Cash Receipts, Payments, Sales and Purchases Journal for Desklib

This journal includes cash receipts, payments, sales and purchases for Desklib. It also includes subsidiary ledgers and reconciliation with the general ledger control account for accounts receivable and payable.

CASH RECEIPTS JOURNAL
Date
Account
Post
Ref
Debits Credits
Cost of
Sales
Cash at
Bank
Discount
Allowed
Expense
Accounts
Receivable
Sales
Revenue
Other
Accounts
Ma
r 4 Sales revenue X 3,410.00 3,410.00 1820
Ma
r 8 Interest revenue 419 120.00 120.00
Ma
r 12 L. E. Wooten 112 (c) 2,303.00 47.00 2,350.00
Ma
r 19 Canberra Associates 112 (a) 6,125.00 125.00 6,250.00
Ma
r 24 Supplies 116 80.00 80.00
Ma
r 31 L. E. Wooten 112 (c) 1,825.00 1,825.00
13,863.00 172.00 10,425.00 3,410.00 200.00 1,820.00
Post Balances to General Ledger accounts 111 412 112 411 X 511 / 118
14,035 14,035
CASH PAYMENTS JOURNAL
Date Account
Cheq
no
Post
Ref
Debits Credits
Accounts
Payable Inventory
Salary
expense
Other
Accounts
Cash at
Bank
Discount
Received*
Mar 5 Furniture 473 151 1080.00 1,080.00
Mar 10 Inventory 474 118 770.00 770.00
Mar 13 Delwood Plaza 475 211 5,900.00 5,723.00 177.00
Mar 22 Prepaid Insurance 476 117 1,345.00 1,345.00
Mar 25 Electricity and gas expense 477 541 380.00 380.00
Mar 30 Houghton Supplies 478 211 680.00 680.00
Mar 31 Salary expense 479 531 1,100.00 1,100.00
6,580.00 770.00 1,100.00 2,805.00 11,078.00 177.00
Post Balances to General Ledger accounts 211 118 531 X 111 414
11,255.00 11,255.00
* This account has been created additionally as no corresponding account exist for discount
received.
SALES JOURNAL
Date Account
Invoice
Number
Post
Ref Terms
Accounts
Receivabl
e
Cost of
Sales
Mar 2 L. E. Wooten 191 112 (c) 2/10, n/30 2,350.00 1,390.00

Mar 9 Canberra Associates 192 112 (a) 2/10, n/30 6,250.00 3,300.00
Mar 15 J. R. Wakeland 193 112 (b) 2/10, n/30 740.00 410.00
Mar 18 L. E. Wooten 194 112 (c) 2/10, n/30 1,825.00 970.00
Mar 29 Canberra Associates 195 112 (a) 2/10, n/30 1,800.00 1,000.00
12,965.00 7,070.00
Post Balances to General Ledger accounts 112 / 411
511 /
118
PURCHASES JOURNAL
Date Account Terms
Post
Ref
Accounts
Payable
Mar 3 Delwood Plaza 3/10, n/60 211 (a) 5,900.00
Mar 20 Jasper Sales net 30 211 (c) 2,150.00
Mar 28 Houghton Supplies 2/10, n/30 211 (b) 420.00
8,470.00
Post Balances to General Ledger accounts 118 / 211
GENERAL JOURNAL
Date Details Post
Ref
Debit Credit
Mar 13 Supplies 116 68
0.00
Houghton Supplies 211 680.
00
(Supplies purchased on credit, terms
net end of month)
Mar 17 Sales returns and allowances 413 74
0.00
J. R. Wakeland 112 740.
00
(Credit note issued for return of goods)
Mar 17 Inventory 118 41
0.00
Cost of Sales 511 410.
00
(Cost of sales reversed on return)
Mar 22 Furniture 151 77
5.00
Delwood Plaza 211 775.
00
(Purchase of furniture at credit term
3/10, n/60)

Mar 29 Houghton Supplies 211 42
0.00
Inventory 118 420.
00
(Returned defective inventory)
General Ledger
DEBIT CREDIT
Date Details Amt. $ Date Details Amt. $
Cash at Bank A/c 111
31st
Mar
Total from cash
receipt journal 13,863.00 31st Mar Total from cash
payment journal 11,078.00
31st Mar Closing balance 2,785.00
13,863.00 13,863.00
Accounts Receivable A/c 112
31st
Mar
Total from sales
journal 12,965.00 17th Mar Credit note issued 740.00
31st Mar Total from cash
receipt journal 10,425.00
31st Mar Closing balance 1,800.00
12,965.00 12,965.00
Supplies A/c 116
13th
Mar Purchase on credit 680.00 24th Mar Supplies sold 80
31st Mar Closing balance 600.00
680.00 680.00
Prepaid Insurance a/c 117
22nd
Mar
Insurance
purchased 1,345.00
31st Mar Closing balance 1,345.00
1,345.00 1,345.00
Inventory A/c 118
17th
Mar
Inventory returned
by client 410.00 29th Mar Inventory returned
by us 420.00
31st
Mar
Total from cash
payment journal 770.00 31st Mar Total from cash
receipt journal 1,820.00

31st
Mar
Total from purchase
journal 8,470.00 31st Mar Total from sales
journal 7,070.00
31st Mar Closing balance 340.00
9,650.00 9,650.00
Furniture A/C 151
5th
Mar
Purchased furniture
for cash 1080.00
22nd
Mar
Purchased furniture
on credit 775.00 31st Mar Closing balance 1,855.00
1855.00 1,855.00
Accounts Payable A/c 211
29th
Mar Inventory returned 420.00 13th Mar Purchase on credit 680.00
31st
Mar
Total from cash
payment journal 6,580.00 22nd Mar Purchased furniture
on credit
77
5.00
31st
Mar Closing balance 2,925.00 31st Mar Total from purchase
journal 8,470.00
9,925.00 9,925.00
Sales Revenue a/c 411
31st Mar Total from cash
receipt journal 3,410.00
31st
Mar Closing balance 16,375.00 31st Mar Total from sales
journal 12,965.00
16,375.00 16,375.00
Sales discounts 412
31st
Mar
Total from cash
receipt journal 172.00 31st Mar Closing balance 172.00
172.00 172.00
Sales Returns and Allowances 413
17th
Mar Credit note issued 740.00 31st Mar Closing balance 740.00
740.00 740.00
Discount received - 414
31st
Mar Closing balance 177.00 31st Mar Total from cash
payment journal 177.00

177.00 177.00
Interest Revenue A/c 419
31st
Mar Closing balance 120.00 8th Mar Interest received 120
120.00 120
Cost of Sales A/c 511
31st
Mar
Total from cash
receipt journal 1,820.00 17th Mar Inventory returned 410.00
31st
Mar
Total from sales
journal 7,070.00 31st Mar Closing balance 8,480.00
8,890.00 8,890.00
Salary expense 531
31st
Mar
Total from cash
payment journal 1,100.00 31st Mar Closing balance 1,100.00
1,100.00 1,100.00
Electricity and Gas expense 541
25th
Mar Expesnes paid 380.00 31st Mar Closing balance 380.00
380.00 380.00
Accounts Receivable Subsidiary Ledger
DEBIT CREDIT
Date Details Amt. $ Date Details Amt. $
Canberra Associates (a)
9th Mar Sales on credit 6,250.00 19th Mar Cash received 6250.00
29th Mar Sales on credit 1,800.00 31st Mar Closing balance 1800.00
8,050.00 8050.00
JR Wakeland (b)
15th Mar Sales on credit 740.00 17th Mar Credit note issued 740.00
740.00 740.00

L E Wooten (c)
2nd Mar Sales on credit 2,350.00 12th Mar Cash received 2350.00
18th Mar Sales on credit 1,825.00 31st Mar Cash received 1825.00
4,175.00 4,175.00
Accounts Payable Subsidiary Ledger
DEBIT CREDIT
Date Details Amt. $ Date Details Amt. $
Delwood Plaza (a)
13th Mar Cash paid 5,900.00 3rd Mar Purchase on credit 5,900.00
31st Mar Closing balance 775.00 22nd
Mar
Purchased furniture on
credit 775.00
6,675.00 6,675.00
Houghton Supplies (b)
29th Mar Inventory returned 420.
00 13th Mar Purchase on credit 680.00
30th Mar Cash paid 680.00 28th Mar Purchase on credit 420.00
1,100.00 1,100.00
Jasper Sales (c)
31st Mar Closing balance 2,150.00 20th Mar Purchase on credit 2,150.00
2,150.00 2,150.00
Reconciliation of subsidiary Accounts Receivable Ledger with General Ledger Control
Account for Accounts Receivable
Account name Balance at month end
Canberra Associates (a) 1800.00
JR Wakeland (b) 0
L E Wooten (c) 0
Balance at month end 1800.00
as per Accounts Receivable Control Account in the General
Ledger 1,800.00

Reconciliation of subsidiary Accounts Payable Ledger with General Ledger Control
Account for Accounts payable
Account name Balance at month end
Delwood Plaza (a) 775.00
Houghton Supplies (b) 0
Jasper Sales (c) 2,150.00
Balance at month end 2925.00
as per Accounts Payable Control Account in the General
Ledger 2,925.00