Question

Question 1 The trial balance for Mario's Pizza Palace at 30 June 20XX is presented below: Mario's Pizza Palace Trial balance as at 30 June 20XX Credit Debit 40,813 450 688 1,357 969 656 2,160 19,160 12,425 35,360 Account number 100 110 120 130 140 150 160 170 171 180 181 200 210 280 300 310 400 410 420 430 500 510 520 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance Motor vehicles (cost) Accumulated depreciation - motor vehicles Store equipment (cost) Accumulated depreciation - store equipment Accounts payable PAYG withholding payable Bank loan Owner's capital Owner's drawings Sales income Sales returns and allowances Discounts received Delivery income Food purchases Purchase returns and allowances Packaging costs Discount given 11,680 14,180 1,344 19,058 55,273 39,121 186,927 46 505 28 63,220 418 530 13,039 265

Answer 1

Mario's Pizza Palace Worksheet For the period ending 30.6.20XX Unadjusted Adjustments Adjusted Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ 40813 40813 450 450 688 688 1357 1357 969 969 656 328 328 2160 720 1440 19160 19160 12425 2485 14910 35360 35360 11680 1168 12848 14180 14180 1344 1344 357 357 1322 1322 84 19058 19058 55273 55273 39121 39121 186927 186927 46 505 505 84 Acct. No. Particulars 100 Cash 110 Cash Float 120 Accounts Receivable 130 Inventory - Food 140 Inventory - Packaging 150 Prepaid Advertising 160 Prepaid Insurance 170 Motor Vehicles (at cost) 171 Accum. Depre - Motor Vehicle 180 Store Equipment 181 Accum. Depre - Store Equip. 200 Accounts Payable 210 PAYG witholding Payable 220 Superannuation Payable 230 Wages Payable Interest Payable 280 Bank Loan 300 Owner's Capital 310 Owner's Drawing 400 Sales Income 410 Sales Returns and Allowances 420 Discounts received 430 Delivery Income 500 Food purchases 510 Purchase Returns and Allowances 520 Packaging costs 530 Discount gains 540 Freight Inwards 600 Accountancy Fees 605 Advertising Expense 610 Bank charges 615 Depreciation 620 Electricity and gas expense 625 Insurance expense 630 Interest expense 635 Motor vehicles expense 640 Printing, Postage and stationary expense 645 Rent expense 650 Repairs and Maintenance expense 655 Sundry expenses 660 Superannuation expense 665 Telephone expense 670 Wages Expense Totals 46 28 28 63220 63220 418 418 13039 265 83 13039 265 83 1133 3589 761 328 3653 720 2886 2063 1022 5334 437 24791 681 352 3232 4132 34038 301838 1133 3917 761 3653 2886 2783 1106 5334 437 24791 681 352 3589 4132 35360 307254 357 1322 6464 301838 6464 307254