MYOB AccountRight Plus Simulation for Handy Motors (BAO2000)

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Practical Assignment
AI Summary
This document presents a solution to the Handy Motors Pty Ltd accounting simulation assignment using MYOB AccountRight Plus. The assignment requires students to set up a company from scratch within the MYOB software and process various financial transactions, including sales, purchases, payments, and bank transactions, within the specified period of August 1, 2019, to August 31, 2019. The solution includes a detailed account transaction report, showcasing the debit and credit entries for each transaction, along with the memo/payee, source, date, and relevant account codes. The student's ID is incorporated in the company name, as per the assignment brief. The assignment aims to consolidate the student's understanding of transaction processing within a computerized accounting system, and the final submission would involve generating and submitting specific reports in PDF format.
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HANDY MOTORS PART(ARSH KHOKHAR s3903021)
205 BALLART Rd, FOOTSCRAY PARK 3015
Account Transactions [Accrual]
8/1/2019 To 8/31/2019
3/11/2020
1:09:54 PM
Page 1
ID# Src Date Memo/Payee Debit Credit Job No.
1-1110 Cheque Account
3351780 CD 8/13/2019 TRUST REAL ESTATE $1,100.00
3351781 CD 8/18/2019 Exhaust Pipes Ltd $6,600.00
3351783 CD 8/18/2019 Car Parts Ltd $6,600.00
3351782 CD 8/20/2019 POWER LIMITED $880.00
SC083119 CD 8/31/2019 BANK FEES $40.00
CR000003 CR 8/31/2019 Bank Deposit $13,640.00
$13,640.00 $15,220.00
1-1180 Undeposited Funds
CR000001 CR 8/20/2019 Payment; Andy's Repairs $7,700.00
CR000002 CR 8/27/2019 Payment; DOLLY AUTO REP $5,940.00
CR000003 CR 8/31/2019 Bank Deposit $7,700.00
CR000003 CR 8/31/2019 Bank Deposit $5,940.00
$13,640.00 $13,640.00
1-1200 Trade Debtors
00000001 SJ 8/2/2019 Sale; Andy's Repairs $7,000.00
00000001 SJ 8/2/2019 Sale; Andy's Repairs $700.00
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $5,600.00
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $560.00
00000003 SJ 8/10/2019 Sale; DOLLY AUTO REPAIRS $200.00
00000003 SJ 8/10/2019 Sale; DOLLY AUTO REPAIRS $20.00
CR000001 CR 8/20/2019 Payment; Andy's Repairs $7,700.00
00006303 SJ 8/26/2019 Sale; Panel Kings $11,400.00
00006303 SJ 8/26/2019 Sale; Panel Kings $1,140.00
CR000002 CR 8/27/2019 Payment; DOLLY AUTO REP $5,940.00
$26,400.00 $13,860.00
1-1300 MERCHANDISE INVENTORY
IJ000001 IJ 8/1/2019 Inventory count $16,000.00
IJ000001 IJ 8/1/2019 Inventory count $5,000.00
IJ000001 IJ 8/1/2019 Inventory count $8,000.00
IJ000001 IJ 8/1/2019 Inventory count $2,500.00
IJ000001 IJ 8/1/2019 Inventory count $500.00
00000001 SJ 8/2/2019 Sale; Andy's Repairs $1,909.09
00000001 SJ 8/2/2019 Sale; Andy's Repairs $2,000.00
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $2,012.12
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $1,000.00
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $300.00
00000002 PJ 8/8/2019 Purchase; Car Parts Ltd $6,000.00
00000003 SJ 8/10/2019 Sale; DOLLY AUTO REPAIRS $100.00
00000003 PJ 8/12/2019 Purchase; Wheels Ltd $3,000.00
00006303 SJ 8/26/2019 Sale; Panel Kings $6,054.55
00006303 SJ 8/26/2019 Sale; Panel Kings $1,000.00
00006303 SJ 8/26/2019 Sale; Panel Kings $200.00
00000004 PJ 8/30/2019 Purchase; Car Parts Ltd $6,000.00
00000005 PJ 8/31/2019 Purchase; Car Parts Ltd $2,000.00
$31,100.00 $32,475.76
2-1200 Trade Creditors
00000002 PJ 8/8/2019 Purchase; Car Parts Ltd $6,000.00
00000002 PJ 8/8/2019 Purchase; Car Parts Ltd $600.00
00000003 PJ 8/12/2019 Purchase; Wheels Ltd $3,000.00
00000003 PJ 8/12/2019 Purchase; Wheels Ltd $300.00
3351781 CD 8/18/2019 Exhaust Pipes Ltd $6,600.00
3351783 CD 8/18/2019 Car Parts Ltd $6,600.00
00000004 PJ 8/30/2019 Purchase; Car Parts Ltd $6,000.00
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HANDY MOTORS PART(ARSH KHOKHAR s3903021)
Account Transactions [Accrual]
8/1/2019 To 8/31/2019
3/11/2020
1:09:55 PM
Page 2
ID# Src Date Memo/Payee Debit Credit Job No.
2-1200 Trade Creditors
00000004 PJ 8/30/2019 Purchase; Car Parts Ltd $600.00
00000005 PJ 8/31/2019 Purchase; Car Parts Ltd $2,000.00
00000005 PJ 8/31/2019 Purchase; Car Parts Ltd $200.00
$15,400.00 $16,500.00
2-1310 GST Collected
00000001 SJ 8/2/2019 Sale; Andy's Repairs $700.00
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $560.00
00000003 SJ 8/10/2019 Sale; DOLLY AUTO REPAIRS $20.00
00006303 SJ 8/26/2019 Sale; Panel Kings $1,140.00
$20.00 $2,400.00
2-1330 GST Paid
00000002 PJ 8/8/2019 Purchase; Car Parts Ltd $600.00
00000003 PJ 8/12/2019 Purchase; Wheels Ltd $300.00
3351780 CD 8/13/2019 TRUST REAL ESTATE $100.00
3351782 CD 8/20/2019 POWER LIMITED $80.00
00000004 PJ 8/30/2019 Purchase; Car Parts Ltd $600.00
00000005 PJ 8/31/2019 Purchase; Car Parts Ltd $200.00
$1,680.00 $200.00
4-1100 Sales Type A
00000001 SJ 8/2/2019 Sale; Andy's Repairs $7,000.00
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $5,600.00
00000003 SJ 8/10/2019 Sale; DOLLY AUTO REPAIRS $200.00
00006303 SJ 8/26/2019 Sale; Panel Kings $11,400.00
$200.00 $24,000.00
5-1100 Purchases Type A
00000001 SJ 8/2/2019 Sale; Andy's Repairs $3,909.09
00000002 SJ 8/5/2019 Sale; DOLLY AUTO REPAIRS $3,312.12
00000003 SJ 8/10/2019 Sale; DOLLY AUTO REPAIRS $100.00
00006303 SJ 8/26/2019 Sale; Panel Kings $7,254.55
$14,475.76 $100.00
6-2100 Rent
3351780 CD 8/13/2019 TRUST REAL ESTATE $1,000.00
$1,000.00 $0.00
6-2420 Electricity
3351782 CD 8/20/2019 POWER LIMITED $800.00
$800.00 $0.00
9-1100 BANK CHARGES
SC083119 CD 8/31/2019 BANK FEES $40.00
$40.00 $0.00
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