General Ledger Stock Account. 1-Jan-08 Capital - M Theodorakis GJ 30,000 30,000 Dr. Land and Buildings Account Debit $
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1 TAFE Accounting: To Trial Ex. 3.1 M Theodorakis Stock Account 1-Jan-08 Capital - M Theodorakis GJ 30,000 30,000 Dr Land and Buildings Account 1-Jan-08 Capital - M Theodorakis GJ 180, ,000 Dr Motor Vehicle Account 1-Jan-08 Capital - M Theodorakis GJ 16,000 16,000 Dr Furniture and Fittings Account 1-Jan-08 Capital - M Theodorakis GJ 4,000 4,000 Dr Mortgage Loan Account 1-Jan-08 Capital - M Theodorakis GJ 40,000 40,000 Cr Bank Overdraft Account 1-Jan-08 Capital - M Theodorakis GJ 6,000 6,000 Cr Capital - M Theodorakis Account 1-Jan-08 Sundries GJ 184, ,000 Cr Exercise 3.1 Page 1
2 TAFE Accounting: To Trial Ex. 3.2 K Desanges Late Fees Expense Account 1-Jul-11 ors Control GJ Dr GST Paid Account 1-Jul-11 ors Control GJ 2 2 Dr 5-Jun-11 Drawings - K Desanges GJ Cr 15-Jul-11 Sundry or - Hogey Office Machines GJ Cr ors Control Account 1-Jul-11 3,700 Cr Late Fees Expense & GST Paid GJ 22 3,722 Cr Motor Vehicle Account 3-Jul-11 Capital - K Desanges GJ 10,000 10,000 Dr Capital - K Desanges Account 1-Jul-11 40,000 Cr 3-Jul-11 Motor Vehicle GJ 10,000 50,000 Cr Drawings - K Desanges Account 5-Jul-11 Purchases & GST Paid GJ 2,200 2,200 Dr Purchases Account 5-Jul-11 Drawings GJ 2,000 2,000 Cr Bad Debts Account 12-Jul-11 Debtors Control GJ Dr Exercise 3.2 Page 1
3 TAFE Accounting: To Trial Ex. 3.2 K Desanges GST Collected Account 12-Jul-11 Debtors Control GJ Dr 17-Jul-11 Debtors Control GJ Cr 28/07/2011 Debtors Control GJ Cr Debtors Control Account 1-Jul-11 4,100 Dr 12-Jul-11 Bad Debts & GST Collected GJ 176 3,924 Dr 17-Jul-11 Sales & GST Collected GJ 2,585 6,509 Dr 28-Jul-11 Late Fees Income & GST Collected GJ 33 6,542 Dr Computer Account Date enue Folio 15-Jul-11 Sundry creditor - Hogey Office Machines GJ 1,500 1,500 Dr Sundry or - Hogey Office Machines Ltd Account 15-Jul-11 Computer & GST Paid GJ 1,650 1,650 Cr Sales Account 17-Jul-11 Debtors Control GJ 2,350 2,350 Cr Late Fees Income Account 28-Jul-11 Debtors Control GJ Cr Exercise 3.2 (2) Page 1
4 TAFE Accounting: To Trial Ex. 3.3 E Singh Debtors Control Account 1-Jul-11 21,300 Dr 31-Jul-11 Discount expense & GST Collected CRJ 11 21,289 Dr Cash at bank CRJ ,600 Dr GST Collected Account 31-Jul-11 Debtors Control GJ 1 1 Dr Cash at Bank CRJ Cr Discount Expense Account 31-Jul-11 Debtors Control CRJ Dr Sales Account 31-Jul-11 Cash at bank CRJ Cr Capital - E Singh Account 1-Jul-11 21,000 Cr 12-Jul-11 Cash at bank CRJ 4,000 25,000 Cr Commission Income Account 20-Jul-11 Cash at bank CRJ Cr Cash at Bank Account 1-Jul-11 6,000 Dr 31-Jul-11 Sundries CRJ 5,756 11,756 Dr Exercise 3.3 Page 1
5 TAFE Accounting: To Trial Ex. 3.4 Solution in textbook G Wanganeen Discount Expense Account Debtors Control Account Sales Account Motor Vehicles Account GST Collected Account Capital - G Wanganeen Account Cash at Bank Account Commission Income Account Exercise 3.4 Page 1
6 TAFE Accounting: To Trial Ex. 3.5 Ivan's Wines and Spirits Discount Expense Account 1-Mar Dr 31-Mar-08 Debtors Control CRJ Dr Debtors Control Account 1-Mar-08 6,900 Dr 31-Mar-08 Discount Expense & GST Collected CRJ 66 6,834 Dr Cash at bank CRJ 3,049 3,785 Dr Sales - Wines Account 1-Mar-08 26,500 Cr 31-Mar-08 Cash at bank CRJ 2,070 28,570 Cr Sales - Spirits Account 1-Mar-08 27,500 Cr 31-Mar-08 Cash at bank CRJ 2,680 30,180 Cr Capital Account 1-Mar-08 40,000 Cr 10-Mar-08 Cash at bank CRJ 5,000 45,000 Cr Rent Income Account 1-Mar-08 1,900 Cr 20-Mar-08 Cash at bank CRJ 200 2,100 Cr Office Equipment Account 1-Mar-08 2,350 Dr 21-Mar-08 Cash at bank CRJ 100 2,250 Dr Cash at Bank Account 1-Mar-08 11,050 Dr 31-Mar-08 Sundries CRJ 13,604 24,654 Dr GST Collected Account 1-Mar-08 1,400 Cr 31-Mar-08 Debtors Control CRJ 6 1,394 Cr Debtors Control CRJ 505 1,899 Cr Exercise 3.5 Page 1
7 TAFE Accounting: To Trial Ex. 3.6 P Searle ors Control Account 1-Apr-08 1,700 Cr 30-Apr-08 Discount Income & GST Paid CPJ 22 1,678 Cr Cash at Bank CPJ 278 1,400 Cr Discount Income Account 1-Apr Cr 30-Apr-08 ors Control CPJ Cr Purchases Account 1-Apr-08 14,300 Dr 30-Apr-08 Cash at Bank CPJ ,970 Dr Wages Account 1-Apr-08 11,400 Dr 30-Apr-08 Cash at Bank CPJ ,280 Dr Insurance Account 1-Apr Dr 30-Apr-08 Cash at Bank CPJ Dr Advertising Account 1-Apr Dr 5-Apr-08 Cash at Bank CPJ Dr Rates and Taxes Account 8-Apr-08 Cash at Bank CPJ Dr Exercise 3.6 Page 1
8 TAFE Accounting: To Trial Ex. 3.6 P Searle Drawings Account 1-Apr-08 4,000 Dr 25-Apr-08 Cash at Bank CPJ 300 4,300 Dr Office Expenses Account 1-Apr-08 1,100 Dr 26-Apr-08 Cash at Bank CPJ 110 1,210 Dr Cleaning Account 1-Apr Dr 26-Apr-08 Cash at Bank CPJ Dr Cash at Bank Account 1-Apr-08 9,600 Dr 30-Apr-08 Sundries CPJ 3,790 5,810 Dr GST Collected Account 1-Apr May-08 Cash at Bank CPJ 1,060 Nil 1,060 Cr GST Paid Account 1-Apr Dr 28-May-08 Cash at Bank CPJ 300 Nil 31-May-08 ors Control CPJ 2 2 Cr 31-May-08 Cash at Bank CPJ Dr Exercise 3.6 (2) Page 1
9 TAFE Accounting: To Trial Ex. 3.7 Con's Menswear ors Control Account 1-Jun-11 3,100 Cr 30-Jun-11 Discount Income & GST Paid CPJ 33 3,067 Cr Cash at Bank CPJ 567 2,500 Cr Discount Income Account 1-Jun Cr 30-Jun-11 ors Control CPJ Cr Purchases - Menswear Account 1-Jun-11 12,600 Dr 30-Jun-11 Cash at Bank CPJ 1,030 13,630 Dr Purchases - Youthswear Account 1-Jun-11 11,800 Dr 30-Jun-11 Cash at Bank CPJ ,490 Dr Wages Account 1-Jun-11 5,700 Dr 30-Jun-11 Cash at Bank CPJ 400 6,100 Dr Drawings Account 1-Jun-11 8,000 Dr 11-Jun-11 Cash at Bank CPJ 1,300 9,300 Dr Office Equipment Account 1-Jun-11 4,100 Dr 17-Jun-11 Cash at Bank CPJ 700 4,800 Dr Exercise 3.7 Page 1
10 TAFE Accounting: To Trial Ex. 3.7 Con's Menswear Advertising Account 1-Jun Dr 23-Jun-11 Cash at Bank CPJ Dr Insurance Account 23-Jun-11 Cash at Bank CPJ Dr GST Paid Account 1-Jun Dr 30-Jun-11 ors Control CPJ Dr Cash at Bank CPJ Dr Cash at Bank Account 1-Jun-11 8,450 Dr 30-Jun-11 Sundries CPJ 5,116 3,334 Dr Exercise 3.7 (2) Page 1
11 TAFE Accounting: To Trial Ex. 3.8 E Singh Debtors Control Account 1-Jul-11 21,300 Dr 31-Jul-11 Sales & GST Collected SJ 15,510 36,810 Dr Sales Account 31-Jul-11 Debtors Control SJ 14,100 14,100 Cr GST Collected Account 31-Jul-11 Debtors Control SJ 1,410 1,410 Cr Ex. 3.9 G Wanganeen Debtors Control Account 1-Jul-11 11,300 Dr 31-Aug-11 Sales & GST Colected SJ 2,783 14,083 Dr Sales Account 1-Aug-11 76,000 Cr 31-Aug-11 Debtors Control SJ 2,530 78,530 Cr GST Collected Account 1-Aug-11 7,600 Cr 31-Aug-11 Debtors Control SJ 253 7,853 Cr Exercise Page 1
12 TAFE Accounting: To Trial Ex Ace Parts Sales - Car Parts Account 1-Dec-08 6,100 Cr 31-Dec-08 Debtors Control SJ 370 6,470 Cr Sales - Truck Parts Account 1-Dec-08 3,400 Cr 31-Dec-08 Debtors Control SJ 1,850 5,250 Cr GST Collected Account 1-Dec Cr 31-Dec-08 Debtors Control SJ Cr Debtors Control Account 1-Dec-08 12,000 Dr 31-Dec-08 Sales & GST Collected SJ 2,442 14,442 Dr Ex P Searle Purchases Account 1-Apr-08 14,300 Dr 30-Apr-08 ors Control PJ 1,950 16,250 Dr GST Paid Account 30-Apr-08 ors Control PJ Dr ors Control Account 1-Apr-08 1,700 Cr 30-Apr-08 Purchases & GST Paid PJ 2,145 3,845 Cr Exercise Page 1
13 TAFE Accounting: To Trial Ex Con's Menswear Purchases - Menswear Account 1-Jun-11 12,600 Dr 30-Jun-11 ors Control PJ ,530 Dr Purchases - Youthswear Account 1-Jun-11 11,800 Dr 30-Jun-11 ors Control PJ 1,240 13,040 Dr GST Paid Account 1-Jun Dr 30-Jun-11 ors Control PJ Dr ors Control Account 1-Jun-11 3,100 Cr 30-Jun-11 Purchases PJ 2,387 5,487 Cr Ex E Singh Sales Returns and Allowances Account 31-Jul-11 Debtors Control SRJ 1,000 1,000 Dr GST Collected Account 31-Jul-11 Debtors Control SRJ Dr Debtors Control Account 1-Jul-11 21,300 Dr 31-Jul-11 Sales Returns & GST Collected SRJ 1,100 20,200 Dr Exercise Page 1
14 TAFE Accounting: To Trial Ex G Wanganeen Sales Returns and Allowances Account 1-Aug Dr 31-Aug-11 Debtors Control SRJ 270 1,170 Dr GST Collected Account 1-Aug-11 7,600 Cr 31-Aug-11 Debtors Control SRJ 27 7,573 Cr Debtors Control Account 1-Aug-11 11,300 Dr 31-Aug-11 Sales Returns & GST Collected SRJ ,003 Dr Ex Ivan's Wines and Spirits Sales Returns and Allowances (Wines) Account 1-Mar Dr 31-Mar-08 Debtors Control SRJ Dr Sales Returns and Allowances (Spirits) Account 1-Mar Dr 31-Mar-08 Debtors Control SRJ Dr GST Collected Account 1-Mar-08 1,400 Cr 31-Mar-08 Debtors Control SRJ 8 1,392 Cr Debtors Control Account 1-Mar-08 6,900 Dr 31-Mar-08 Sales returns and allowances SRJ 88 6,812 Dr Exercise Page 1
15 TAFE Accounting: To Trial Ex P Searle ors Control Account 1-Apr-08 1,700 Cr 30-Apr-08 Purchases Returns & GST Paid PRJ 99 1,601 Cr Purchases Returns and Allowances Account 1-Apr Cr 30-Apr-08 ors Control PRJ Cr GST Paid Account 30-Apr-08 ors Control PRJ 9 9 Cr Ex Billies Pastry Shop ors Control Account 1-Jul-09 1,100 Cr 31-Jul-09 Purchases Returns & GST Paid PRJ 44 1,056 Cr Purchases Returns and Allowances (Pies) Account 31-Jul-09 ors Control PRJ Cr Purchases Returns and Allowances (Cakes) Account 31-Jul-09 ors Control PRJ Cr GST Paid Account 30-Apr-08 ors Control PRJ 4 4 Cr Exercise Page 1
16 TAFE Accounting: To Trial Ex Procedure used when posting all journals to the ledgers. 1 Before posting the journals to the ledgers, record the following at the top of each column in each journal: a The number of the ledger to which the column is to be posted (as per the chart of accounts). b The posting rule (Dr or Cr) applicable to the column. 2 record any opening balances (as per trial balance) in the ledger accounts. 3 Post one journal at a time, commencing with the general Journal as this journal may contain "Opening" entries. 4 When posting each journal post one column at a time, commencing with the first column. This will ensure that no column is missed in the process. 5 When commencing each new account, leave sufficent space in that account for subsequent entries from other journals. Exercise 3.18 Page 1
17 TAFE Accounting: To Trial Ex Solution in textbook Pak To Hau Stock Account Cash at Bank Account Premises Account Mortgage on Premises Account Loan from B Burns Account Capital - PT Hau Account Office Equipment Account GST Paid Account Exercise 3.19 Page 1
18 TAFE Accounting: To Trial Ex Solution in textbook Pak To Hau Sundry or - Hoon Ltd Account Drawings - PT Hau Account Purchases Account Debtors Control Account GST Collected Account Discount Expense Account Sales Account Exercise 3.19 (2) Page 1
19 TAFE Accounting: To Trial Ex Solution in textbook Pak To Hau Commission Income Account ors Control Account Discount Income Account Wages Account Advertising Account Insurance Account Sales Returns and Allowances Account Purchases Returns and Allowances Account Exercise 3.19 (3) Page 1
20 TAFE Accounting: To Trial Pak To Hau Trial as at 31 July 2009 Account name Exercise 3.19 (4) Page 1
21 TAFE Accounting: To Trial Ex Mac's Cameras A1 Cash at Bank Account 1-Jan-11 6,000 Dr 31-Jan-11 Sundries CRJ 8,106 14,106 Dr Sundries CPJ 3,113 10,993 Dr A2 Debtors Control Account 1-Jan-11 5,400 Dr Late Fees Income & GST Collected GJ 22 5,422 Dr 31-Jan-11 Bad Debts & GST Collected GJ 660 4,762 Dr Cash at bank CRJ 522 4,240 Dr Sales & GST Collected SJ 2,420 6,660 Dr Sales Returns & GST Collected SRJ 77 6,583 Dr A3 Land and Buildings Account 1-Jan-11 50,000 Dr A4 Motor Vehicles Account 1-Jan-11 14,500 Dr A5 Stock Account 1-Jan-11 7,100 Dr L1 ors Control Account 1-Jan-11 2,200 Cr 31-Jan-11 Discount Income & GST Paid CPJ 33 2,167 Cr Cash at bank CPJ 1,100 1,067 Cr Purchases & GST Paid PJ 605 1,672 Cr Purchases Returns & GST Paid PRJ 176 1,496 Cr L2 Mortgage Loan Account 1-Jan-11 45,000 Cr Exercise 3.20 Page 1
22 TAFE Accounting: To Trial Ex Mac's Cameras L3 GST Collected Account 1-Jan-11 1,200 Cr Debtors Control GJ 2 1,202 Cr 28-Jan-11 Cash at Bank CPJ 1,200 2 Cr 31-Jan-11 Debtors Control GJ Dr Cash at Bank CRJ Cr Debtors Control SJ Cr Debtors Control SRJ Cr L4 GST Paid Account 1-Jan Dr 10-Jan-11 Drawings GJ Dr 15-Jan-11 Cash at Bank CRJ Dr 28-Jan-11 Cash at Bank CPJ Cr 31-Jan-11 ors Control CPJ 3 31 Cr Cash at Bank CPJ Dr ors Control PJ Dr ors Control PRJ Dr OE1 Capital - C. Nguyen Account 1-Jan-11 OE2 Drawings - C. Nguyen Account 36,350 Cr 1-Jan-11 2,400 Dr 10-Jan-11 Purchases GJ 330 2,730 Dr 19-Jan-11 Cash at bank CPJ 100 2,830 Dr R1 Sales Account 1-Jan-11 21,000 Cr 31-Jan-11 Cash at bank CRJ 6,860 27,860 Cr Debtors control SJ 2,200 30,060 Cr R1A Sales Returns and Allowances Account 1-Jan Dr 31-Jan-11 Debtors control SRJ Dr Exercise 3.20 (2) Page 1
23 TAFE Accounting: To Trial Ex Mac's Cameras R2 Interest Income Account 1-Jan-11 1,000 Cr 26-Jan-11 Cash at bank CRJ 60 1,060 Cr R3 Discount Income Account 1-Jan Cr 31-Jan-11 ors control CPJ Cr R4 Late Fees Income Account 1-Jan-11 Debtors Control GJ Cr E1 Purchases Account 1-Jan-11 12,700 Dr 10-Jan-11 Drawings - C Nguyen GJ ,400 Dr 31-Mar-11 Cash at bank CPJ ,970 Dr ors control PJ ,520 Dr E1A Purchases Returns and Allowances Account 1-Jan Cr 31-Jan-11 ors control PRJ Cr E2 Discount Expense Account 1-Jan Dr E3 Wages Account 1-Jan-11 6,000 Dr 31-Jan-11 Cash at bank CPJ 460 6,460 Dr E4 Insurance Account 1-Jan Dr 28-Jan-11 Cash at bank CPJ Dr Exercise 3.20 (3) Page 1
24 TAFE Accounting: To Trial Ex Mac's Cameras E5 Bad Debts Account 1-Jan Dr 31-Jan-11 Debtors control GJ 600 1,100 Dr E6 Repairs Account 1-Jan Dr E7 Merchant Fees Expense Account 1-Jan Dr 15-Jan-11 Cash at Bank CRJ Dr Ex Mac's Cameras Trial as at 31 January 2011 Account name A1 Cash at bank 10,993 A2 Debtors control 6,583 A3 Land and buildings 50,000 A4 Motor vehicles 14,500 A5 Stock 7,100 L1 ors control 1,496 L2 Mortgage loan 45,000 L3 GST collected 841 L4 GST paid 81 P1 Capital - C Nguyen 36,350 P2 Drawings - C Nguyen 2,830 R1 Sales 30,060 R1A Sales returns & allownces 970 R2 Interest income 1,060 R3 Discount income 130 R4 Late fees income 20 E1 Purchases 13,520 E1A Purchase returns & allowances 860 E2 Discount expense 200 E3 Wages 6,460 E4 Insurance 260 E5 Bad debts 1,100 E6 Repairs 800 E7 Merchant Fees expense , ,817 Exercise 3.20 (4) Page 1
25 TAFE Accounting: To Trial Ex Schmidt's Electrical 001 Cash at Bank Account 1-Jul-09 11,300 Dr 31-Jul-09 Sundries CRJ 5,814 17,114 Dr Sundries CPJ 2,887 14,227 Dr 002 Debtors Control Account 1-Jul-09 3,000 Dr 9-Jul-09 Bad Debts & GST Collected GJ 1,540 1,460 Dr 31-Jul-09 Discount Expense & GST Collected CRJ 11 1,449 Dr Cash at Bank CRJ 1, Dr Sales & GST Collected SJ 2,255 2,549 Dr Sales Returns & GST Collected SRJ 187 2,362 Dr 003 Sundry Debtor - A Dargo Account 22-Jul-09 Office Equipment & GST Collected GJ Dr 004 Stock Account 1-Jul-09 6,200 Dr 005 Motor Vehicles Account 1-Jul-09 12,500 Dr 006 Furniture and Fittings Account 1-Jul-09 2,800 Dr 2-Jul-09 Sundry creditor - Fitto Co GJ 1,000 3,800 Dr 007 Office Equipment Account 1-Jul-09 1,900 Dr 22-Jul-09 Sundry debtor - A Dargo GJ 300 1,600 Dr 008 Loan to AB Investments Account 1-Jul-09 6,000 Dr Exercise 3.21 Page 1
26 TAFE Accounting: To Trial Ex Schmidt's Electrical 101 ors Control Account 1-Jul-09 2,700 Cr 31-Jul-09 Late Fees Expense & GST Paid GJ 11 2,711 Cr Discount Income & GST Paid CPJ 22 2,689 Cr Cash at bank CPJ 450 2,239 Cr Purchases PJ 1,254 3,493 Cr Purchases returns & allowances PRJ 220 3,273 Cr 102 Sundry or - Fitto Co Account 2-Jul-09 Furniture and Fittings & GST Paid GJ 1,100 1,100 Cr 103 GST Collected Account 1-Jul-09 2,000 Cr 9-Jul-09 Debtors Control GJ 140 1,860 Cr 22-Jul-09 Sundry Debtor - A Dargo GJ 30 1,890 Cr 28-Jul-09 Cash at Bank CPJ 2, Dr 31-Jul-09 Debtors Control CRJ Dr Cash at Bank CRJ Cr Debtors Control SJ Cr Debtors Control SRJ Cr 104 GST Paid Account 1-Jul Dr 2-Jul-09 Sundry or - Fitto Co GJ Dr 8-Jul-09 Drawings GJ Dr 14-Jul-02 Cash at Bank CPJ Dr 28-Jul-09 Cash at Bank CPJ Dr 31-Jul-09 ors Control GJ 1 91 Dr ors Control CPJ 2 89 Dr Cash at Bank CPJ Dr ors Control PJ Dr ors Control PRJ Dr 201 Capital - N Schmidt Account 1-Jul-09 39,600 Cr Exercise 3.21 (2) Page 1
27 TAFE Accounting: To Trial Ex Schmidt's Electrical 202 Drawings - N Schmidt Account 8-Jul-09 Purchases GJ Dr Cash at bank CPJ Dr 301 Sales Account 31-Jul-09 Cash at bank CRJ 4,210 4,210 Cr Debtors control SJ 2,050 6,260 Cr 302 Sales Returns and Allowances Account 31-Jul-09 Debtors control SRJ Dr 304 Discount Income Account 31-Jul-09 ors control CPJ Cr 305 Interest Income Account 17-Jul-09 Cash at bank CRJ Cr 401 Purchases Account 8-Jul-09 Drawings - N Schmidt GJ Cr 31-Jul-09 Cash at bank CPJ Dr ors control PJ 1,140 1,420 Dr 402 Purchases Returns and Allowances Account 31-Jul-09 ors control PRJ Cr 403 Discount Expense Account 31-Jul-09 Debtors control CRJ Dr 404 Advertising Account 7-Jul-09 Cash at bank CPJ Dr 30-Jul-09 Wages GJ Dr Exercise 3.21 (3) Page 1
28 TAFE Accounting: To Trial Ex Schmidt's Electrical 405 Bad Debts Account 9-Jul-09 Debtors control GJ 1,400 1,400 Dr 406 Wages Account 30-Jul-09 Advertising GJ Cr Cash at bank CPJ Dr 407 Repairs Account 23-Jul-09 Cash at bank CPJ Dr 408 Late Fees Expense Account 31-Jul-09 ors control GJ Dr 411 Merchant Fees Expense Account 14-Jul-09 Debtors control CRJ Dr Exercise 3.21 (4) Page 1
29 TAFE Accounting: To Trial Ex Schmidt's Electrical Trial as at 31 July 2009 Account name 001 Cash at bank 14, Debtors control 2, Sundry debtor - A Dargo Stock 6, Motor vehicles 12, Furniture and fittings 3, Office equipment 1, Loan to A B Investments 6, ors control 3, Sundry creditor - Fitto Co 1, GST collected GST paid Capital - N Schmidt 39, Drawings - N Schmidt Sales 6, Sales returns & allowances Discount income Interest income Purchases 1, Purchases returns & allowances Discount expense Advertising Bad debts 1, Wages Repairs Late fees expense Merchant fees expense 20 51,001 51,001 Exercise 3.21 (5) Page 1
30 TAFE Accounting: To Trial Ex Happy Hardware 1.1 Cash at Bank Account 1-Jul-11 2,700 Dr 31-Jul-11 Sundries CRJ 6,601 9,301 Dr Sundries CPJ 3,288 6,013 Dr 1.2 Debtors Control Account 1-Jul-11 2,100 Dr 9-Jul-11 Bad Debts & GST Collected GJ 385 1,715 Dr 31-Jul-11 Discount Expense & GST Collected CRJ 11 1,704 Dr Cash at bank CRJ 320 1,384 Dr Sales & GST Collected SJ 1,463 2,847 Dr Sales Returns & GST Collected SRJ 99 2,748 Dr 1.3 Stock - Kitchenware Account 1-Jul Stock - Crockery Account 1-Jul-11 2,300 Dr 2,000 Dr 1.5 Motor Vehicles Account 1-Jul-11 9,400 Dr 16-Jul-11 Sundry or - Milton Motors GJ 11,400 20,800 Dr 1.6 Premises Account 1-Jul-11 65,000 Dr 1.7 Furniture and Fittings Account 1-Jul-11 9,500 Dr Exercise 3.22 Page 1
31 TAFE Accounting: To Trial Ex Happy Hardware 2.1 ors Control Account 1-Jul-11 2,500 Cr 31-Jul-11 Discount Income & GST Paid CPJ 22 2,478 Cr Cash at bank CPJ 380 2,098 Cr Purchases & GST Paid PJ 1,804 3,902 Cr Purchases Returns & GST Paid PRJ 44 3,858 Cr 2.2 Mortgage on Premises Account 1-Jul Sundry or - Milton Motors Account 50,000 Cr 16-Jul-11 Motor vehicles & GST paid GJ 12,540 12,540 Cr 2.4 GST Collected Account 1-Jul-11 2,200 Cr 24-Jul-11 Debtors Control GJ 35 2,165 Cr 24-Jul-11 Cash at Bank CPJ 2, Dr 31-Jul-11 Debtors Control CRJ 1 36 Dr Cash at Bank CRJ Cr Debtors Control SJ Cr Debtors Control SRJ Cr 2.5 GST Paid Account 1-Jul Dr 10-Jul-11 Drawings GJ Dr 16-Jul-11 Sundry or - Milton Motors GJ 1,140 1,824 Dr 28-Jul-11 Cash at Bank CPJ 700 1,124 Dr 31-Jul-11 ors Control CPJ 2 1,122 Dr Cash at Bank CPJ 68 1,190 Dr ors Control PJ 164 1,354 Dr ors Control PRJ 4 1,350 Dr Exercise 3.22 (2) Page 1
32 TAFE Accounting: To Trial Ex Happy Hardware 3.1 Capital - R Ratnayake Account 1-Jul Drawings - R Ratnayake Account 39,000 Cr 10-Jul-11 Purchases & GST Paid GJ Dr 29-Jul-11 Cash at Bank CPJ Dr 4.1 Sales - Kitchenware Account 31-Jul-11 Cash at Bank CRJ 2,680 2,680 Cr Debtors Control SJ 510 3,190 Cr 4.2 Sales - Crockery Account 31-Jul-11 Cash at Bank CRJ 2,930 2,930 Cr Debtors Control SJ 820 3,750 Cr 4.3 Sales Returns and Allowances - Kitchenware Account 31-Jul-11 Debtors Control SRJ Dr 4.4 Sales Returns and Allowances - Crockery Account 31-Jul-11 Debtors Control SRJ Dr 4.5 Discount Income Account 31-Jul-11 ors Control CPJ Cr 4.6 Commission Income Account 19-Jul-11 Cash at Bank CRJ Cr 5.1 Purchases - Kitchenware Account 10-Jul-11 Drawings GJ Cr 31-Jul-11 Cash at bank CPJ Dr ors control PJ 1,240 1,380 Dr Exercise 3.22 (3) Page 1
33 TAFE Accounting: To Trial Ex Happy Hardware 5.2 Purchases - Crockery Account 31-Jul-11 Cash at Bank CPJ Dr ors Control PJ Dr 5.3 Purchases Returns and Allowances - Kitchenware Account 31-Jul-11 ors Control PRJ CR 5.5 Discount Expense Account 31-Jul-11 Debtors Control CRJ Dr 5.6 Wages Account 31-Jul-11 Cash at Bank CPJ Dr 5.7 Repairs Account 24-Jul-11 Cash at bank CPJ Dr 5.8 Bad Debts Account 24-Jul-11 Debtors control GJ Dr Exercise 3.22 (4) Page 1
34 TAFE Accounting: To Trial Ex Happy Hardware Trial as at 31 July 2011 Account name 1.1 Cash at bank 6, Debtors control 2, Stock - kitchenware 2, Stock - crockery 2, Motor vehicles 20, Premises 65, Funiture & Equipment 9, ors control 3, Mortgage on premises 50, Sundry creditor - Milton Motors 12, GST collected GST paid 1, Capital - R Ratnayake 39, Drawings - R Ratnayake Sales - kitchenware 3, Sales - crockery 3, Sales returns & allowances - kitchenware Sales returns & allowances - crockery Discount income Commission income Purchases - kitchenware 1, Purchases - crockery Purchases returns & allowances - kitchenware Discount expense Wages Repairs Bad debts , ,157 Exercise 3.22 (5) Page 1
35 TAFE Accounting: To Trial Ex Miranda Bangle General Journal 1-May-11 Cash at bank 7,000 Stock 11,000 Vehicle 12,000 Loan from Nubank 10,000 Capital - M Bangle 20,000 Assets and liabilities introduced by owner to commence business 5-May-11 Furniture 1,000 GST Paid 100 Sundry or - JR Co 1,100 Purchased furniture on credit (Inv Z40) 19-May-11 Drawings - M Bangle 264 Purchases 240 GST Paid 24 Withdrawal of stock by owner Exercise 3.23 Page 1
36 TAFE Accounting: To Trial Ex Miranda Bangle Cash Receipts Journal Receipt Discount Expense Debtors Cash Sundries GST Bank Number Debtors Control GST Collected Discount Expense Control Sales Collected 2-May-11 Sales CRS 1, , May-11 Sales CRS 1, Commission Income , May-11 Sales CRS 1, , May-11 J Bull , ,560 Ex Miranda Bangle Cash Payments Journal Cheque Discount Income ors Cash Wages Sundries GST Bank Number ors Control GST Paid Discount Income Control Purchases Paid 3-May-11 Purchases May-11 Rent expense May-11 Wages May-11 Drawings - M Bangle May-11 Jewellery Makers May-11 Loan from Nubank 706 1,000 1, May-11 Advertising , ,600 Exercise 3.23 (2) Page 1
37 TAFE Accounting: To Trial Ex Miranda Bangle Sales Journal Date Debtor Folio Invoice Sales GST Debtors Number Collected Control 4-May-11 J Bull May-11 T Whisto May-11 F Rose 3 1, ,320 2, ,310 Ex Miranda Bangle Purchases Journal Date or Folio Invoice Purchases GST ors Number Paid Control 1-May-11 Jewellery Makers T May-11 TV Watch Co May-11 Bracelets Ltd A432 1, ,210 2, ,860 Ex Miranda Bangle Sales Returns and Allowances Journal Date Debtor Folio Adj Sales GST Debtors note no. Returns Collected Control 13-May-11 T Whisto Ex Miranda Bangle Purchases Returns and Allowances Journal Date or Folio Adj Purchases GST ors note no. Returns Paid Control 5-May-11 Jewellery Makers Exercise 3.23 (3) Page 1
38 TAFE Accounting: To Trial Ex Miranda Bangle Cash at Bank Account 1-May-11 Capital - M Bungle GJ 7,000 7,000 Dr 31-May-11 Sundries CRJ 5,560 12,560 Dr Sundries CPJ 3,600 8,960 Dr Stock Account 1-May-11 Capital - M Bungle GJ 11,000 11,000 Dr Vehicle Account 1-May-11 Capital - M Bungle GJ 12,000 12,000 Dr Loan from Nubank Account 1-May-11 Capital - M Bungle GJ 10,000 10,000 Cr 22-May-11 Cash at bank CPJ 1,000 9,000 Cr Capital - M Bangle Account 1-May-11 Sundries GJ 20,000 Cr Furniture Account 5-May-11 Sundry or - JR Co GJ 1,000 1,000 Dr GST Paid Account 5-May-11 Sundry or - JR Co GJ Dr 19-May-11 Drawings - M Bangle GJ Dr 31-May-11 ors Control CPJ 2 74 Dr Cash at Bank CPJ Dr ors Control PJ Dr ors Control PRJ Dr Sundry or - JR Co Account 5-May-11 Furniture & GST Paid GJ 1,100 1,100 Cr Exercise 3.23 (4) Page 1
39 TAFE Accounting: To Trial Ex Miranda Bangle Drawings Account 10-May-11 Cash at bank CPJ Dr 19-May-11 Purchases & GST Paid GJ Dr Purchases Account 19-May-11 Drawings - M Bangle GJ Cr 31-May-11 Cash at Bank CPJ Dr ors Control PJ 2,600 2,960 Dr Debtors Control Account 31-May-11 Discount Expense & GST Collected CRJ Cr Cash at Bank CRJ Cr Sales & GST Collected SJ 2,310 1,513 Dr Sales Returns & GST Collected SRJ 66 1,447 Dr GST Collected Account 31-May-11 Debtors Control CRJ 2 2 Dr Cash at Bank CRJ Cr Debtors Control SJ Cr Debtors Control SRJ Cr Discount Expense Account 31-May-11 Debtors Control CRJ Dr Sales Account 31-May-11 Debtors Control CRJ 4,300 4,300 Cr Cash at bank SJ 2,100 6,400 Cr Commission Income Account 16-May-11 Cash at bank CRJ Cr Exercise 3.23 (5) Page 1
40 TAFE Accounting: To Trial Ex Miranda Bangle ors Control Account 31-May-11 Discount Income & GST Paid CPJ Dr Cash at Bank CPJ Dr Purchases & GST Paid PJ 2,860 2,158 Cr Purchases Returns & GST Paid PRJ 110 2,048 Cr Discount Income Account 31-May-11 ors Control CPJ Cr Wages Account 31-May-11 Cash at Bank CPJ Dr Rent Expense Account 4-May-11 Cash at Bank CPJ Dr Advertising Account 31-May-11 Cash at Bank CPJ Dr Sales Returns and Allowances Account 31-May-11 Debtors Control SRJ Dr Purchases Returns and Allowances Account 31-May-11 ors Control PRJ Cr Exercise 3.23 (6) Page 1
41 TAFE Accounting: To Trial Ex Miranda Bangle Trial as at 31 May 2011 Account name Cash at bank 8,960 Stock 11,000 Vehicle 12,000 Loan from Nubank 9,000 Capital - M Bangle 20,000 Furniture 1,000 GST paid 444 Sundry creditor - JR Co 1,100 Drawings 464 Purchases 2,960 Debtors control 1,447 GST collected 637 Discount expense 20 Sales 6,400 Commission income 50 ors control 2,048 Discount income 20 Wages 400 Rent expense 400 Advertising 200 Sales Returns & Allowances 60 Purchases Returns & Allowances ,355 39,355 Exercise 3.23 (7) Page 1
42 TAFE Accounting: To Trial Ex I Drill Furniture Account 16-May-08 Sundry or - Mal's Furniture GJ 1,400 1,400 Dr GST Paid Account 16-May-08 Sundry or - Mal's Furniture GJ Dr Drawings GJ Dr 31-May-08 Cash at Bank CPJ 2,926 3,056 Dr Sundry or - Mal's Furniture Account 16-May-08 Furniture & GST Paid GJ 1,540 1,540 Cr Drawings Account 26-May-08 Supplies & GST Paid GJ Dr Supplies Account 26-May-08 Loan to M Algum GJ Cr 31-May-08 Cash at bank CPJ 4,600 4,500 Dr Debtors Control Account 31-May-08 Cash at bank CRJ Cr Service fees SJ Dr Service Fees Account 31-May-08 Cash at bank CRJ 3,100 3,100 Cr Debtors control SJ 580 3,680 Cr Capital - I Drill Account 10-May-08 Cash at bank CRJ 50,000 50,000 Cr GST Collected Account 31-May-08 Cash at bank CRJ Cr Debtors control SJ Cr Exercise 3.24 Page 1
43 TAFE Accounting: To Trial Ex I Drill Cash at Bank Account 31-May-08 Sundries CRJ 53,576 53,576 Dr Sundries CPJ 32,636 20,940 Dr Wages Account 31-May-08 Cash at bank CPJ Dr Repairs Account 31-May-08 Cash at bank CPJ Dr Lease Payments - Premises Account 13-May-08 Cash at bank CPJ Dr Equipment Account 14-May-08 Cash at bank CPJ 23,000 23,000 Dr Insurance Account 21-May-08 Cash at bank CPJ Dr Ex I Drill Trial as at 31 May 2008 Account name Furniture 1,400 GST paid 3,056 Sundry creditor - Mal's Furniture 1,540 Drawings 110 Supplies 4,500 Debtors control 472 Service fees 3,680 Capital - I Drill 50,000 GST collected 368 Cash at bank 20,940 Wages 450 Repairs 110 Lease payments - premises 950 Dental equipment 23,000 Insurance ,588 55,588 Exercise 3.24 (2) Page 1
44 TAFE Accounting: To Trial Ex Sleep's Relaxation Centre Equipment Account 5-Jun-09 Sundry creditor - Relaxaquip GJ Dr 7-Jun-09 Capital - L Sleep GJ 900 1,400 Dr GST Paid Account 5-Jun-09 Sundry creditor - Relaxaquip GJ Dr 30-Jun-09 Cash at bank CPJ Dr Sundry or - Relaxaquip Account 5-Jun-09 Equipment & GST paid GJ Cr Capital - L Sleep Account 1-Jun-09 Cash at bank CRJ 10,000 10,000 Cr 7-Jun-09 Equipment GJ ,900 Cr 22-Jun-09 wages GJ ,100 Cr Wages Account 22-Jun-09 Capital - L Sleep GJ Dr 30-Jun-09 Cash at bank CPJ Dr Service Fees - Massage Account 30-Jun-09 Cash at bank CRJ 1,440 1,440 Cr Service Fees - Solarium Account 30-Jun-09 Cash at bank CRJ Cr GST Collected Account 30-Jun-09 Cash at bank CRJ Cr Cash at Bank Account 30-Jun-09 Sundries CRJ 12,002 12,002 Dr Sundries CPJ 3,957 8,045 Dr Exercise 3.25 Page 1
45 TAFE Accounting: To Trial Ex Sleep's Relaxation Centre Rent Expense Account 30-Jun-09 Cash at bank CPJ Dr Advertising Account 30-Jun-09 Cash at bank CPJ Dr Laundry Expenses Account 30-Jun-01 Cash at bank CPJ Dr Insurance Account 30-Jun-01 Cash at bank CPJ 1,200 1,200 Dr Accountancy Fees Account 6-Jun-01 Cash at bank CPJ Dr Cleaning Expenses Account 13-Jun-01 Cash at bank CPJ Dr Telephone Account 28-Jun-01 Cash at bank CPJ Dr Exercise 3.25 (2) Page 1
46 TAFE Accounting: To Trial Ex Sleep's Relaxation Centre Trial as at 30 June 2009 Account name Equipment 1,400 GST paid 327 Sundry creditor - Relaxaquip 550 Capital - L Sleep 11,100 Wages 750 Service fees - massage 1,440 Service fees - solarium 380 GST collected 182 Cash at bank 8,045 Rent expense 800 Advertising 520 Laundry expenses 90 Insurance 1,200 Accountancy fees 100 Cleaning expenses 20 Telephone ,652 13,652 Exercise 3.25 (3) Page 1
47 TAFE Accounting: To Trial Ex Happy Nappies Washing Machines Account 6-Nov-09 Sundry creditor - Dandy Machines GJ 3,200 3,200 Dr GST Paid Account 6-Nov-09 Sundry creditor - Dandy Machines GJ Dr 21-Nov-09 Drawings GJ Dr 30-Nov-09 ors control - Nifty Chemicals GJ Dr ors control PJ Dr Cash at bank CPJ Dr Sundry or - Dandy Machines Account 6-Nov-09 Washing Machines & GST Paid GJ 3,520 3,520 Cr Delivery Van Account 23-Nov-09 Capital - S Craper GJ 8,000 8,000 Dr Capital - S Craper Account 1-Nov-09 Cash at bank CRJ 10,000 10,000 Cr 9-Nov-09 Delivery van GJ 8,000 18,000 Cr Drawings Account 26-Nov-09 Purchases - Chemicals GJ Dr Purchases - Chemicals Account 26-Nov-09 Drawings GJ Cr 30-Nov-09 ors control GJ Cr ors control PJ Dr Cash at bank CPJ 2,000 2,500 Dr Service Fees Income Account 29-Nov-09 Debtors control GJ Dr 30-Nov-09 Debtors control SJ 4,480 4,460 Cr Cash at bank CRJ 220 4,680 Cr Exercise 3.26 Page 1
48 TAFE Accounting: To Trial Ex Happy Nappies GST Collected Account 29-Nov-09 Debtors control GJ 2 2 Dr 30-Nov-09 Debtors control SJ Cr Cash at bank CRJ Cr Debtors Control Account 29-Nov-09 Service fees income & GST collected GJ Cr 30-Nov-09 Service fees income & GST collected SJ 4,928 4,906 Dr Cash at bank CRJ 88 4,818 Dr ors Control - Chemicals Account 30-Nov-09 Purchases - chemicals & GST Paid GJ Dr Purchases - chemicals & GST Paid PJ Cr Cash at bank CPJ Cr Cash at Bank Account 30-Nov-09 Sundries CRJ 10,330 10,330 Dr Sundries CPJ 4,261 6,069 Dr Wages Account 30-Nov-09 Cash at bank CPJ Dr Motor Vehicles Expenses Account 30-Nov-09 Cash at bank CPJ Dr Advertising Account 13-Nov-09 Cash at bank CPJ Dr 21-Nov-09 Cash at bank CPJ Dr Rent Expense Account 21-Nov-09 Cash at bank CPJ Dr Exercise 3.26(2) Page 1
49 TAFE Accounting: To Trial Ex Happy Nappies Insurance Account 6-Nov-09 Cash at bank CPJ Dr Stationery Account 21-Nov-09 Cash at bank CPJ Dr Repairs Account 30-Nov-09 Cash at bank CPJ Dr Ex Happy Nappies Trial as at 30 November 2009 Account name Washing machines 3,200 GST paid 731 Sundry creditor - Dandy Machines 3,520 Delivery Van 8,000 Capital - S Craper 18,000 Drawings 110 Purchases - Chemicals 2,500 Service fees income 4,680 GST collected 468 Debtors control 4,818 ors control - Chemicals 550 Cash at bank 6,069 Wages 180 Motor vehicle expenses 350 Advertising 180 Rent expense 200 Insurance 400 Stationery 80 Repairs ,218 27,218 Exercise 3.26(3) Page 1
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