Accounting Software MYOB Practice Set Solution - ACC2002

This document presents a comprehensive solution to a MYOB practice set assignment, specifically tailored for the ACC2002 Accounting Information Systems course. The solution showcases the creation of a sales and receivables journal for the period of January 1, 2019, to January 31, 2019, for HI-FI WAY, including detailed transactions with various clients like HANDYS ELECTRONICS, JERRY TECHNOLOGY, and PIKEA. The solution meticulously records account details such as accounts receivable, sales revenue, GST collected, cost of sales, and inventory, providing a complete overview of financial transactions. The assignment aims to demonstrate the ability to prepare financial statements using accounting software, as required in the assessment brief. The provided solution is a valuable resource for students seeking to understand and master the practical application of accounting principles within the MYOB environment.

HI- FI WAY (KARAN KHADGI)
829 BAKER BOULVERD BRISBANE,QLD,4000, AUSTRALIA
Sales & Receivables Journal
1/1/2019 To 1/31/2019
10/9/2019
3:21:17 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/5/2019 Sale; HANDYS ELECTRONICS
00003528 1-1200 ACCOUNTS RECEIVABLE $12,900.00
00003528 1-1200 ACCOUNTS RECEIVABLE $1,290.00
00003528 4-1100 SALES REVENUE $12,900.00
00003528 2-1310 GST Collected $1,290.00
00003528 5-1100 COST OF SALES $8,370.00
00003528 1-1300 Inventory $2,130.00
00003528 1-1300 Inventory $6,240.00
SJ 1/8/2019 Sale; HANDYS ELECTRONICS
00003529 1-1200 ACCOUNTS RECEIVABLE $7,600.00
00003529 1-1200 ACCOUNTS RECEIVABLE $760.00
00003529 4-1100 SALES REVENUE $7,600.00
00003529 2-1310 GST Collected $760.00
00003529 5-1100 COST OF SALES $4,930.00
00003529 1-1300 Inventory $1,420.00
00003529 1-1300 Inventory $3,510.00
SJ 1/16/2019 Sale; JERRY TECHNOLOGY
00003531 1-1200 ACCOUNTS RECEIVABLE $37,200.00
00003531 1-1200 ACCOUNTS RECEIVABLE $3,720.00
00003531 4-1100 SALES REVENUE $37,200.00
00003531 2-1310 GST Collected $3,720.00
00003531 5-1100 COST OF SALES $24,180.00
00003531 1-1300 Inventory $11,700.00
00003531 1-1300 Inventory $12,480.00
SJ 1/23/2019 Sale; JERRY TECHNOLOGY
00003532 1-1200 ACCOUNTS RECEIVABLE $9,000.00
00003532 1-1200 ACCOUNTS RECEIVABLE $900.00
00003532 4-1100 SALES REVENUE $9,000.00
00003532 2-1310 GST Collected $900.00
00003532 5-1100 COST OF SALES $5,850.00
00003532 1-1300 Inventory $5,850.00
SJ 1/24/2019 Sale; PIKEA
00003530 1-1200 ACCOUNTS RECEIVABLE $17,700.00
00003530 1-1200 ACCOUNTS RECEIVABLE $1,770.00
00003530 4-1100 SALES REVENUE $17,700.00
00003530 2-1310 GST Collected $1,770.00
00003530 5-1100 COST OF SALES $11,470.00
00003530 1-1300 Inventory $4,970.00
00003530 1-1300 Inventory $1,820.00
00003530 1-1300 Inventory $4,680.00
Grand Total: $147,640.00 $147,640.00