|
|
The transactions above have been journalised and posted. The adjusted trial balance is below. Skate 'n'...
172 50 90 230 Adjusted trial balance as at 30 June 20XX Account no. Account Debit Credit 100 Cash at bank 10,965 110 Accounts receivable 12,740 120 Inventory 40,470 130 Prepaid insurance 3,245 171 Shop equipment (cost) 32,600 Accumulated depreciation - shop equipment 408 200 Accounts payable 30,480 210 PAYG withholding payable 220 Superannuation payable Bank loan 29,221 300 Capital 30,900 400 Sales revenue 23,900 410 Sales returns and allowances 560 420 Discount received 2,010 500 Cost of sales 12,410...
The June transactions above have been journalised and posted. Skate ‘n’ Surf Trial balance as at 30 June 20XX Account no. Account Debit Credit 100 Cash at bank 13,840 110 Accounts receivable 15,570 120 Inventory 37,010 130 Prepaid insurance 4,560 171 Shop equipment (cost) 45,000 200 Accounts payable 25,970 210 PAYG withholding payable 60 230 Bank loan 41,100 300 Capital 38,000 400 Sales revenue 24,860 410 Sales returns and allowances 270 420 Discount received 2,100 500 Cost of sales 13,460...
The June transactions above have been journalised and posted. Skate ‘n’ Surf Trial balance as at 30 June 20XX Account no. Account Debit Credit 100 Cash at bank 14,860 110 Accounts receivable 16,430 120 Inventory 40,510 130 Prepaid insurance 4,080 171 Shop equipment (cost) 45,000 200 Accounts payable 30,280 210 PAYG withholding payable 40 230 Bank loan 41,900 300 Capital 37,000 400 Sales revenue 26,150 410 Sales returns and allowances 260 420 Discount received 2,000 500 Cost of sales 13,970...
Skate 'n' Surf Adjusted trial balance as at 30 June 20XX Account no. Account Debit Credit 100 Cash at bank 6,110 110 Accounts receivable 12,925 120 Inventory 40,370 130 Prepaid insurance 4,235 171 Shop equipment (cost) 33,300 172 Accumulated depreciation - shop equipment 694 200 Accounts payable 30,980 210 PAYG withholding payable 50 220 Superannuation payable 90 230 Bank loan 29,523 300 Capital 29,000 400 Sales revenue 23,925 410 Sales returns and allowances 1,100 420 Discount received 2,090 500 Cost...
The transactions above have been journalised and posted. The statement or profit or loss for June is below. Skate 'n' Surf Statement of profit or loss for the period 1 June to 30 June 20XX Revenue Sales revenue Sales revenue 27,710 Less: Sales returns and allowances 360 Net sales revenue 27,350 Less: Cost of sales 15,200 Gross profit 12,150 Other revenue: Discount received 2,200 14,350 Expenses Advertising expense 1,190 Depreciation expense 500 Discount allowed 265 Insurance expense 390 Interest...
Skate 'n' Surf Statement of profit or loss for the period 1 June to 30 June 20XX Revenue Sales revenue Sales revenue 26,820 Less: Sales returns and allowances 320 Net sales revenue 26,500 Less: Cost of sales 14,980 Gross profit 11,520 Other revenue: Discount received 2,300 13,820 Expenses Advertising expense 1,170 Depreciation expense 450 Discount allowed 280 Insurance expense 320 Interest expense 160 Postage and stationery expense 150 Superannuation exepnse 95 Wages expense 1,000 Total expenses 3,625 Net profit/(loss)...
100 Cash at bank 110 Accounts receivable 120 Inventory 130 Prepaid insurance 171 Shop equipment (cost) 172 Accumulated depreciation - shop equipment 200 Accounts payable 210 PAYG withholding payable 220 Superannuation payable 230 Bank loan 300 Capital 310 Drawings 320 Profit or loss summary 400 Sales revenue 410 Sales returns and allowances 420 Discount received 500 Cost of sales 600 Advertising expense 610 Depreciation expense 620 Discount allowed 630 Electricity expense 640 Insurance expense 650 Interest expense 660 Postage and...
Transactions June 1 The owner opened a bank account for the business with a deposit of $20,000. This is capital provided by him. 1 Purchased display stands, shelving etc. (shop equipment) from Shop Displays Pty Ltd for $26,100 and computer equipment for the shop from Computer Wizards for $4,800. These were paid for with a loan of $26,000 from the bank and cheque for $4,900 from the business bank account. The bank loan is repayable over 4 years. 1 Paid...
Answer: Question 1 The adjusted trial balance for Mario's Pizza Palace at 30 June is presented below: Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX Credit Account number 100 110 120 130 140 150 Debit 43,510 540 672 1,242 988 349 1,376 17,820 14,256 34,910 160 170 171 180 181 200 210 220 230 280 300 310 400 410 420 430 500 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid...
Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX Credit Account number 100 110 120 130 140 150 Debit 40,290 460 668 1,205 921 288 1,212 16,350 160 14,474 36,880 170 171 180 181 200 210 220 230 280 300 310 400 410 420 430 500 510 15,578 13,781 1,176 273 1,384 18,885 59,676 41,712 183,561 49 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance Motor vehicles (cost) Accumulated depreciation...