1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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