CHAPTER 36 The General Journal

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CHAPTER 36 The General Journal 26/05/2019 CHAPTER 36 The General Journal Based on Qs 4, 6 and 12 pages 328 and 329 in the Textbook This is the Title Slide R. DELANEY

R. Delaney The General Journal The general journal shows which accounts are debited and credited for particular transactions. Summary of Rules Debit assets and credit liabilities Debit items received and credit items given Debit the receiver and credit the giver of goods or money Debit expenses and credit gains

Q4 General Journal of Maloney Ltd Date Details F Dr Cr € € 1/4/10 R. Delaney Q4 General Journal of Maloney Ltd Date Details F Dr Cr € € 1/4/10 L Lawler Ltd A/C DL1 2,500 Equipment A/C GL1 2,500 Being the credit sale of equipment to Lawler Ltd 5/5/10 Equipment A/C GL1 8,500 Equipit Ltd A/C CL1 8,500 Being the credit purchases of equipment from Equipit Ltd 8/4/10 Equipment A/C GL1 7,800 S. Slone Ltd A/C CL2 7,800 Being the credit purchases of equipment from S. Slone Ltd 9/4/10 Dumpit Ltd A/C DL2 1,000 Equipment A/C 1,000 Being the credit sale of equipment to Dumpit Ltd

Q4(cont) Q4 (cont) Debtors Ledger L. Lawler Ltd A/C (1) Date Details F R. Delaney Q4(cont) Q4 (cont) Debtors Ledger L. Lawler Ltd A/C (1) Date Details F € Date Details F € 1/4/10 Equipment A/C GJ1 2,500 Dumpit Ltd A/C (2) Date Details F € Date Details F € 9/4/10 Equipment A/C GJ1 1,000

Q4(cont) Q4 (cont) Creditors Ledger Equipit Ltd Ltd A/C (1) Date R. Delaney Q4(cont) Q4 (cont) Creditors Ledger Equipit Ltd Ltd A/C (1) Date Details F € Date Details F € 5/4/10 Equipment A/C GJ1 8,500 S. Slone Ltd A/C (2) Date Details F € Date Details F € 8/4/10 Equipment A/C GJ1 7,800

Q4 (cont) General Ledger Equipment A/C (1) Date Details F € Date R. Delaney Q4 (cont) General Ledger Equipment A/C (1) Date Details F € Date Details F € 5/4/10 Equipit Ltd GJ1 8,500 1/4/10 L. Lawler Ltd GJ1 2,500 8/4/10 S. Slone Ltd GJ1 7,800 9/4/10 Dumpit Ltd GJ1 1,000 30/4/10 Balance c/d 12,800 16,300 16,300 1/5/10 Balance b/d 12,800

Q6 General Journal Date Details F Dr Cr 1/1/11 € € Equipment GL1 R. Delaney Q6 General Journal Date Details F Dr Cr 1/1/11 € € Equipment GL1 35,000 Land GL2 100,000 Debtor: D Dunne Ltd DL1 40,000 Bank CB1 12,000 Creditor: C. Clarke Ltd CL1 35,000 Ordinary Share Capital GL3 152,000 Being the assets, liabilities and capital at 1/1/11 187,000 187,000

Q4(cont) Q4 (cont) General Ledger Ledger Equipment A/C (1) Date R. Delaney Q4(cont) Q4 (cont) General Ledger Ledger Equipment A/C (1) Date Details F € Date Details F € 1/1/11 Balance GJ1 35,000 Land A/C (2) Date Details F € Date Details F € 1/1/11 Balance GJ1 100,000

Q4(cont) Q4 (cont) General Ledger Ledger Capital A/C (3) Date Details R. Delaney Q4(cont) Q4 (cont) General Ledger Ledger Capital A/C (3) Date Details F € Date Details F € 1/1/11 Balance GJ1 152,000 Cash Book (Dr side bank column only) Date Details F € Date Details F € 1/1/11 Balance GJ1 12,000

Q4(cont) Q4 (cont) Creditors Ledger Ledger C. Clarke A/C (1) Date R. Delaney Q4(cont) Q4 (cont) Creditors Ledger Ledger C. Clarke A/C (1) Date Details F € Date Details F € 1/1/11 Balance GJ1 35,000

Q12 General Journal of “X” Ltd Date Details F Dr Cr 1/2/10 Bank CB1 R. Delaney Q12 General Journal of “X” Ltd Date Details F Dr Cr 1/2/10 Bank CB1 €160 Bad debts GL1 €640 K. Kehoe Ltd DL1 €800 Being a bad debt written off

Q4 (cont) Q12(cont) Cash book bank column Cr side General Ledger Date R. Delaney Q4 (cont) Q12(cont) Cash book bank column Cr side Date Details F € Date Details F € 1/2/10 K. Kehoe Ltd GJ1 152,000 General Ledger Bad debts A/C (1) Date Details F € Date Details F € 1/2/10 K. Kehoe Ltd GJ1 12,000

Q12(cont) Debtors Ledger K. Kehoe A/C (1) Date Details F € Date R. Delaney Q12(cont) Debtors Ledger K. Kehoe A/C (1) Date Details F € Date Details F € 1/1/10 Balance 800 1/2/10 Bank GJ1 160 _____ 1/2/10 Bad debts GJ1 640 800 800