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Prepare the Cash Receipts Journal (CRJ) for Pearly's Accounting Services for March 2020, including all transactions and closing entries.
Accounting
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1. Cash Receipts Journal (CRJ) for Pearly's Accounting Services - March 2020
| Date | Doc No. | Details | Bank (Dr) | Services Rendered (Cr) | Sundry Accounts (Cr) |
|---|---|---|---|---|---|
| 1 | R01 | Capital (Pearl Grace) | R20 000 | R20 000 (Capital) | |
| 5 | R02 | Rent Income (Navashnee) | R2 500 | R2 500 (Rent Income) | |
| 10 | CRR | Services Rendered | R7 320 | R7 320 | |
| 14 | BS | Interest Income | R96 | R96 (Interest Income) | |
| 22 | CRR | Services Rendered | R9 550 | R9 550 | |
| 25 | BS | Loan from BB Bank | R28 000 | R28 000 (Loan) | |
| 27 | R03 | Capital (Pearl Grace) | R10 000 | R10 000 (Capital) | |
| Total | R77 466 | R16 870 | R60 596 |
Closing off the Journal:
The total of the Bank column (R77 466) is debited to the Bank account in the General Ledger.
The total of the Services Rendered column (R16 870) is credited to the
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