AAT322E Tut 3

Tutorial 3: Exercise 1 page 2 Ex 1

GENERAL LEDGER Pg 2
REQUIRED:
1 The below balances appeared on 1 October 20..
Vehicles B1 180,000 Fee Income N1 52,000
Bank B2 24,680 Stationery N2 8,700
Debtors/Client Control B3 5,600 Entertainment N3 350
Vat control B4 10,735 Salaries N4 33,000
Creditors B5 2,400 Building maintenance N5 12,900
wages N6 22,000
2 Post the Business Cash Book, General & Fee Journals (see pg 1) of ABC Attorneys for the month of
October 20.. to the General Ledger accounts provided.
DR CR
Date Details Folio R c Date Details Folio R c
BALANCE SHEET SECTION
VEHICLES B1
10-Oct Creditor: Meyers Motor R83,000

BANK B2
1- 0ct Balance b/d R24,680 08- 0ct Entertainment R285
19 Debtor Love/ Vat R345 19 Rent/ Expense R4,025
22 Debtor Hope R5,200 23 Wages R5,000
31 Salaries R20,000
R30,225 bal c/d R912
bal c/d R912 R30,225
DEBTORS B3
1-Oct Fee Income/ Vat R5,750 22-Oct Bank R5,200
8 Fee Income/Vat R11,500 bal c/d R12,050
R17,250 R17,250
bal c/d R12,050
VAT CONTROL B4
10-Oct Creditor: Meyers Motor R12,450 01- 0ct Debtor: Hope R750
19 Rent Expense R525 8 Debtor: Faith R1,500
28 Creditor: PNA stationaries R420 19 Debtor: Love R45
bal c/d R11,100
R13,395 R13,395
bal c/d R11,100
AAT322E Tut 3
Tutorial 3: Exercise 1 page 3 Ex 1
Pg 3
CREDITORS B5
10-Oct Vehicle/ Vat R95,450
28-Oct Stationery R3,200
R98,650

NOMINAL ACCOUNTS SECTION

FEE INCOME N1
1-Oct Debtor: Hope R5 00
8 Debtor: Faith R10,000
19 Debtor: Love R300
R15,300

STATIONERY N2
28-0ct Creditor: PNA Stationeries R2,800

ENTERTAINMENT N3
8-Oct Bank R285

SALARIES N4
31-Oct Bank R20,000

BUILDING MAINTENANCE N5
19-Oct Bank R3,500

WAGES N6
22-Jan Bank R5,000
AAT322E Tut 3
Tutorial 3: Exercise 1 page 1 Ex 1
ABC ATTORNEYS Pg 1
BUSINESS CASH BOOK FOR OCTOBER 20..
Fee VAT
Date Rec Receipts fol Sundries Debtors VAT Input Income Bank Date Chq Payments Fol Sundries Output Wages Bank
1 Balance b/d 24680 24680 8 517 Entertainment 285 285
212 Client: Hope 750 5000 5750 19 518 Building maintenance 3500 525 4025
19 213 Client: Love 45 300 345 23 519 Wages 5000 5000
22 214 Debtor Client: Hope 5200 5200 31 520 Salaries 20000 20000

total Bank 29310

Balance c/d 6665 6665
24680 0 795 5300 35975 30450 525 5000 35975
1 Balance b/d 6665 6665

ABC Attorneys
General Journal - October Debit Credit Fees Journal - October Debit Credit
10 Vehicles 83,000 1 Debtor: Hope 5750
Vat Control (Input) 12,450 Fee Income 5000
Creditors: Meyers Motors 95,450 VAT Control (Output) 750
Purchased a Vehicle on credit Services
28 Stationery 2800 8 Debtor: Faith 11500
VAT Control (Input) 420 Fee Income 10000
Creditors: PNA Stationers 3200 VAT Control (Output) 1500
Stationery purchased on account Third party case
19 Debtor: Love 345
Fee Income 300
VAT Control (Output) 45
Drafting of will
AAT322E Tut 3
Tutorial 3: Exercise 2 page 4 Ex 2
TRIAL BALANCE Pg 4

The following balances and totals have been taken from the General Ledger of Awesome Attorneys
as at 31 December 20...
Capital 18805 Insurance 4300
Wages 5200 Telephone 2450
Water and Electricity 2551 Vehicles 12600
Fee Income 45000 Bank DR 23592
Drawings 6800 Rent Income 2200
Debtors Control ??? Creditors control 4983
Salaries 15000 Stationery 3200
Loan 20000 VAT Control 1800
Equipment 8795
REQUIRED
1. Compile the Trial Balance of Awesome Attorneys as at 31 December 20..
Please note that you are expected to calculate the amount for Debtors control account

Ensure that you use the correct format and that accounts are classified in the
correct section and amounts entered on either the debit or credit side.

**** Use your ESKIMO RHYME to help you!

TRIAL BALANCE OF AWESOME ATTORNEYS AS AT 31 DECEMBER 20..

DR CR
Balance Sheet Section
Capital R18,805
Drawings R6,800
Debtors Control R8,300
Bank R23,592
Equipment R8,795
Loan R20,000
Creditors Control R4,983
VAT control R1,800
Vehicle R12,600

Nominal Section
Fee Income R45,000
Rent Income R2,200
Wages R5,200
Water & Electricity R2,251
Insurance R4,300
Telephone R2,400
Salaries R15,000
Stationery R3,200
R92,788 R92,788