ACCOUNTING STATEMENT ANALYSIS

Running head: ACCOUNITNG STATEMENT ANALYSIS
Accounting Statement Analysis
Name of the Student:
Name of the University:
Author’s Note:

ACCOUNTING STATEMENT ANALYSIS1
Table of Contents
General Journal:...............................................................................................................................2
Stock Card:......................................................................................................................................4
Revenue section of Income Statement.............................................................................................6
Bibliography....................................................................................................................................7

ACCOUNTING STATEMENT ANALYSIS2
General Journal:
STACKS PTY LTD
General Journal
Date Explanations Debit Credit
2-Jun-19 Electricity expense $ 650
Cash $ 650
(To record payment of electricity
expenses)
3-Jun-19 Telephone Expense $ 124
GST Paid $ 12
Telephone Expense Payable $ 136
(To record telephone expenses
payable)
4-Jun-19
Accounts payable-Waterhouse
Stationeries $ 500
Cash $ 500
(To record cash paid to Waterhouse
Stationeries)
8-Jun-19 Inventory $ 300
GST Paid $ 30
Accounts payable-Watrehouse
Stationery $ 330
(To record purchase of inventory)
9-Jun-19 Advertising expenses $ 132
Advertising expenses payable $ 132
(To record advertising expenses
payable)
18-Jun-19 Cash $ 40,000
Capital-Steven $ 40,000
(To record capital introduced by
Steven)
20-Jun-19 Advertising expenses payable $ 132
Cash $ 132
(To record payment of advertising
expenses)