Question

You employed a trainee to fill in for you whilst you were on holidays. Upon your return you discovered that whilst the special journals were completed there were no postings to the subsidiary and general ledgers.

You must now post the following Purchases and Cash Payments Journals into the Subsidiary and General Ledgers.

All answers are numbers which consist only of the digits 0 to 9. Symbols or punctuation marks should NOT be incorporated in answers. The only exception is dates which should be in the format dd/mm/yy - 2 digits for the day, month and year (eg 01/06/20).

Purchases Journal (P1)

Date	Account Credited	Terms	Post Ref	Accounts Payable	Inventory	GST
05/06/20	Ajax Supplies	Nil		16500	15000	1500
Total				16500	15000	1500

Cash Payments (CP1)

Date	Account Debited	Post Ref	Accounts Payable	Cash at Bank
10/06/20	Ajax Supplies		15300	15300
20/06/20	Ajax Supplies		13000	13000
Total			28300	28300

Subsidiary Ledgers

Ajax Supplies
Date	Explanation	Ref	Dr	Cr	Balance
01/06/13	Opening Balance				28300
Answer		Answer		Answer	Answer
Answer		Answer	Answer		Answer
Answer		Answer	Answer		Answer
Closing Balance					Answer

General Ledger

Cash At Bank			Account No.101
Date	Explanation	Ref	Dr	Cr	Balance
01/06/20	Opening Balance				19500
30/06/20		CR1	39800		Answer
Answer		Answer		Answer	Answer
Closing Balance					Answer

Inventory			Account No.120
Date	Explanation	Ref	Dr	Cr	Balance
01/06/20	Opening Balance				57000
30/06/20		S1		35000	Answer
Answer		Answer	Answer		Answer
Closing Balance					Answer

Accounts Payable			Account No.202
Date	Explanation	Ref	Dr	Cr	Balance
01/06/20	Opening Balance				28300
Answer		P1		Answer	44800
Answer		Answer	Answer		Answer
Closing Balance					Answer

Answer 1

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Subsidiary Ledgers
Ajax Supplies
Date	Explanation	Ref	Dr	Cr	Balance
01-06-2020	Opening Balance				$     28,300
05-06-2020		P1		$   16,500	$     44,800
10-06-2020		CP1	$                     15,300		$     29,500
20-06-2020		CP1	$                     13,000		$     16,500
Closing Balance					$     16,500
General Ledger
Cash At Bank			Account No.101
Date	Explanation	Ref	Dr	Cr	Balance
01-06-2020	Opening Balance				$     19,500
30-06-2020		CR1	$                     39,800		$     59,300
30-06-2020		CP1		$   28,300	$     31,000
Closing Balance					$     31,000
Inventory			Account No.120
Date	Explanation	Ref	Dr	Cr	Balance
01-06-2020	Opening Balance				$     57,000
30-06-2020		S1		$   35,000	$     22,000
30-06-2020		P1	$                     15,000		$     37,000
Closing Balance					$     37,000
Accounts Payable			Account No.202
Date	Explanation	Ref	Dr	Cr	Balance
01-06-2020	Opening Balance				$     28,300
30-06-2020		P1		$   16,500	$     44,800
30-06-2020		CP1	$                     28,300		$     16,500
Closing Balance					$     16,500