logo

Journal Entries Assignment | Accounting Assignment

11 Pages1664 Words73 Views
   

Added on  2020-04-07

Journal Entries Assignment | Accounting Assignment

   Added on 2020-04-07

ShareRelated Documents
Task – 1 Complete all journal entries required for the month of June.Violet Chan's Consultancy Pty LtdJournal Entries for the month of June, 2016Date Account Dr Cr 01-Jun-16Cash15,000Capital15,000(Being capital introduced)04-Jun-16Computer - at cost1,200Accounts Payable1,200(Being computer purchased)05-Jun-16Cash500Consulting Fees500(Being cash received for services rendered)06-Jun-16Rent400Cash400(Being office rent paid)08-Jun-16Cash2,000Capital2,000(Being capital introduced)09-Jun-16Accounts Receivable500Consulting Fees500(Being amount billed)10-Jun-16Furniture - at cost3,400Accounts Payable3,400(Being furniture purchased)11-Jun-16Wages & Salaries1,500Cash1,500(Being salary paid)15-Jun-16Telephone65Cash65(Being telephone bill paid)16-Jun-16Office cleaning231Cash231(Being office cleaning bill paid)20-Jun-16Rent400
Journal Entries Assignment | Accounting Assignment_1
Cash400(Being office rent paid)23-Jun-16Cash250Consulting Fees250(Being amount received from debtors)24-Jun-16Accounts Receivable4,800Consulting Fees4,800(Being amount billed)26-Jun-16Wages & Salaries1,500Cash1,500(Being salary paid)28-Jun-16Accounts payable3,400Cash3,400(Being amount paid for furniture purchased)30-Jun-16Advertising200Cash200(Being amount paid for advertising)30-Jun-16Depreciation300Computer - Accum Dep170Furniture - Accum Dep130(Being depreciation charged)
Journal Entries Assignment | Accounting Assignment_2
Task – 2 - Complete general ledger and calculate the closing balance of each accountViolet Chan's Consultancy Pty LtdDr.Cash Cr. DateAccount Amount DateAccount Amount 01-Jun-16Balance b/d 29,000 06-Jun-16Rent 400 01-Jun-16Capital 15,000 11-Jun-16Wages & Salaries 1,500 05-Jun-16Accounts Receivable 500 15-Jun-16Telephone 65 08-Jun-16Capital 2,000 16-Jun-16Office cleaning 231 23-Jun-16Accounts Receivable 250 20-Jun-16Rent 400 26-Jun-16Wages & Salaries 1,500 28-Jun-16Accounts payable 3,400 30-Jun-16Advertising 200 30-Jun-16Balance c/d 39,054 46,750 46,750 Dr.Accounts Receivable Cr. DateAccount Amount DateAccount Amount 01-Jun-16Balance b/d 5,500 09-Jun-16Consulting Fees 500 24-Jun-16Consulting Fees 4,800 30-Jun-16Balance c/d 10,800 10,800 10,800 Dr.Computer - at cost Cr. DateAccount Amount DateAccount Amount 01-Jun-16Balance b/d 8,000 30-Jun-16Balance c/d 9,200 04-Jun-16Accounts Payable 1,200 9,200 9,200 Dr.Computer - Accum Dep Cr. DateAccount Amount DateAccount Amount 30-Jun-16Balance c/d 2,170 01-Jun-16Balance b/d 2,000 30-Jun-16Depreciation 170 2,170 2,170 Dr.Furniture - at cost Cr. DateAccount Amount DateAccount Amount 01-Jun-16Balance b/d 5,000 30-Jun-16Balance c/d 8,400
Journal Entries Assignment | Accounting Assignment_3
10-Jun-16Accounts Payable 3,400 8,400 8,400 Dr.Furniture - Accum Dep Cr. DateAccount Amount DateAccount Amount 30-Jun-16Balance c/d 1,630 01-Jun-16Balance b/d 1,500 30-Jun-16Depreciation 130 1,630 1,630 Dr.Accounts Payable Cr. DateAccount Amount DateAccount Amount 28-Jun-16Cash 3,400 01-Jun-16Balance b/d 5,000 30-Jun-16Balance c/d 6,200 04-Jun-16Computer - at cost1,20010-Jun-16Furniture - at cost 3,400 9,600 9,600 Dr.Capital Cr. DateAccount Amount DateAccount Amount 30-Jun-16Balance c/d 52,000 01-Jun-16Balance b/d 35,000 01-Jun-16Cash 15,000 08-Jun-16Cash 2,000 52,000 52,000 Dr.Consulting Fees Cr. DateAccount Amount DateAccount Amount 30-Jun-16Balance c/d 37,812 01-Jun-16Balance b/d 31,762 05-Jun-16Cash 500 09-Jun-16Accounts Receivable 500 23-Jun-16Cash 250 24-Jun-16Accounts Receivable 4,800 37,812 37,812 Dr.Depreciation Cr. DateAccount Amount DateAccount Amount 01-Jun-16Balance b/d 3,500 30-Jun-16Balance c/d 3,800
Journal Entries Assignment | Accounting Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Assignment on Financial Accounting Task
|12
|1451
|48

Accounting Policies, Change in Accounting Estimates and Errors
|8
|1570
|22

Corporate Accounting for Jacky Ltd
|11
|2003
|151

Recording Journal Entries and Financial Statements for Desklib
|21
|2416
|256

ACC705 Accounting Assignment- Sam Ltd
|4
|690
|113

Recording Business Transactions (PDF)
|12
|2387
|466