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Posting From CRJ To Ledger Example & Activity

This document provides an example of posting transactions from a Cash Receipts Journal to ledgers. It shows receipts recorded in the Cash Receipts Journal for various revenue accounts like Sales, Service Fees, and Rent Revenue. These amounts are then posted to the relevant ledger accounts - Sales, Service Fees Revenue, Rent Revenue, Cash at Bank, and Sundry Accounts. Exercises are provided to have the reader practice entering transactions in journals and posting to ledgers.

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Janice Baltor
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127 views2 pages

Posting From CRJ To Ledger Example & Activity

This document provides an example of posting transactions from a Cash Receipts Journal to ledgers. It shows receipts recorded in the Cash Receipts Journal for various revenue accounts like Sales, Service Fees, and Rent Revenue. These amounts are then posted to the relevant ledger accounts - Sales, Service Fees Revenue, Rent Revenue, Cash at Bank, and Sundry Accounts. Exercises are provided to have the reader practice entering transactions in journals and posting to ledgers.

Uploaded by

Janice Baltor
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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TERM 3 2020: Lesson 1

JOURNALS TO LEDGERS
Posting to the journal from the Cash Receipts Journal
Example:

B. Davies
Cash Receipts Journal P101
Date Receipt Particular Folio Details Bank Sales Service Other
no s fees receipts
revenue
2005 Dr Cr Cr Cr
Mar 1 27 F Nixon 800 800
11 28 G Law 1,000 1,000
16 CRS Sales 5,067 5,067
29 T Green 3104.1 2,000 7,067 2,000
23 CRS Sales 1,463 1,463
31 Rent 1106 1,500 1,500
Revenue
11,830 6,530 1,800 3,500
(3103) (1101) (1102)

The Cash Receipts Journal will be posted as follows:

B Davies
Dr Ledger Cr
Date Particular Folio Amount Date Particular Folio Amount
s s
2005 2005
Revenue Accounts
Sales 1101
Mar 31 Cash CR101 6,530
Service Fees Revenue 1102
Mar 31 Cash CR101 1,800
Rent Revenue 1106
Mar 16 Cash CR101 1,500
Asset Accounts
Cash at Bank
3103
Mar 31 Sundry CR101 11,830
accounts
T Green
3104.1

1
Mar 16 Cash CR101 2,000

EXERCISE

1. Enter the following weekly transactions in the journal of M Sanderson, a painter, and
post it to the ledger.

2005

Oct 1 Received $800 for services performed , receipt no 10

Received $1,000 from W Hall for services performed in August, receipt no 11.

2 Received $400 for services performed, receipt no 12

3 Received $25 commission for the recommendation of another painter, for a job,
receipt no 13

4 Received $1,500 from N Smith For services performed in September, receipt no 14

5 Performed services for cash $200, receipt no 15

2. From the following transactions of S Paki a dentist, enter the transactions in the
appropriate journal and then post to the ledger.

Receipt Receipt
No 42 1 April 2005 No 43 6 April 2005
Received from Cash Received from S Smith
For Services Performed For Rent
$200 $200

Receipt Receipt
No 44 8 April 2005 No 45 8 April 2005
Received from J Baxter Received from Cash
For Payment Account For Services Performed
$500 $1,000

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