Task

6 - General ledger workings only:

Prepare the general ledger accounts to determine the cash entries required for your cash flow statement. Note - dates are not required even
though there is a column for them.

Date

Date

Particulars
Balance b/d
Sales

Particulars
Bank
balance c/d

Accounts Receivable Control

$
Date
Particulars
39,670
Bad Debts
647,700
Bank
discount allowed
Balance c/d
687,370

Accounts Payable Control

$
Date
Particulars
237,970
Balance b/d
34690
Inventory (purchases)

$
3400
641,380 reciepts from customers
700
41,890
687,370

$
38,960
233,700

272,660

Date

Particulars
balance b/d
Accounts payable

272,660

Inventory
Date
46,000
233,700

Particulars

COGS
balance c/d

228,400
51,300

279,700

Date

Particulars
Bank
closing balance

Date

Particulars

279,700

Finance company loan

$
Date
Particulars
10,000
Opening balance
90,000
recieved
100,000

Drawings
balance c/d

Capital
Date
36,000
242,790

Particulars

$
50,000
50,000
100,000

Balance b/d
P&L
Bank

75,000
153,790
50,000
278,790

278790

Date

Particulars

Bank
Accrued Expenses

Date

Particulars

P&L
Income accrued

Salaries & Wages

Date
186,800
3,700
190,500

Particulars
Accrued expenses
Profit and loss

Commission Income
Date
Particulars
4,900
Income accrued
2,900
Bank
7,800

$
4,100
186,400
190,500

$
1,200
6,600
7,800

Bank
Date

Particulars
balance b/d
accounts receivable
Commission income
Capital
Finance company loan

Date
-91,810
641,380
6,600
50,000
50,000

656,170

Particulars
accounts payable
salaries and wages
drawings
General expenses
Insurance
Interest expense
finance company loan
motor vehicle
Balance c/d

$
237,970
186,800
36,000
61,910
11,200
4,800
10,000
37000
67,090

652,770