ACC1AIS XERO Assignment: Journal Report - May 2019

This document presents a XERO journal report for the month of May 2019, detailing various financial transactions and entries for a new business. The report includes manual journal entries for depreciation, rent, office supplies, fuel, wages, doubtful debts, insurance, advertising, interest, and freight expenses. It also covers interest receivable and payable, providing a comprehensive overview of the company's financial activities during the specified period. The report is part of an individual assignment where the student was required to establish a new business in XERO, record capital contributions, and input transactions as per the assignment brief. The report is a useful resource for students studying accounting and XERO software, and is available on Desklib for educational purposes.

Journal Report
Journal Report | Abdulla AlHashimi - 19215217 | 26 May 2019 Page 1 of 2
Abdulla AlHashimi - 19215217
From 1 May 2019 to 31 May 2019
ID 99 Dep on office furniture (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Depreciation (416) 416.00
Less Accumulated Depreciation on Office Equipment (711) 416.00
416.00 416.00
ID 88 Rent expense (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Rent (469) 10,000.00
Prepaid Rent (621) 10,000.00
10,000.00 10,000.00
ID 79 Office supplies expense (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Office Expenses (453) 300.00
Office supplies (619) 300.00
300.00 300.00
ID 76 Fuel expense (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Fuel Expesne (472) 300.00
fuel expense payable (701) 330.00
GST (820) 30.00
330.00 330.00
ID 75 DOubtful debts (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
DOubtful debt (506) 190.00
Prov fro doubtful debt (633) 190.00
190.00 190.00
ID 74 wages (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Wages and Salaries (477) 8,000.00
Wages Payable - Payroll (804) 8,000.00
8,000.00 8,000.00
ID 73 Insuracne expense (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Insurance (433) 200.00
Prepayments (620) 200.00
200.00 200.00

Journal Report
Journal Report | Abdulla AlHashimi - 19215217 | 26 May 2019 Page 2 of 2
ID 72 ADvertisemnt (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Advertising (400) 1,000.00
Prepayments (620) 1,000.00
1,000.00 1,000.00
ID 69 depreciation (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Depreciation (416) 3,636.36
Les Acc dep Delivery van (732) 3,636.36
3,636.36 3,636.36
ID 68 Intrest receivable (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Interest receivable (622) 3,750.00
Interest Income (270) 3,750.00
3,750.00 3,750.00
ID 65 Interest expense (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 31 May 2019
Account Debit Credit
Interest Expense (437) 1,750.00
Interest Payable (632) 1,750.00
1,750.00 1,750.00
ID 7 Freight (Manual Journal: Posted by Abdulla AlHashimi 19215217 on 16 May 2019) 1 May 2019
Account Debit Credit
Freight & Courier (425) 200.00
Freight Payable (631) 220.00
GST (820) 20.00
220.00 220.00