Question

task 2.1 prepare the general ledger by entering the opening balances from trial balance

Micro Systems Trial Balance as at 30th June 2019. Debit Credit $ 2,160 7,000 3,000 100 130,695 31,600 8,400 4,500 DY Account Name epreciation Accumulated Depreciation - equipment 20 Accumulated depreciation - motor vehicle Advertising Allowance for doubtful debts Sales Capital - John Franklin Poral Cash at bank Accounts Payable Control Accounts Receivable Control Drawings - John Franklin Equipment at cost GST Collected A.GST Paid Residential Rent Received Loan to Martha Stewart Motor Vehicle - at cost Provision for Annual Leave Purchases of inventory Insurance Repairs and maintenance - equipment Stock of inventory (1 July 2018) Office expenses Wages 9,000 5,400 32,200 3,560 2,165 11,500 10,000 22,000 500 54,000 2,600 1,450 5,000 6,400 30,000 191,615 191,615

Answer 1

GENERAL LEDGER
ACCUMULATED DEPRECIATION ACCOUNT-EQUIPMENT
	$		$
		30 June,2019	2,160
ACCUMULATED DEPRECIATION ACCOUNT-MOTOR VEHICLE
	$		$
		30 June ,2019	7,000
ALLOWANCE FOR DOUBTFUL DEBTS
	$		$
		30 June,2019	100
ADVERTISING ACCOUNT
	$		$
30 June,2019	3,000
SALES ACCOUNT
	$		$
		30 June,2019	1,30,695
CAPITAL ACCOUNT
	$		$
		30 June,2019	31,600
CASH AT BANK ACCOUNT
	$		$
30 June,2019	8,400
ACCOUNT PAYABLE ACCOUNT
	$		$
		30 June,2019	4,500
ACCOUNT RECEIVABLE
	$		$
30 June,2019	9,000
DRAWINGS ACCOUNT
	$		$
30 June,2019	5,400
EQUIPMENT ACCOUNT
	$		$
30 June,2019	32,200
GST COLLECTED
	$		$
		30 June,2019	3,560
GST PAID
	$		$
30 June,2019	2,165
RESIDENTIAL RENT RECEIVED
	$		$
		30 June,2019	11,500
LOAN TO MARTHA STEWARD
	$		$
30 June,2019	10,000
MOTOR VEHICLE -AT COST
	$		$
30 June,2019	22,000
PROVISION FOR ANNUAL LEAVE
	$		$
		30 June,2019	500
PURCHASE OF INVENTORY
	$		$
30 June,2019	54,000
INSURANCE
	$		$
30 June,2019	2,600
REPAIRS & MAINTENANCE-EQUIPMENT
	$		$
30 June,2019	1,450
OFFICE EXPENSE
	$		$
30 June,2019	6,400
WAGES
	$		$
30 June,2019	30,000
NOTE:
1. Opening stock do not have any ledger.