Sonia Rani Books Ltd Sales Account

Running head: SONIA RANI BOOKS PTY LTD
SONIA RANI BOOKS PTY LTD
Name of the Student
Name of the University
Author notes

1
SONIA RANI BOOKS PTY LTD
Table of Contents
Accounts general ledger.............................................................................................................2
Sales account receivable..........................................................................................................14
Purchase accounts payable.......................................................................................................18
Banking....................................................................................................................................20
GST/ sales tax reports..............................................................................................................28
Inventory..................................................................................................................................32
References and bibliography....................................................................................................35

2
SONIA RANI BOOKS PTY LTD
Accounts general ledger
Account list summary
Sonia Rani Books Pty Ltd
Accounts List [Summary]
Account
Current
Balance
Assets $430,503.60
Current Assets $150,988.93
Cash On Hand ($11,463.00)
Cash at bank ($12,463.00)
Payroll Cheque Account $0.00
Cash Drawer $0.00
Petty Cash $1,000.00
Undeposited Funds $0.00
Electronic Clearing Account $0.00
Account Receivable $72,608.00
Less Prov'n for Doubtful Debts ($3,630.40)
Inventory $93,474.33
Withholding Credits $0.00
Voluntary Withholding Credits $0.00
ABN Withholding Credits $0.00
Other Assets $9,166.67
Prepayments $9,166.67

3
SONIA RANI BOOKS PTY LTD
Prepaid Insurance $0.00
Fixed Assets $270,348.00
Office Equipment $220,348.00
Shop Fixtures & Equip $346,200.00
Shop Furniture & Equ Accum Dep ($125,852.00)
Motor Vehicles $0.00
Motor Vehicles at Cost $0.00
Motor Vehicles Accum Dep $0.00
Leasehold Improvements $0.00
Improvements at Cost $0.00
Improvements Amortisation $0.00
Good will $50,000.00
Liabilities $301,711.63
Current Liabilities $51,711.63
Credit Cards $0.00
Bankcard $0.00
Diners Club $0.00
MasterCard $0.00
Visa $0.00
Account Payable $26,627.00
GST Liabilities $7,073.63
GST Collected $28,857.00
GST Paid ($21,783.37)
Fuel Tax Credits Accrued $0.00
WET Payable $0.00
Import Duty Payable $0.00
Voluntary Withholdings Payable $0.00
ABN Withholdings Payable $0.00
Luxury Car Tax Payable $0.00
Payroll Liabilities $9,000.00
Payroll Accruals Payable $0.00

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SONIA RANI BOOKS PTY LTD
PAYG Withholding Payable $9,000.00
Prov for dividend $0.00
Accrued Expenses $7,100.00
Interest payable $1,911.00
Long-Term Liabilities $250,000.00
Bank Loans $250,000.00
Other Long-Term Liabilities $0.00
Equity $128,791.97
Partners' Equity $120,000.00
Partner A $120,000.00
Issued & Paid up capital $120,000.00
Partner A Drawings $0.00
Partner B $0.00
Partner B Capital $0.00
Partner B Drawings $0.00
Retained Earnings $35,000.00
Current Year Earnings ($26,208.03)
Historical Balancing $0.00
Income $88,570.00
Sales A $88,570.00
Sales B $0.00
Sales C $0.00
Shipping Fees Collected $0.00
Late Fees Collected $0.00
Miscellaneous Income $0.00
Fuel Tax Credits $0.00
Cost of Sales $44,091.12
Cost of Sales $44,091.12

5
SONIA RANI BOOKS PTY LTD
Expenses $65,145.51
Accounting Fees $0.00
Advertising $4,090.91
Commissions $5,000.00
Depreciation Expense $5,852.00
Discounts $0.00
Discounts Given $0.00
Discounts Taken $0.00
Dues & Subscriptions $0.00
Insurance $833.33
Late Fees Paid $0.00
loss on sale of equip $300.00
Leasehold Improvements $0.00
Legal Fees $2,727.27
License Fees $900.00
Maintenance & Repairs $500.00
Office Supplies $165.00
Employment Expenses $40,110.00
Staff Amenities $0.00
Superannuation $3,000.00
Wages & Salaries $37,000.00
bank Charges $110.00
Electricity expense $0.00
Workers' Compensation $0.00
Other Employer Expenses $0.00
Postage $1,250.64
Rent $0.00
Shrinkage/Spoilage $0.00
Telephone $759.09
Travel & Entertainment $330.00
Services $2,327.27
cleaning expenses $227.27

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SONIA RANI BOOKS PTY LTD
Gas $0.00
Electricity $2,100.00
Water $0.00
Other Income $0.00
Interest Income $0.00
Other Expenses $5,541.40
Interest Expense $1,911.00
doubtful debt exp $3,630.40
Trial balance
Sonia Rani
Books Pty Ltd
Trial Balance
January 2020
Account Debit Credit YTD Debit YTD Credit
Cash at bank $0.00 $12,463.00
Petty Cash $0.00 $1,000.00
Account Receivable $0.00 $72,608.00
Less Prov'n for Doubtful
Debts
$0.00 $3,630.40
Inventory $0.00 $93,474.33
Prepayments $0.00 $9,166.67
Shop Fixtures & Equip $0.00 $346,200.00
Shop Furniture & Equ
Accum Dep
$0.00 $125,852.00

7
SONIA RANI BOOKS PTY LTD
Good will $0.00 $50,000.00
Account Payable $0.00 $26,627.00
GST Collected $0.00 $28,857.00
GST Paid $0.00 $21,783.37
PAYG Withholding
Payable
$0.00 $9,000.00
Accrued Expenses $0.00 $7,100.00
Interest payable $0.00 $1,911.00
Bank Loans $0.00 $250,000.00
Issued & Paid up capital $0.00 $120,000.00
Retained Earnings $0.00 $35,000.00
Sales A $0.00 $88,570.00
Cost of Sales $0.00 $44,091.12
Advertising $0.00 $4,090.91
Commissions $0.00 $5,000.00
Depreciation Expense $0.00 $5,852.00
Insurance $0.00 $833.33
loss on sale of equip $0.00 $300.00
Legal Fees $0.00 $2,727.27
License Fees $0.00 $900.00
Maintenance & Repairs $0.00 $500.00
Office Supplies $0.00 $165.00
Superannuation $0.00 $3,000.00
Wages & Salaries $0.00 $37,000.00
bank Charges $0.00 $110.00
Postage $0.00 $1,250.64
Telephone $0.00 $759.09
Travel & Entertainment $0.00 $330.00
cleaning expenses $0.00 $227.27
Electricity $0.00 $2,100.00
Interest Expense $0.00 $1,911.00
doubtful debt exp $0.00 $3,630.40