Question

Cross Pty Ltd uses special journals.

Use your knowledge of the accounting cycle and the information in the following Purchases and Cash Payments Journals to complete all questions.

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 01/06/16).

Purchases Journal (P1)

Date	Account Credited	Terms	Post Ref	Accounts Payable	Inventory	GST
08/06/16	Powder Coat Supplies	Nil	T	22000	20000	2000
15/06/16	Nuts and Bolts	Nil		11000	10000	1000
Total				33000	30000	3000

Cash Payments (CP1)

Date	Account Debited	Post Ref	Accounts Payable	Cash at Bank
10/06/16	Nuts and Bolts		15000	15000
15/06/16	Powder Coat Supplies	T	12000	12000
Total			27000	27000

The "T" in the Post Ref column means: Answerthe transaction has been posted to the subsidiary ledgerthe transaction has been posted to the general and subsidiary ledgersthe transaction has been checked to ensure it balancesinventory records have been updated

Complete the following Subsidiary Ledger for Nuts and Bolts

Subsidiary Ledgers

Nuts and Bolts
Date	Explanation	Ref	Dr	Cr	Balance
01/06/16	Opening Balance				25000
10/06/16		CP1	15000		Answer Here
Answer		Answer Here		Answer Here	Answer Here
Closing Balance					Answer Here

The normal balance for Cash at Bank is: AnswerDrCr

An increase to Cash at Bank will be a: AnswerDrCr

A decrease to Cash at Bank will be a: AnswerDrCr

Complete the General Ledger for Cash at Bank

General Ledger

Cash At Bank			Account No.101
Date	Explanation	Ref	Dr	Cr	Balance
01/06/16	Opening Balance				20000
30/06/16		CR1	40000		Answer here
Answer		Answer here		Answer here	Answer here
Closing Balance					Answer here

The normal balance for Accounts Payable is: Answer Dr or Cr

An increase to Accounts Payable will be a: AnswerDr or Cr

A decrease to Accounts Payable will be a: AnswerDr or Cr

Complete the General Ledger for Accounts Payable

Accounts Payable			Account No.202
Date	Explanation	Ref	Dr	Cr	Balance
01/06/16	Opening Balance				35000
30/06/16		P1		Answer Here	AnswerHere
30/06/16		AnswerHere	AnswerHere		AnswerHere
Closing Balance					AnswerHere

Answer 1

Nuts and Bolts
Date	Explanation	Ref	Dr		Cr		Balance
01/06/16	Opening Balance				25000		25000
10/06/16		CP1	15000				10000
15/06/16		P1			11000		21000
Closing Balance					21000		21000

General Ledger

Cash At Bank			Account No.101
Date	Explanation	Ref	Dr	Cr	Balance
01/06/16	Opening Balance		20000		20000
30/06/16		CR1	40000		60000
10/06/16 15/06/2016		CP1		27000	33000
Closing Balance			33000		33000

Accounts Payable			Account No.202
Date	Explanation	Ref	Dr	Cr	Balance
01/06/16	Opening Balance				35000
30/06/16		P1		33000	68000
30/06/16		CP1	27000		41000
Closing Balance				41000	41000