manual recording and computerised accounting using MYOB

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required to record business transactions for a business using manual recording systems as well as MYOB double entry accounting software (MYOB edition 19.11)

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Explanation & Answer

Attached.

GENERAL JOURNAL
Transactions for March
Date
Account
1/3/2018 Rent expense

1/3/2018

3/3/2018

3/3/2018

4/3/2018

4/3/2018

Prepaid Rent
bank
payment of two months rent
Apple iPhone 7
Bank
Purchaseof a new Apple iPhone 7
Vehicle Expense
GST
Bank
Payment of vehicle expense
Scuba Gear Ltd
Bank
Payment to Scuba foR february account
bank
Swimmers World
Payment of feb account by Swimmers World
Advertising
GST

bank
Payment of advertisment to Williamville Times
4/3/2018 bank
GST
Sales

Debit

$ 1,100.00
$ 1,100.00

$ 1,320.00

$
$

170.00
17.00

$

1,280.00

$

2,350.00

$
$

180.00
18.00

$

5,038.00

$
$

200.00
20.00

$

600.00

$

2,330.00

$
$

4,270.00
427.00

$

4,521.00

cash sale of 10xSDS,6xWDS,20xLDM
4/3/2018 Electricity Bill

5/3/2018

8/3/2018

9/3/2018

9/3/2018

GST
bank
payment of feb electricity bill
bank
Lessons Revenue
Payment of introductory diving classes by 4 customers
SeaWorld Publishers
bank
payment to seaworld for february account
Inventory
GST
Scuba Gear Ltd
Planet Dives Ltd
SeaWorld Publishers
Purchase of 25xSDS,6xWDS,12xLDM on credit
Swimmers World
GST
Sales

Credit sale to Swimmers World for 15xSDS,18xLDM
10/3/2018 Swimmers World
GST
Lessons Revenue
sales invoice to swimmers for the lessons revenue
10/3/2018 Kate
Simon
PAYg
bank
payment of wages
12/3/2018 Inventory
GST
SeaWorld Publishers
Scuba Gear Ltd
Purchase of 10xLDM,10xSDS
14/3/2018 bank
Berwck Field Secondary College
Payment for february account by Berwick
14/3/2018 bank
GST
Sales
Cash sale of 10xSDS,12xLDM
16/3/2018 Owners Drawings
GST
bank
Cash drawings payable to the owner
16/3/2018 Planet Dives Ltd
bank
payment to planet ives for february account
18/3/2018 bank
GST
Sales
Cash sale of inventory,12xSDS,10xWDS
19/3/2018 bank
GST
Advance Lessons Revenue
Advance payment of lessons revenue
24/3/2018 ANZ Bank loan
Interest
bank
Monthly payment of loan
24/3/2018 Simon
Kate
PAY G
bank
payment of wages
25/3/2018 Telephone Expense
GST
bank
Payment of telephone expense to Telstra

$

1,650.00

$
$

532.00
330.00

$
$

1,400.00
140.00

$

1,940.00

$

3,014.00

$
$

3,545.45
354.55

$

944.00

$

6,380.00

$

2,574.00

$
$

300.00
50.00

$
$

450.00
494.00

$
$

350.00
35.00

26/3/2018

29/3/2018

31/3/2018

Owners Drawings
GST
bank
drawings by the owner
bank
Swimmers World
payment by swimmers wold for goods purchased on march 9
Postage Expense
GST
bank
Payment of postage expense

$
$

2,272.73
227.27

$

4,521.00

$
$

100.00
10.00

GENERAL JOURNAL
Credit

Chq No

Date
31/3/2018

$

2,200.00

90

$

1,320.00

91

$

187.00

92

$

1,280.00

93

$

2,350.00

$

198.00

$
$

458.00
4,580.00

$

220.00

$

600.00

$

2,330.00

94

95

96

$
$
$

3,575.00
990.00
132.00

$
$

411.00
4,110.00

Adjustments at 31 March
Account
Closing Inventory
MotoRvehicle Depreciation
Diving Equipment Depreciation
Accrued wages Simon
Accrued wages Kate
Accrued Electricity

Debit
Credit
$ 3,630
$
225
$
500
$
330
$
456
$
450

$
$

150.00
1,500.00
97
98

$
$

228.00
862.00

$
$

110.00
1,430.00

$

1,940.00

$
$

274.00
2,740.00

$

3,900.00

99

$

944.00

100

$
$

580.00
5,800.00

$
$

234.00
2,340.00

$

350.00

101
102
103

$
$

306.00
944.00

$

385.00

104

$

2,500.00

$

4,521.00

$

110.00

105

106

Bank Account
Date Description
Debit
1/3/2018 Balanc B/d
$ 16,096.00
Rent Expense
Prepaid Rent
Apple iPhone 7
3/3/2018 Vehicle Expene
Scuba Gear Ltd
4/3/2018 Swimmers World
$ 2,350.00
Advertising
Sales
$ 5,038.00
Electricity bill
5/3/22018 Lessons revenue
$
600.00
8/3/2018 Seaworld Peblishers
10/3/2018 Wages
14/3/2018 Berwick Field Secondary College
$ 1,940.00
14/3/2018 Sales
$ 3,014.00
16/3/2018 Owners Drawings
16/3/2018 Planet Dives Ltd
18/3/2018 Sales
$ 6,380.00
19/3/2018 Unearned Lessons Revenue
$ 2,574.00
24/3/2018 ANZ bank loan
Interest
24/3/2018 Wages
25/3/2018 Telephone expense
26/3/2018 Owners Drawings
29/3/2018 Swimmers World
$ 4,521.00
31/3/2018 Postage expense

Date
1/3/2018
4/3/2018
9/3/2018
10/3/2018
14/3/2018
29/3/2018

Credit
$
$
$
$
$

1,100.00
1,100.00
1,320.00
187.00
1,280.00

$

198.00

$

220.00

$
$

2,330.00
1,090.00

$
$

3,900.00
944.00

$
$
$
$
$

300.00
50.00
1,250.00
385.00
2,500.00

$

110.00

Balance
$ 16,096.00
$ 14,996.00
$ 13,896.00
$ 12,576.00
$ 12,389.00
$ 11,109.00
$ 13,459.00
$ 13,261.00
$ 18,299.00
$ 18,079.00
$ 18,679.00
$ 16,349.00
$ 15,259.00
$ 17,199.00
$ 20,213.00
$ 16,313.00
$ 15,369.00
$ 21,749.00
$ 24,323.00
$ 24,023.00
$ 23,973.00
$ 22,723.00
$ 22,338.00
$ 19,838.00
$ 24,359.00
$ 24,249.00

Accounts Receivable/Trade Debtors
Description
Debit
Credit
Balance b/d
$ 8,690.00
Bank
$ 2,350.00
Sales
$ 4,521.00
Lessons Revenue
$ 1,650.00
Bank
$ 1,940.00
Bank
$ 4,521.00

Balance
$ 8,690.00
$ 6,340.00
$ 10,861.00
$ 12,511.00
$ 10,571.00
$ 6,050.00

Date
1/3/2018
9/3/2018
12/3/2018
4/3/2018
9/3/2018
14/3/2018
18/3/2018

Description
Balance b/d
Trade Creditors
Trade Creditors
Sales
Sales
Sales
Sales

Inventory
Debit
$ 6,970.00
$ 4,270.00
$ 1,400.00

Credit

$
$
$
$

2,400.00
2,130.00
1,420.00
3,060.00

Balance
$ 6,970.00
$ 11,240.00
$ 12,640.00
$ 10,240.00
$ 8,110.00
$ 6,690.00
$ 3,630.00

Date Description
1/3/2018 Bank

Prepaid Rent
Debit
$ 1,000.00

Credit

Balance
$ 1,000.00

Date Description
1/3/2018 Balance b/d

Shop Fittings at Cost
Debit
$ 5,750.00

Credit

Balance
$ 5,750.00

Cre...


Anonymous
Really great stuff, couldn't ask for more.

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