Solution 3: CDF Bookshop

No Account debited Account credited A OE L

1. Bank Capital +25 000 +25 000
2. Trade receivables Sales +2 400 +2 400
Cost of sales Trading inventory -1 920 -1 920
3. Drawings Bank -600 -600
4. Bank Trade receivables +500
-500
5. Trading inventory Trade payables +7 200 +7 200
6. Trading inventory Bank +420
-420
7. Wages Bank -900 -900
8. Bank Trade receivables +2 475
-2 500
Discount allowed -25
9. Trade payables Trading inventory -600 -600
10. Trading inventory Bank +4 950
-4 950
11. Bank Sales +2 100 +2 100
Cost of sales Trading inventory -1 680 -1 680
12. Drawings Stationery -100
+100
13. Trade payables Bank -3 300 -3 300
14. Bank Rent income +6 500 +6 500
15. Trade payables Bank -3 000 -3 500
Discount received +500
16. Debtors allowances Trade payables -400 -400
Trading inventory Cost of sales +320 +320
17. Telephone Bank -1 430 -1 430
18. Stationery Bank -800 -800
19. Equipment Trade payables +10 000 +10 000
20. Drawings Trading inventory -400 -400
21. Bank Services rendered +300 +300