This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Hey MaMpangazitha — ready when you are. Here is the Cash Receipts Journal (CRJ) for B. Habana Dry Cleaners for March 2023. Step 1: Set up the Cash Receipts Journal (CRJ) with the necessary columns. The columns typically include Date, Document Number, Details, Folio, Bank (Debit), Service Income (Credit), and Sundry Accounts (Credit) with sub-columns for Amount and Account. Step 2: Record the capital contribution on March 1. B. Habana contributed R90 000 as capital. This increases the Bank account and the Capital account. Step 3: Record the cash received for services rendered on March 17. Cash of R2 810 was received for services. This increases the Bank account and Service Income. Step 4: Record the cash received for services rendered on March 22. Cash of R3 090 was received for services. This increases the Bank account and Service Income. Step 5: Record the cash received for services rendered on March 30. Cash of R3 370 was received for services. This increases the Bank account and Service Income. Step 6: Calculate the totals for each column at the end of March. Sum the amounts in the Bank, Service Income, and Sundry Accounts columns. Cash Receipts Journal of B. Habana Dry Cleaners - March 2023 |l|l|l|l|r|r|l|l| Date & Doc. No. & Details & Fol. & Bank (Dr) & Service Income (Cr) & 2c|Sundry Accounts (Cr) \\ 7-8 & & & & & & Amount & Account \\ 2023 Mar 1 & Rec. 01 & B. Habana (Capital) & GL1 & R90 000 & & R90 000 & Capital \\ Mar 17 & CRR & Services Rendered & SL1 & R2 810 & R2 810 & & \\ Mar 22 & CRR & Services Rendered & SL1 & R3 090 & R3 090 & & \\ Mar 30 & CRR & Services Rendered & SL1 & R3 370 & R3 370 & & \\ Totals & & & & R99 270 & R9 270 & R90 000 & \\ The total cash received and banked for March 2023 is R99 270. Send me the next one 📸