This assignment covers journal entries for financial statements. It includes perpetual inventory using FIFO method. The journal entries include bank loan, insurance expense, motor vehicle purchase, rent paid, fixtures and fittings purchased, advertising expenses, goods purchased on credit, goods sold, training seminar ticket amount paid, goods purchased for cash, cash received from customers, drawings made, shop fixture repaired, wages paid, payment made for David’s credit card, payment made to suppliers, office cleaning expenses, goods sold on credit, laptop taken to be used in office, depreciation charged, telecommunications expenses outstanding, electricity expenses outstanding, and bad debts recorded. Course code, name, and university not mentioned.