journals of Rent-a-Taxi to their General Ledger for April 2007

CASH RECEIPTS JOURNAL OF RENT-A-TAXI - APRIL 2007 CRJ1

SUNDRY ACCOUNTS
D OC ANALYSIS CURRENT
NO DAY DETAILS FOL BANK AMOUNT FOL DETAILS
OF INCOME

RR1 1 Bongani Petersen 500000 00 500000 00 500000 00 B1 Capital

CR1 10 Services Rendered 10000 00 10000 00 10000 00

CR2 16 Services Rendered 4600 00 4600 00

All Blues Rugby
RR2 16 Union 5900 00 10500 00 5900 00

CR3 30 Services Rendered 9742 86 9742 86 9742 86

530242 86 30242 86 500000 00

CASH PAYMENTS JOURNAL OF RENT-A-TAXI - APRIL 2007 CPJ1

SUNDRY ACCOUNTS
DO REPAIRS TO
C DAYNAME OF PAYEE FOL BANK WAGES AMOUNT FOL DETAILS
NO VEHICLES
Sam Golding
C1 2 Property Agents 4000 00 4000 00 N4 Rent

C2 5 Otkins Moyota 200000 00 200000 00 B2 Vehicles

C3 7 Cash 7000 00 7000 00

C4 11 Cash 7500 00 7500 00

C5 11 PB Motors 2000 00 2000 00

C6 20 Slow Spur 230 67 230 67 N5 Materials

Shall Motor
C7 25 Dealers 13000 00 700 00 12300 00 B2 Vehicles

C8 30 Cash 7000 00 7000 00

C9 30 Jo Watson 5500 00 5500 00 N6 Salary

246230 67 2700 00 21500 00 222030 67

21
General Ledger of Rent a Taxi for April 2007
Balance Sheet Section
Capital Account
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 1 Bank CRJ 500000

Vehicles Account
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 5 Bank CPJ 200 000
25 Bank CPJ 12 300

Bank Account
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 30 Total receipts CRJ 530 242.86 Apr 30 Total payments CPJ 246230.67

Nominal Section
Current Income
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 30 Bank CRJ 30242.86

Materials
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 20 Bank CPJ 230.67

Repairs to Vehicles
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 30 Bank CPJ 2 700

Wages
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 30 Bank CPJ 21 500

Rent Expense
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 2 Bank CPJ 4 000

Salary
Month Day Details Fol Amount Month Day Details Fol Amount
Apr 30 Bank CPJ 5 500

22
Additional (revision) exercise:
Cash Receipts Journal of Heldskoon Car Wash for February 2013
Current Sundry Accounts
Doc Day Details Fol Analysis Bank
Income Amount Details
01 1 H. Mclean 25 000 25 000 25 000 Capital
02 4 Cash 800 800 800
03 6 Cash 2 300 2 300 2 300
04 9 Cash 3 500 3 500 3 500
05 11 Cash 1 800 1 800 1 800
06 13 Cash 600 600 600
07 19 Cash 3 900 3 900 3 900
08 22 Cash 2 000 2 000 2 000
09 25 Cash 6 000 6 000 6 000
45 900 20 900 25 000
DR CR CR

When we ‘post’ the Cash Receipts Journal to the General Ledger, we are in fact summarizing the journal.
Thus we only post the total of the Bank column to the debit side of the Bank account, and the total of
the current income column to the current income account. The amounts in the sundry columns need to
be posted individually.

Cash Payments Journal of Heldskoon Car Wash for February 2013

Sundry Accounts
Doc Day Details Fol Bank Equipment Materials
Amount Details
01 2 Cash 10 000 10 000
02 3 Cash 6 500 6 500
03 5 Cash 500 500 Wages
04 8 Cash 5 000 5 000
05 10 Cash 190 190
06 12 Cash 1 000 1 000
07 16 Cash 1 000 1 000 Wages
08 17 Cash 300 300
09 18 Cash 50 50 Stationery
10 21 Cash 450 450 Telephone
11 23 Cash 3 000 3 000 Rent expense
12 24 Cash 1 750 1 750 Water & Elec
13 26 Cash 500 500 Wages
14 27 H. Mclean 5 000 5 000 Salaries
35 240 16 000 6 990 12 250
Cr DR DR DR

The same posting rules apply to the cash payments journal, if we are posting a column, we only post the
column’s total, and sundry columns get posted individually

NB! – DATES When posting a column total, we use

the last day of the month as the date. If we are
posting from sundries, we use the date that the
transaction took place on.

23
General Ledger of Heldskoon Car Wash for February 2013
Balance Sheet Section
Capital Account
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 1 Bank CRJ 25 000

Equipment Account
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 28 Bank CPJ 16 000

Bank Account
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 28 Total receipts CRJ 45 900 Feb 28 Total payments CPJ 35 240

Nominal Section
Current Income
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 28 Bank CRJ 20 900

Materials
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 28 Bank CPJ 6 990

Rent Expense
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 23 Bank CPJ 3000

Telephone
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 21 Bank CPJ 450

Wages
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 5 Bank CPJ 500
16 Bank CPJ 1000
26 Bank CPJ 500

Water and Electricity

Month Day Details Fol Amount Month Day Details Fol Amount
Feb 24 Bank CPJ 1750

Stationery
Month Day Details Fol Amount Month Day Details Fol Amount
Feb 18 Bank CPJ 50

24