Sales N1

2016 5 Bank 350,000.00

March 7 Debtors 80,000.00
18 Debtors 420,000.00
850,000.00

Cost Of Sales N2
2016 5 Inventory 150,000.00
March 7 Inventory 35,000.00
18 Inventory 182,000.00
367,000.00

Wages N3
2016 8 Bank 15,000.00
March

Stationery N4
2016 2 Bank 5,000.00
March
Trial Balance of Abrahams Traders on 31 March 2016

Details Folio Debit Credit

Balance Sheet Section

Capital B1 600,000.00
Bank B2 530,000.00
Motor Vehicles B3 200,000.00
Inventory B4 560,000.00
Office Furniture B5 19,550.00
Debtors B6 500,000.00
Creditors B7 746,550.00

Nominal Section
Sales N1 850,000.00
Cost Of Sales N2 367,000.00
Wages N3 15,000.00
Stationary N4 5,000.00

2,196,550.00 2,196,550.00
Q2

General Ledger of Scott Wholesalers

DR
Capital
2013 1 Bank
Jan

Bank
2013 1 Capital 150,000.00 2013 9 Wages
Jan 11 Sales 35,000.00 Jan 13 Inventory
28 Debtors 25,000.00 19 Donations
23 Advertising

31 Balance c/d
210,000.00
Feb 1 Balance b/d 196,885.00

Inventory
2013 2 Creditors 155,000.00 2013 7 Cost of Sales
Jan 13 Bank 10,500.00 Jan 11 Cost of Sales

31 Balance c/d
165,500.00
Feb 1 Balance b/d 129,500.00

Office Furniture
2013 2 Creditors 25,000.00
Jan

Debtors
2013 7 Sales 25,000.00 2013 28 Bank

Creditors
2013 2 Office Furniture
Jan Inventory
15 Repairs

Sales
2013 7 Debtors
Jan 11 Bank
 Cost Of Sales
2013 7 Inventory 15,000.00
Jan 11 Inventory 21,000.00
36,000.00

Wages
2013 9 Bank 2,500.00
Jan

Repairs
2013 15 Creditors 185.00
Jan

Donations
2013 19 Bank 15.00
Jan

Advertising
2013 23 Bank 100.00
Jan
 CR
B1
150,000.00

B2
2,500.00
10,500.00
15.00
100.00

196,885.00
210,000.00

B3
15,000.00
21,000.00

129,500.00
165,500.00

B4

B5
25,000.00

B6
25,000.00
155,000.00
185.00
180,185.00

N1
25,000.00
35,000.00
60,000.00

N2

N3

N4

N5

N6
Trial Balance of Scott Wholesalers on 31 January 2013

Details Folio Debit Credit

Balance Sheet Section

Capital B1 150,000.00
Bank B2 196,885.00
Inventory B3 129,500.00
Office Furniture B4 25,000.00
Debtors B5 -
Creditors B6 180,185.00

Nominal Section
Sales N1 60,000.00
Cost Of Sales N2 36,000.00
Wages N3 2,500.00
Repairs N4 185.00
Donations N5 15.00
Advertising N6 100.00

390,185.00 390,185.00
QUESTION 3

General Ledger of Ducksberry Stores

DR CR
Capital B1
2014 2 Bank 80,000.00
March

Bank B2
2014 2 Capital 80,000.00 2014 10 Wages 1,763.00
March 18 Debtors 10,000.00 March 15 Inventory 25,100.00
19 Creditors 40,000.00
25 Drawings 180.00
27 Telephone 156.00
27 Muncipal Charges 110.00
30 Creditors 30,000.00

31 Balance c/d 7,309.00

97,309.00 97,309.00
Februar 1 Balance b/d 7,309.00

Creditors B3
2014 19 Bank 40,000.00 2014 4 Inventory 50,000.00
March 30 Bank 30,000.00 March 4 Equipment 20,000.00
16 Equipment 1,750.00
23 Furniture 775.00

31 Balance c/d 2,525.00

72,525.00 72,525.00
Februar 1 Balance b/d 2,525.00

Inventory B4
2014 4 Creditors 50,000.00 2014 7 Cost Of Sales 4,000.00
March 15 Bank 25,100.00 March

31 Balance c/d 71,100.00

75,100.00 75,100.00
February 1 Balance b/d 71,100.00

Equipment B5
2014 4 Creditors 20,000.00
March 16 Creditors 1,750.00
21,750.00

Debtors B6
2014 7 Sales 10,000.00 2014 18 Bank 10,000.00
March March
Dr Cr
Drawings B7
2014 25 Bank 180.00
March

Furniture B8
2014 23 Creditors 775.00
March

Sales N1
2014 7 Debtors 10,000.00
March

Cost Of Sales N2
2014 7 Inventory 4,000.00
March

Wages N3
2014 10 Bank 1,763.00
March

Telephone N4
2014 27 Bank 156.00
March

Muncipal Charges N5
2014 27 Bank 110.00
March
Trial Balance of Ducksberry on 31 March 2014

Details Folio Debit Credit

Balance Sheet Section

Capital B1 80,000.00
Bank B2 7,309.00
Creditors B3 2,525.00
Inventory B4 71,100.00
Equipment B5 21,750.00
Drawings B6 180.00
Debtors B7 -
Furniture B8 775.00

Nominal Section
Sales N1 10,000.00
Cost Of sales N2 4,000.00
Wages N3 1,763.00
Telephone N4 156.00
Muncipal Charges N5 110.00
99,834.00 99,834.00
QUESTION 4

General Ledger of Pono Wholesalers

DR
Capital
2016 1 Bank
Feb 18 Bank

Bank
2016 1 Capital 50,000.00 2016 21 Creditors
Feb 2 Loan: ABC Bank 10,000.00 Feb 26 Inventory
15 Sales 7,500.00 29 Drawings
18 Capital 14,000.00 balance c/d
27 Debtors 2,000.00

83,500.00
Mar 1 balance b/d 48,500.00

Loan: ABC Bank

2016 2 Bank
Feb

Creditors
2016 21 Bank 5,000.00 2016 5 Inventory
Feb 29 balance c/d 10,000.00 Feb
15,000.00
Mar 1 balance b/d

Inventory
2016 5 Creditors 15,000.00 2016 15 Cost of sales
Feb 26 Bank 20,000.00 Feb 22 Cost of sales
29 Balance c/d
35,000.00
Mar 1 Balance b/d 29,000.00

Debtors
2016 22 Sales 4,000.00 2016 27 Bank
Feb Feb 29 Balance c/d
4,000.00
Mar 1 Balance b/d 2,000.00

Dr
Drawings
2016 29 Bank 10,000.00
Feb 10,000.00
 Sales
2016 15 Bank
Feb 22 Debtors

Cost Of Sales
2016 15 Inventory 4,000.00
Feb 22 Inventory 2,000.00
6,000.00
 CR
B1
50,000.00
14,000.00
64,000.00

B2
5,000.00
20,000.00
10,000.00
48,500.00

83,500.00

B3
10,000.00

10,000.00

B4
15,000.00

15,000.00
10,000.00

B5
4,000.00
2,000.00
29,000.00
35,000.00

B6
2,000.00
2,000.00
4,000.00

Cr
B7
 N1
7,500.00
4,000.00
11,500.00

N2
Trial Balance of Pono Wholesalers on 28 February 2016

Details Folio Debit Credit

Balance Sheet Section

Capital B1 64,000.00
Bank B2 48,500.00
Loan: ABC Bank B3 10,000.00
Creditors B4 10,000.00
Inventory B5 29,000.00
Debtors B6 2,000.00
Drawings B7 10,000.00

Nominal Section
Sales N1 11,500.00
Cost of sales N2 6,000.00

95,500.00 95,500.00 -