Detailed Analysis of Accounting Journals and Ledger Accounts

This assignment solution provides a complete set of accounting journals and ledgers, including cash receipts, cash payments, sales, purchase, and general journals. It meticulously details each transaction, from sales and purchases to cash receipts and payments, with proper referencing and posting to the general ledger. The solution includes the creation of new accounts and the use of subsidiary ledgers for accounts receivable and payable, demonstrating a strong understanding of accounting principles and practices. The assignment covers various aspects of financial accounting, such as sales returns, discount received, and the reconciliation of subsidiary ledgers with control accounts, offering a comprehensive overview of the accounting cycle for the given period.

Cash Receipts Journal
Date Account
Post
Refere
nce
No.
Debit ($) Credit ($)
Cash
at
Bank
Cost
of
Sales
Disco
unt
Allow
ed
Expe
nse
Accoun
ts
Receiv
able
Invent
ory
Sales
Reve
nue
Other
Accou
nts
M
ar 4
Sales
revenue 411
3,410.0
0
1,820.
00 1820
3,410.
00
M
ar 8
Interest
revenue 419 120.00 120.00
M
ar
1
2
LE
Wooten 112 (iii)
2,303.0
0 47.00
2,350.0
0
M
ar
1
9
Canberra
Associate
s 112 (i)
6,125.0
0
125.0
0
6,250.0
0
M
ar
2
4 Supplies 116 80.00 80.00
M
ar
3
1
LE
Wooten 112 (iii)
1,825.0
0
1,825.0
0
Total
13,863
.00
1,820
.00
172.0
0
10,425
.00
1,820.
00
3,410
.00
200.0
0
Total of
Debit 15,855
Total of
Credit 15,855
Date
Mar
Mar
Mar
Mar
Mar
Mar
Mar
Total
*New created
Date

Mar
Mar
Mar
Mar
Mar
Total
Purchase Journal
Date Ac
Mar 3 Delwood Pla
Mar 20 Jasper Sales
Mar
28 Houghton Su
Total
Total of Deb
Total of Cred
Date
Mar
Mar
Mar
Mar

Mar
General Ledger
Cash a
Date
Mar
Accounts R
Date
Mar
Supp
Date
Mar
Prepaid I
Date
Mar
Inve
Date
Mar
Mar
Mar
Furn
Date
Mar
Mar
Accounts

Date
Mar
Mar
Mar
Sales R
Date
Mar
Sales
Date
Mar
Sales Returns
Date
Mar
Discoun
Date
Mar
Interest
Date
Mar
Cost o
Date
Mar
Mar
Salary
Date
Mar
Electricity an
Date
Mar

*New account created.
Accounts receivable Subsidiary Ledger
Canberra Associates (
Date Deta
Mar 9 Credi
Mar 29 Credi
JR Wakeland (ii)
Date Deta
Mar 15 Credi
LE Wooten (iii)
Date Deta
Mar 2 Credi
Mar 18 Credi
Accounts payable Subsidiary Ledger
Delwood Plaza (i)
Date Details
Mar 13 Cash pa
Mar 31 Closing
Houghton Supplies (ii)
Date Details
Mar 29 Invento
Mar 30 Cash pa
Jasper Sales (iii)
Date Details
Mar 31 Closing

Account name
Balance at month
end ($)
Canberra Associates (i) 1,800.00
JR Wakeland (ii) -
LE Wooten (iii) -
Balance at month end 1,800.00
As per Accounts Receivable Control Account in the General
Ledger 1,800.00
Account name
Balance at month
end ($)
Delwood Plaza (i) 775.00
Houghton Supplies (ii) -
Jasper Sales (iii) 2,150.00
Balance at month end 2,925.00
As per Accounts Payable Control Account in the General
Ledger 2,925.00