Question

Activity 9

• On the 3^rd February this year the business received a stationery order—invoice no. 63957 for $75.96—from the Office Shop. On the 4^th February, the business sold a garden setting to TR Brown for $153.95. Invoice no. 73958.

  Complete the journal entries:

  Office supplies

  Date	Docket	Details	Debit	Credit	Balance
  1 Feb XX		Opening Balance			1,408.54

  Trade creditors

  Date	Docket	Details	Debit	Credit	Balance
  1 Feb XX		Opening Balance			0.00

  Sales

  Date	Docket	Details	Debit	Credit	Balance
  1 Feb XX		Opening Balance			11,983.45

  Debtors

  Date	Docket	Details	Debit	Credit	Balance
  1 Feb XX		Opening Balance			986.32

Answer 1

Ledger accounts:

Office supplies

Date	Invoice no.	Details	Debit	Credit	Balance
1 Feb		Opening balance			$1,408.54
3 Feb	63957	Stationery	$75.96		$1,484.5

Trade creditors

Date	Invoice no.	Details	Debit	Credit	Balance
1 Feb		Opening balance			0.00
3 Feb	63957	Stationery		$75.96	($75.96)

Sales

Date	Invoice no.	Details	Debit	Credit	Balance
1 Feb		Opening Balance			($11,983.45)
4 Feb	73958	TR Brown		$153.95	($12,137.4)

Debtors

Date	Invoice no.	Details	Debit	Credit	Balance
1 Feb		Opening balance			$986.32
4 Feb	73958	TR Brown	$153.95		$1,140.27