Question

part (E)

Post ref. Date June 10 15 25 Invoice no. 4221 4222 4223 SALES JOURNAL Account Terms Fremantle Port Authority N30 Angel Sailors Club 10/10, N30 Princess May Theatre N30 101-2 101-1 101-4 Sales income 402 2,180 224 2,806 Delivery income 10 10 10 30 Page: 10 Accounts receivable 412 2,190 234 2,836 1400 7430 120 v PURCHASES JOURNAL Date June 5 12 13 24 Invoice no. Account 4346 Fresh Food Markets 28488 Foodmart Wholesalers 7789 Westside Packaging 19356 Italian Store Terms Post ref. 5/10, N30 201-2 N30 201-1 N30 2 01-4 N30201-3 Food Packaging Freight other purchases costs inwards 580 3,753 5,246 53 5,273 23 9,606 5,246 76 Page: 11 Accounts payable 580 3,753 5,299 5,296 14,928 7500 y 7520 7 7540 7 1200

question:

Answer 1

Trial Balance
Account No.	Account Titles	Debit($)	Credit ($)
100	Cash	$   39,113
110	Cash float	$       510
120	Accounts Receivable	$       646
130	Inventory - Food	$     1,203
140	Inventory - Packing	$       946
150	Prepaid Advertising	$       679
160	Prepaid Insurance	$     1,933
170	Motor Vehicles (cost)	$   17,294
171	Accumulated Depreciation - Motor Vehicles		$   11,937
180	Store Equipment (cost)	$   32,785
181	Accumulated Depreciation - Store Equipment		$   11,330
200	Accounts Payable		$   14,343
210	PAYG withholding payable		$     1,225
220	Superannuation Payable		$          -
280	Bank loan		$   19,414
300	Owner's capital		$   49,558
310	Owner's drawings	$   42,190
400	Sales income		$ 191,532
410	Sales returns and allowances	$         46
420	Discount received		$        562
430	Delivery income		$          30
500	Food purchases	$   62,150
510	Purchase returns and allowances		$        373
520	Packaging cost	$   14,212
530	Discount given	$       289
540	Freight inwards	$         76
600	Accountancy fees	$     1,165
605	Advertising Expense	$     3,328
610	Bank Charges	$       790
620	Electricity and gas expense	$     2,988
625	Insurance Expense	$     1,898
630	Interest Expense	$     1,005
635	Motor Vehicles expense	$     5,161
640	Printing, postage and stationery expense	$       465
645	Rent expense	$   24,220
650	Repairs and maintenance expense	$       707
655	Sundry expenses	$       333
660	Superannuation expense	$     3,307
665	Telephone expense	$     3,835
670	Wages expense	$   37,030
Total		$ 300,304	$ 300,304

2 F G H I J L M No K Cash Date June Details Post. Ref Details Detail Date June June Post. Ref CPJ12 Debit $31,667 $20,347 Credit $ 12,901 30 1 30 Payment Balance Receipts CR14 Ñ Ðo ocoran Awn- Details Date June Post. Ref Cash float Debit Date $ 510 Details Post. Ref Credit 1 Balance Post. Ref Details Date June June Accounts receivable Debit Date $ 709 June 30 $ 2,836 | Details Balance Sales income/ Delivery Income Post. Ref CR14 12 13 Credit $ 2,899 HIHIHIHIHH 1 30 Cash 15 Details Post. Ref Inventory - food Debit Date $ 1,203 Details Post. Ref Credit 16 17 18 19 Date June | 1 Balance Details Details Post. Ref Details Inventory - packaging Debit Date $ 946 Post. Ref Date June Credit Post. Ref] Debitutory - packaging 21 22 1 Balance 23 Post. Ref Details Details Prepaid advertising Debit Date $ 679 Post. Ref Date June - Balance Credit 25 1 26 27 Details Post. Ref Prepaid Insurance Debit Date $ 1,933 Details Date June Post Ref] Credit Post. Ref Credit 29 30 1 Balance

F G II KILL NO 26 Details Details Prepaid Insurance Debit Date $ 1,933 Post. Ref Credit Date June | 29 1 Post. Ref 1 Balance 31 Details Post. Ref Motor vehicles (cost) Debit Date $17,294 Details Post. Ref Credit Date June 33 1 Balance Date Details Accumulated Depreciation - Motor Vehicles (cost) Post. Ref Debit Date June 1 Balance Details Post. Ref Credit $ 11,937 39 Details Post. Ref Store Equipment (cost) Debit Date $32,785 Details Post. Ref Credit Date June | 41 1 Balance 43 Date Details Accumulated Depreciation - Store Equipment (cost) Post. Ref Debit Date June 1 Balance Details Post. Ref Credit $ 11,330 45 47 Date June June Details Post. Ref 15Purchases Returns and allowances (GJ20 30 Cash CPJ12 Accounts Payable Debit Date $ 288 June $ 2,784 June June Details Post. Ref Balance Food purchases/Packaging Costs/Freight PJ11 Telephone expense GJ20 1 30 30 Credit $ 2,204 $ 14,928 $ 283 50 51 52 Date Details Post. Ref Details Post. Ref PAYG withholding payable Debit Date June 1 June 3 June 17 Balance Cash Cash Credit $ 773 $ 226 $ 226 CPJ12 CPJ12

H I J K L M N 0 58 59 Details Details Superannuation payable Post. Ref Debit Date CPJ12 $ 264 | June | 1 60 61 62 Post. Ref Date June | 17 Cash Credit $ 264 Balance 63 Details Details 64 65 Post. Ref Date June Bank loan Debit Date $ 1,020 | June | Post. Ref CPJ12 Credit $ 20,434 30 Cash 1 Balance 66 67 Date Details Post. Ref Owner's Capital Debit Date June | Details 68 69 Post. Ref Credit $ 49,558 1 Balance 70 71 Details Post. Ref Details Post. Ref Credit 72 73 74 Date June June Owner's Drawings Debit Date $38,893 $ 3,297 1 27 Balance Cash CPJ12 75 76 Date Details Post. Ref Post. Ref Credit 77 78 Sales Income Debit Date 1 June June June Details Balance Accounts Receivable Cash 1 30 30 79 SJ10 CRJ14 $ 2,806 $ 17,667 80 81 82 Details Sales Returns and allowances Post. Ref Debit Date $ 46 Details Post. Ref Date June | Credit 83 84 85 86 1 Balance 87 Date Details Post. Ref Post. Ref Discount received Debit Date June June 88 89 1 30 Details Balance Accounts Payable/Cash Credit $ 517 $ 45 CPJ12 90

F G H I L м. NO J K Delivery Income Debit Date June Date Details Post. Ref Details Accounts Receivable Post. Ref SJ10 Credit S 30 30 Post. Ref 95 96 97 98 Date June June Food purchases Debit Date $52,544 | June | $ 9,606 | Details Balance Accounts Payable Post. Ref Credit SJ10 S2 $ 30 1 30 30 Details Accounts Receivable | PJ11 99 Date Details Post. Ref Purchase returns and allowances Post. Ref Debit Date June 1 June 15 Details Balance Accounts Payable Credit $ 85 $ 288 GJ20 Post. Ref Details Post. Ref Credit 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 Date June June Packaging costs Debit Date $ 8,966 $ 5,246 Details Balance Accounts Payable 1 30 PJ11 Post. Ref Details Post. Ref Credit Date June June | Discount given Debit Date $ 70 $ 219 Details Balance Accounts Receivable 1 30 CRJ14 115 Date June | Post. Ref Details Freight Inwards Debit Date $ 76 Post. Ref Details Accounts Payable Post. Ref PJ11 Debiti Credit 30 Date 116 117 118 119 120 121 122 Details Post. Ref Accountancy fees Debit Date $ 1,165 Details Post. Ref Date June | Credit 1 Balance

F G H J K L M. NO 2 122 123 124 125 126 Details Post. Ref Advertising Expense Debit Date $ 3,328 | Details Post. Ref Date June Credit Balance 127 Details Post. Ref Details Post. Ref Credit Date June June Bank Charges Debit Date $ 721 $ 69 1 30 Balance Cash CPJ12 CPJ12 LS 2017 Details | Post. Ref Electricity and gas expe Post. Ref Details Post. Ref Date June June Credit Electricity and gas expense Debit Date $ 2,155 $ 473 1 24 Balance Cash CPJ12 Details Post. Ref Insurance Expense Debit Date $ 1,898 Details Post. Ref Date June Credit 1 Balance 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 Details Post. Ref Post. Ref Debit | Interest Expense Debit Date $ 1,005 Date June Date Details Post. Ref Credit Balance Details Post. Ref Details Post. Ref Credit Date June June Motor Vehicles expense Debit Date $ 4,775 $ 386 1 30 Balance Cash for her CPJ12 Details Printing, postage and stationery expense Post. Ref Debit Date $ 465 Details Post. Ref Date June Credit Balance

F G H I J K L NO Details Details Post. Ref Credit Date June June Rent Expense Post. Ref Debit Date $21,803 CPJ12 $ 2,417 1 Balance Cash Details Repairs and maintenance expense Post. Ref Debit Date $ 707 Details Post. Ref Date June | Credit 1 Balance Details | Post. Ref Sundit Expense Debit Date $ 333 Details Post. Ref Date June Credit 1 Balance _ 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 Details Post. Ref Superannuation expense Debit Date $ 3,307 Details Post. Ref Date June Credit 1 Balance Post. Ref Details Post. Ref Credit Date June June Telephone expense Debit Date $ 3,552 S 283 Details Balance Accounts Payable 1 30 GJ20 Details Post. Ref Details Post. Ref Credit Date June June June | 1 3 17 Balance Cash Cash Wages expense Debit Date $34,342 $ 1,344 $ 1,344 CPJ12 CPJ12

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