,Thandiwe Maseko is the sole proprietor of Maseko Office Supplies (not a
registered VAT vendor), a shop that sells stationery and office goods. The
business delivers orders using its vehicle and earns rent by letting spare
storeroom space. The financial year ends on 30 September 2026. The following
information relates to the business:
Pre-adjustment trial balance at 30 September 2026
Account Debit Credit
R R
Capital (1 October 2025) 322 600
Bank 47 000
Inventory (1 October 2025) 70 500
Vehicles at cost 318 000
Accumulated depreciation: 63 600
Vehicles
Furniture at cost 75 500
Accumulated depreciation: 15 100
Furniture
Trade receivables control 85 000
Trade payables control 88 000
Sales 1 045 000
Rental income 29 100
Sales returns 30 000
Purchases 726 000
Purchases returns 9 600
Wages 152 000
Credit losses 2 600
Advertising 16 400
Depreciation 50 000
TOTAL 1 573 000 1 573 000
Additional information
1. A physical inventory count on 30 September 2026 showed that the inventory
on hand was valued at R123 000 according to the inventory list.
2. On 1 January 2026, the business paid R16 400 for a 12-month advertising
contract that expires on 31 December 2026.
3. Customer S Pillay, who owed R4 100, was declared insolvent before year-end.
The insolvent estate will pay R1 550 of the debt on 31 October 2026. Record the
irrecoverable debt for the financial year.
Required:
Prepare adjustment journal entries and closing journal entries for Maseko
Office Supplies for September 2026
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Do not type the amount with any spaces or commas as separators
for thousands (eg: 12141.72)
,4. Only show the amount, do not show the R (eg: 1000)
MASEKO OFFICE SUPPLIES
GENERAL JOURNAL – SEPTEMBER
2026
Account Debit Credit
R R
Prepaid expense 4100
Advertising 4100
Adjustment entry: Advertising
Credit losses 2550
Trade receivables control 2550
Adjustment entry: Credit losses
Trading account 70500
Inventory (opening) 70500
Closing entry: Opening Inventory
Purchases returns 9600
Trading account 9600
Closing entry: Purchases returns
Sales 1045000
Trading account 1045000
Closing entry: Sales
Trading account 726000
Purchases 726000
Closing entry: Purchases
Trading account 30000
Sales returns 30000
Closing entry: Sales returns
Inventory (closing) 123000
, Trading account 123000
Closing entry: Closing Inventory
Trading account 351100
Profit or loss account 351100
Closing entry: Trading account
Rental income 29100
Profit or loss account 29100
Closing entry: Rental
Profit or loss account 152000
Wages 152000
Closing entry: Wages
Profit or loss account 5150
Credit losses 5150
Closing entry: Credit losses
Profit or loss account 12300
Advertising 12300
Closing entry: Advertising
Profit or loss account 50000
Depreciation 50000
Closing entry: Depreciation
Profit or loss account 160750
Capital 160750
Closing entry: Profit or loss account
registered VAT vendor), a shop that sells stationery and office goods. The
business delivers orders using its vehicle and earns rent by letting spare
storeroom space. The financial year ends on 30 September 2026. The following
information relates to the business:
Pre-adjustment trial balance at 30 September 2026
Account Debit Credit
R R
Capital (1 October 2025) 322 600
Bank 47 000
Inventory (1 October 2025) 70 500
Vehicles at cost 318 000
Accumulated depreciation: 63 600
Vehicles
Furniture at cost 75 500
Accumulated depreciation: 15 100
Furniture
Trade receivables control 85 000
Trade payables control 88 000
Sales 1 045 000
Rental income 29 100
Sales returns 30 000
Purchases 726 000
Purchases returns 9 600
Wages 152 000
Credit losses 2 600
Advertising 16 400
Depreciation 50 000
TOTAL 1 573 000 1 573 000
Additional information
1. A physical inventory count on 30 September 2026 showed that the inventory
on hand was valued at R123 000 according to the inventory list.
2. On 1 January 2026, the business paid R16 400 for a 12-month advertising
contract that expires on 31 December 2026.
3. Customer S Pillay, who owed R4 100, was declared insolvent before year-end.
The insolvent estate will pay R1 550 of the debt on 31 October 2026. Record the
irrecoverable debt for the financial year.
Required:
Prepare adjustment journal entries and closing journal entries for Maseko
Office Supplies for September 2026
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Do not type the amount with any spaces or commas as separators
for thousands (eg: 12141.72)
,4. Only show the amount, do not show the R (eg: 1000)
MASEKO OFFICE SUPPLIES
GENERAL JOURNAL – SEPTEMBER
2026
Account Debit Credit
R R
Prepaid expense 4100
Advertising 4100
Adjustment entry: Advertising
Credit losses 2550
Trade receivables control 2550
Adjustment entry: Credit losses
Trading account 70500
Inventory (opening) 70500
Closing entry: Opening Inventory
Purchases returns 9600
Trading account 9600
Closing entry: Purchases returns
Sales 1045000
Trading account 1045000
Closing entry: Sales
Trading account 726000
Purchases 726000
Closing entry: Purchases
Trading account 30000
Sales returns 30000
Closing entry: Sales returns
Inventory (closing) 123000
, Trading account 123000
Closing entry: Closing Inventory
Trading account 351100
Profit or loss account 351100
Closing entry: Trading account
Rental income 29100
Profit or loss account 29100
Closing entry: Rental
Profit or loss account 152000
Wages 152000
Closing entry: Wages
Profit or loss account 5150
Credit losses 5150
Closing entry: Credit losses
Profit or loss account 12300
Advertising 12300
Closing entry: Advertising
Profit or loss account 50000
Depreciation 50000
Closing entry: Depreciation
Profit or loss account 160750
Capital 160750
Closing entry: Profit or loss account
