Financial Transactions of General Carpet Cleaners of Mr R Roussouw Assignment

Assignment Task

Description of Transaction

1. Mr R Roussouw withdraws R130 000 out of his personal account and deposits this into General Carpet Cleaner's Bank Account.

2. General Carpet Cleaners enters into an agreement with CDE Bank for a loan of R25000, which can be paid back over a period of more than one year. This amount is paid into General Carpet Cleaner's bank account. 

3. General Carpet Cleaners purchases equipment from Hyper Market in the amount of R100 000 and pay per chequel 

4. General Carpet Cleaners purchases furniture from Joshua Door on credit in the amount of R2000,

5. General Carpet Cleaners pays Joshua Door's account of R2000.

6. The owner withdraws R1 000 for personal use.

7. General Carpet Cleaners provided a service to a client, S Kroon, and receives a cheque of R1000. 

8. General Carpet Cleaners pays wages R800,

9. General Carpet Cleaners provides a service on credit to C Uys in the amount of R6000.

Required

General Carpet Cleaners places an advert in the local newspaper for R200. Payment is only due in 30 days. CPJ C Uys pays part of the account, R2 000.

a) Post the transactions to the following general ledger accounts.

b) Balance all the general ledger accounts. 

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