Module 4 I Directions Post The Following Transactions Of Quana Trading To The General Ledger And Prepare Subsidiary Le 1 (83.27 KiB) Viewed 37 times
Module 4 I Directions Post The Following Transactions Of Quana Trading To The General Ledger And Prepare Subsidiary Le 2 (85.09 KiB) Viewed 37 times
Module 4 I. Directions: Post the following transactions of Quana Trading to the General ledger and prepare subsidiary ledgers of various accounts for the month of September 201C. Sept. 02 Collected cash from PAU Merchandising Php 25,000 from previous month balance of Php 35,000. Sept. 03 Purchase merchandise from BOI Trading Php 120,000 on account. Sept. 05 Sales on account to Humpy Enterprise Php 35,654, delivery cost was charged amounting Php 500. Sept. 08 Sept. 10 Paid internet based on the bill received on Sept. 01 amounting Php 1,650. Partial payment was made on the purchase on account dated Sept. 03 amounting Php 50,000. Category 4 3 1-2 Correctness 5 Computed correctly Well Did not compute One account not included in computation Not computed correctly Many accounts not included Presentation 1 to 2 accounts not presented presented All accounts not presented Rubrics
II. Directions: Prepare subsidiary ledger of the following accounts of Phantom Trading. ACCOUNTS RECEIVABLE DATE Explanation DEBIT DATE Explanation CREDIT June 02 SAP Trading. SAP Trading June 03 Phaley Ent. Rokie Ent. June 08 Rokie Ent. Phaley Ent. June 15 Fany Mdsg. Fany Mdsg. June 23 Elco Mdsg. SAP Trading June 30 Blue Magic Phaley Ent. Category 5 Correctness Computed correctly Presentation Well presented Rubrics 75,650 25,001 7,650 5,785 120,657 85,006 289,951 4 One account not included in computation 1 to 2 accounts not presented June 07 June 10 June 11 June 20 June 25 June 28 3 Not computed correctly Many accounts not included 1-2 Did not compute All accounts not presented 50,400 5,265 20,450 5,700 20,000 3,000 150,000
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