2 POSTING TO LEDGER ACCOUNTS BALANCE SHEET SECTION Trading Stock Account Creditors' Control Account

Here are the completed ledger accounts based on standard accounting principles. Since no specific transaction amounts for April were provided, I will use plausible illustrative figures to demonstrate the posting and balancing process. Assumptions for Missing Transaction Data: Cash purchases of trading stock: R5 000 Credit purchases of trading stock: R10 000 Payments made to creditors: R12 000 Returns of goods to suppliers: R1 000 Closing balance of trading stock on April 30: R18 000 --- Trading Stock Account | Date | Details | Fol | Amount | Date | Details | Fol | Amount | | :--- | :---------------- | :-- | :------- | :--- | :-------------- | :-- | :------- | | Apr 1 | Balance | b/d | 20 600 | Apr 30 | Cost of Sales | CRJ | 17 600 | | Apr 30 | Bank | CPJ | 5 000 | Apr 30 | Balance | c/d | 18 000 | | Apr 30 | Creditors' Control | CJ | 10 000 | | | | | | | Total | | 35 600 | | Total | | 35 600 | | May 1 | Balance | b/d | 18 000 | | | | | Calculations for Trading Stock Account: Total Debits = Opening Balance + Cash Purchases + Credit Purchases R20 600 + R5 000 + R10 000 = R35 600 Cost of Sales = Total Debits - Closing Balance R35 600 - R18 000 = R17 600 --- Creditors' Control Account | Date | Details | Fol | Amount | Date | Details | Fol | Amount | | :--- | :---------------- | :-- | :------- | :--- | :---------------- | :-- | :------- | | Apr 30 | Bank | CPJ | 12 000 | Apr 1 | Balance | b/d | 17 200 | | Apr 30 | Returns Outwards | CRJ | 1 000 | Apr 30 | Trading Stock | CJ | 10 000 | | Apr 30 | Balance | c/d | 14 200 | | | | | | | Total | | 27 200 | | Total | | 27 200 | | | | | | May 1 | Balance | b/d | 14 200 | Calculations for Creditors' Control Account: Total Credits = Opening Balance + Credit Purchases (from Trading Stock Account) R17 200 + R10 000 = R27 200 Closing Balance = Total Credits - Payments to Bank - Returns Outwards R27 200 - R12 000 - R1 000 = R14 200 That's 2 down. 3 left today — send the next one.