The object of Exercise 7 is to complete a Cash Payments

Journal. Much of the workbook has been prepared for you to

facilitate your learning.
Menu
All you need to do is to analyse each payment and place the
amount in the appropriate columns i.e. if the details column
says telephone, then put the amount in the telephone column. Cash Payments Journal
Each column represents an account in the General Ledger.
Journal Entries
The worksheet will automatically total each column.

Column F is very thin. It will have either a asterisk (*) or a

question mark (?). This is to help you know whether you have
analysed all amounts correctly. A ? means you have made an To return to this instructions sheet, simple click
error in the AMOUNT. on the Instructions tab at bottom right corner
of your screen.
When you have completed the analysis on the Cash Payment
Journal, you should enter the respective column totals in the
Journal Entries sheet ensuring that you get debits and credits
the right way round.
nstructions sheet, simple click
s tab at bottom right corner
Exercise 7
Cash Payments Journal

Cash Payments Journal

Motor Staff
Vehicle Venue Recruitme Photocopi Travel & Repairs & Fundaisin
Date Chq Bank Payee Details (on Cheque Stubs) Creditors Salaries Phones Computer Exp. Postage Stationery Rent Hire nt er Lease Accom Renewals g Costs Other
2-Mar 281 24.00 Meridian Office Supplies Paper for Photocopier ?
3-Mar 282 100.00 L.Coble Telephone Expenses ?
4-Mar 283 5,020.00 Commisioner for Tax Jan and Feb Withholding Tax ?
5-Mar 284 40.00 D.James Mobile telephone bill ?
6-Mar 285 240.00 Gremel Computers Computer Monitor 17" ?
7-Mar 286 125.00 Australia Post Posting Statements to Customers ?
8-Mar 287 110.00 Meridian Office Supplies Photocopier Lease Payment ?
9-Mar 288 35.00 Australia Post Posting Promotional Fliers ?
10-Mar 289 125.00 Bunnings Hardware Repacement Padlocks ?
12-Mar 290 500.00 Brisbane Council Rent for March ?
14-Mar 291 50.00 Aus Post 100 Stamps ?
15-Mar 292 1,300.00 D.James Prizes for Fundraising ?
15-Mar 293 10,635.30 Commonwealth Bank Employee Remuneration ?
17-Mar 294 160.00 Brisbane Council Venue Hire for State Championship ?
18-Mar 295 150.00 Courier Mail News Advert for Receptionist Position ?
19-Mar 296 600.00 Excel Car Mechanics Payment of Account (Creditor) ?
20-Mar 297 400.00 Medibank Jan and Feb Deductions ?
21-Mar 298 300.00 Links Hotel Accommodation - Deposit ?
23-Mar 299 5,600.00 Qantas Team Airfares ?
24-Mar 300 80.00 Gremel Computers Cable Modem for Computer ?
26-Mar 301 250.00 Telstra Office Telephone ?
27-Mar 302 50.00 Aus Post 100 Stamps ?
28-Mar 303 50.00 Mobil Petrol for Van ?
29-Mar 304 1,000.00 ACME Canteen Supplies Payment of Account (Creditor) ?
30-Mar 305 1,758.50 Commonwealth Bank Employee Remuneration ?

28,702.80 ? 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Credit Bank A/c in

General Ledger
Debit all totals to respective General Ledger Accounts

Leo Isaac 2007

365472782.xls
Account Dr Cr
Accounts Payable Enter the total amounts from
Computer Expenses each column in your Cash
Fundaising Costs Payments Journal.
Medibank
Make sure you get your debits
Motor Vehicle Expenses
and credits right!
Photocopier Lease
Postage
Rent
Repairs & Renewals
Salaries
Staff Recruitment
Stationery
Taxation, Commissioner for
Telephones
Travel & Accommodation
Venue Hire
Bank
Totals 0.00 0.00
 mounts from
your Cash
nal.

get your debits

!