TS1303 Subsidiary ledgers

Created: 31/05/2017 | Review date: 31/05/2018 | Version: 2017

TS1303 Subsidiary ledgers

Test – Question book
Chinese name:
PINYIN:
English:
Class:
Student Number:
Time allowed for this Assessment:
Time allowed: 2 hours
Total marks
This assessment will contribute 80% to your final mark for this unit
Test conditions
Closed book
You are required to hand up both the question and answer booklets at the end of the test
Assessment conditions:
This test will be conducted under exam conditions and students are not permitted to speak to or copy
from other students.
Misconduct as stipulated in NMIT Student Discipline Rule (NMIT/IR/11) includes “Cheating, attempting to
cheat or knowingly assisting any other student to Cheat or attempt to cheat.”
You are required to answer the questions in the answer book.
Do not remove any staples or pages from either the question or answer books.
Electronic translation dictionaries, graphics calculators and mobile phones are not permitted.
For teacher use:

MELBOURNE POLYTECHNIC INTERNATIONAL PROGRAMS

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For teacher use:

Question Competent / Not yet competent Mark or NYC
a
b
c
d
e

A student will not receive a pass unless they are competent in every question in this Assessment

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Question
The following journals relate to transactions incurred by Rod Retailer for the month of July. Using
these journals, you are required to:

a) Post the journals to the general ledger.

b) Prepare a trial balance from the general ledger at the 31 July.
c) Post relevant journals to the debtors’ subsidiary ledger.
d) Post relevant journals to the creditors’ subsidiary ledger.
e) Prepare both debtors and creditors’ reconciliation schedules at 31 July.

Note: some ledgers already have balances in them from the previous month.

(26 + 2 + 5 + 5 + 2 = 40 Marks)

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CASH RECEIPTS JOURNAL
Date Particulars Rec. Discount Expense Debtors’ Cash Sundries Bank
No. Control Sales
Debtors Discount
control expense

July Sales CRS 2,000 2,000

4
7 L. Lipton 1411 40 40 2,000 2,000
8 T. Tips 1412 1,200 1,200
10 Sales CRS 2,500 2,500
14 N. Cave 1413 300 300
15 T. Tips 1414 20 20 1,000 1,000
20 Sales CRS 500 500
21 B. Ware 1415 400 400
24 Office 1416 1,000 1,000
Furniture
26 Dividends 1417 200 200
30 Capital 1418 1,000 1,000
TOTAL 60 60 4,900 5,000 2,200 12,10
0

CASH PAYMENTS JOURNAL

Date Particulars Chq. Discount Revenue Creditors’ Cash Sundries Bank
No. Control Purchases
Creditors Discount
control revenue

July Drawings 888 300 300

1
2 Purchases 889 500 500
4 Wages 890 500 500
8 C. Crisps 891 300 300
10 N. Grain 892 10 10 500 500
18 Wages 893 500 500
19 Stationery 894 200 200
20 Advertising 895 400 400
21 Purchases 896 600 600
TOTAL 10 10 800 1,100 1,900 3,800

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SALES JOURNAL
Date Debtors Tax Sales Debtors’ Control
Inv. No.
July 7 L. Lipton S114 700 700
10 T. Tips S115 200 200
15 L. Lipton S116 700 700
20 N. Cave S117 600 600
20 T. Tips S118 600 600
20 L. Lipton S119 1,000 1,000
TOTAL 3,800 3,800

PURCHASES JOURNAL
Date Creditors Tax Purchases Creditors’ Control
Inv. No.
July 3 C. Flakes P131 500 500
3 C. Crisps 840 800 800
3 N. Grain 1014 300 300
20 C. Flakes P1314 600 600
TOTAL 2,200 2,200

SALES RETURNS AND ALLOWANCES JOURNAL

Date Debtors Adj. Note Sales Returns Debtors’ Control
No.

July 9 L. Lipton C71 100 100

22 N. Cave C72 150 150
TOTAL 250 250

PURCHASE RETURNS AND ALLOWANCES

Date Creditors’ Adj. Note Purchase Returns Creditors’ Control
No.

July 5 C. Flakes N159 120 120

7 C. Crisps 3801 50 50
TOTAL 170 170

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GENERAL JOURNAL
Date Particulars Debit Credit
July Drawings 100
12
Purchases 100
Drawings of stock (Adj. Note C73)
25 Office Equipment 3,000
Sundry Creditor – MS Computers 3,000
Purchase of office equipment on credit (Tax Inv.
2568)
30 Bad Debts 200
Debtors Control 200
Trade Debtor B. Ware written off as bad debt
(Adj.
Note C74)

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