Accounting for Business Assignment: Journal, Ledger, and Trial Balance

This accounting assignment solution provides a detailed walkthrough of the accounting process for Stylish Home Furniture Pty Ltd. The assignment includes three parts: Part 1 requires the preparation of general journal entries for various transactions occurring in June 2019, including sales, repairs, equipment purchases, and expense payments. Part 2 involves posting these journal entries to the general ledger, calculating and presenting the balances for each account. Part 3 requires the student to transfer the updated general ledger balances to a trial balance, demonstrating an understanding of the accounting cycle. The solution covers topics such as debits and credits, account classifications, and the preparation of key accounting records.