Project 2 Look at the transactions. They represent an organisation’s trading activities for March 20

 
   

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Project 2
Look at the transactions. They represent an organisation’s trading activities for March 20XX. Date – Description – Amount – Account

4/3/XX Filled car with fuel—paid cash 32.80 – Motor vehicle expenses

5/3/XX Cash sale – 156.99 – Sales

6/3/XX Invoice sale (R Smith) -1,999.00 – Accounts Receivable

6/3/XX Cash sale – 1,899.00 – Sales
6/3/XX Copy paper—paid cash – 11.50 – Stationery

11/3/XX Filled car with fuel—paid cash -28.50 – Motor vehicle expenses
11/3/XX Cash sale – 1,275.00 – Sales
13/3/XX Copy paper—paid cash – 11.50 – Stationery

13/3/XX Invoice sale (W Jones) – 3,450.00 – Accounts Receivable

17/3/XX – Filled car with fuel—paid cash – 31.75 – Motor vehicle expenses
19/3/XX – Cash sale – 64.99 -Sales

20/3/XX – Rent—paid cash -350.00 -Rent

25/3/XX -Filled car with fuel—paid cash -18.25 -Motor vehicle expenses

26/3/XX Cash sale- 1,999.00 -Sales

28/3/XX Interest received – 1.89 -Interest

28/3/XX – Payment received for invoice sale – 3,450.00 -Accounts Receivable

2) Prepare the general ledger entries using the worksheet.

3) Prepare a debtors ledger

4) Prepare the trade debtors schedule

5) Prepare a trial balance for the accounts