Charles Boutique Books Pty Ltd: Accounting Financial Analysis Report

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This accounting financial analysis report details the financial performance of Charles Boutique Books Pty Ltd, a retail business operating in Melbourne. The report includes a general journal, cash receipts and payments journals, sales and purchase journals, and a general ledger, along with subsidiary ledgers for accounts receivable and payable. It also presents a worksheet, schedules of accounts, an income statement, a statement of changes in equity, a balance sheet, and a post-closing trial balance, providing a comprehensive overview of the company's financial position and performance. The analysis covers the recording of transactions, adjusting entries, and the preparation of financial statements, offering insights into the accounting procedures and financial health of the business. The report concludes with a bibliography of sources used in the analysis.
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Running head: ACCOUNTING FINANCIAL ANALYSIS REPORT
Accounting Financial Analysis Report
Name of the Student:
Name of the University:
Author’s Note:
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1ACCOUNTING FINANCIAL ANALYSIS REPORT
Table of Contents
General Journal................................................................................................................................2
Cash Receipts Journal:.....................................................................................................................4
Cash Payment Journal:....................................................................................................................4
Sales Journal:...................................................................................................................................4
Purchase Journal:.............................................................................................................................5
General Ledger:...............................................................................................................................6
Subsidiary Ledger:.........................................................................................................................17
Worksheet:.....................................................................................................................................19
Schedule of Accounts:...................................................................................................................20
Income Statement:.........................................................................................................................20
Statement of Change in Equity:.....................................................................................................22
Balance Sheet:...............................................................................................................................22
Post-Closing Trial Balance:...........................................................................................................23
Bibliography:.................................................................................................................................25
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2ACCOUNTING FINANCIAL ANALYSIS REPORT
General Journal
General Journal
Date Account Post Ref. Debit Credit
12-06-
2020 Quantum Publishing 200-2 2700
Purchase Returns & Allowances 502 2700
23-06-
2020 Sales Return & Allowances 402 3366
Kewtown Brooks 101-3 3366
29-06-
2020 Dividends Declared 302 25300
Dividend Payable 206 25300
30-06-
2020 Depreciation Expense – Showroom Fittings 602 8100
Accumulated Depreciation – Showroom Fittings 151 8100
Depreciation Expense - Equipment 603 2430
Accumulated Depreciation - Equipment 161 2430
Rent Expense 605 35219
Prepaid Store Rent 104 35219
Stationery Expense 604 9,378
Stationery Supplies 102 9,378
Insurance Expense 606 1080
Prepaid Insurance 105 1080
Interest Expense 608 5564
Interest Payable 201 5564
Bad Debts Expense 613 4230
Montrose Books 101-4 4230
Utilities Expense 609 918
Utilities Payable 202 918
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3ACCOUNTING FINANCIAL ANALYSIS REPORT
Salaries Expense – Office Staff 612 5247
Salaries Payable 204 5247
Wages Expense - Sales Staff 601 594
Wages Payable 203 594
Tax Expense 610 12343
Tax Payable 205 12343
Profit & Loss Summary 303 812086.8
Sales Discounts (Discount Allowed) 401 4997
Sales Returns and Allowances 402 4617
Purchases 500 310815
Freight-Out 600 2824
Wages Expense - Sales Staff 601 156717
Depreciation Expense – Showroom Fittings 602 8100
Depreciation Expense - Equipment 603 2430
Stationery Expense 604 9378
Rent Expense 605 35219
Insurance Expense 606 1080
Advertising Expense 607 6264
Interest Expense 608 5564
Utilities expense 609 9270
Tax Expense 610 12343
Sundry Expenses 611 2232
Salaries Expense – Office Staff 612 124407
Bad Debts Expense 613 4230
Inventory (Opening) 103 111600
Inventory (Closing) 103 202356
Sales Revenue 400 634365
Purchase Discounts (Discount Received) 501 3636.9
Purchase Returns and Allowances 502 4149
Profit & Loss Summary 303 844507
Profit & Loss Summary 303 32420.11
Retained Profits 301 32420
Retained Profits 301 25300
Dividend Declared 302 25300
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4ACCOUNTING FINANCIAL ANALYSIS REPORT
Cash Receipts Journal:
Sales Discounts (401) Sales (400) Accounts Receivable
(101) Other
DR CR CR CR
01-06-2020 Ashburton Books 101-1 13,335.84 272.16 13,608
05-06-2020 Cash Sales 400 2754 2754
09-06-2020 Kewtown Books 101-3 9,306 9,306
13-06-2020 Cash Sales 400 3762 3762
20-06-2020 Cash Sales 400 3573 3573
26-06-2020 Kewtown Books 101-3 14,112 288 14,400
27-06-2020 Cash Sales 400 5616 5616
29-06-2020 Blackburn Books 101-2 16,632 16,632
30-06-2020 Share Capital 300 18000 18000
30-06-2020 Cash Sales 400 3348 3348
TOTAL 90,438.84 560.16 19,053.00 53,946.00 18,000.00
Date Account Post.
Ref. Cash at Bank (100) DR
CASH RECEIPTS JOURNAL
Cash Payment Journal:
Accounts Payable
(200)
Purchases
(500)
Cash at Bank
(100)
Purchase Discounts
(501)
DR DR CR CR
01-06-2020 Freight-Out 303 600 1060 1060
04-06-2020 Portarlington Publishing 304 200-1 6,210 6,085.80 124.2
10-06-2020 Stationery Supplies 305 102 792 792
17-06-2020 Freight-Out 306 600 1350 1350
Salaries Expense-Office Staff 307 612 10494 10494
Wages Expense-Sales Staff 308 601 8910 8910
19-06-2020 Quantum Publishing 309 200-2 21,402 21,345 56.7
24-06-2020 Sundry Expenses 310 611 1800 1800
29-06-2020 Quantum Publishing 311 200-2 10800 10800
Wages Expense-Sales Staff 308 601 8910 8910
TOTAL 33316 38412 0 71547.1 180.9
CASH PAYMENTS JOURNAL
Date Account Chq. No. Post Ref. Other
DR
Sales Journal:
SALES JOURNAL
Date Invoice
No. Account Post
Ref. Amount
01-06-
2020 827 Blackburn Books 101-2 9756
11-06-
2020 828 Ashburton Books 101-1 9828
17-06-
2020 829 Kewtown Books 101-3 17766
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5ACCOUNTING FINANCIAL ANALYSIS REPORT
TOTAL 37350
Purchase Journal:
PURCHASES JOURNAL
Date Invoice Date Account Terms Post
Ref. Amount
10-06-
2020 10-06-2020 Quantum Publishing 1/10,n/45 200-2 8370
16-06-
2020 16-06-2020 Portarlington Publishing 2/10,n/30 200-1 13770
25-06-
2020 25-06-2020 Quantum Publishing 1/10,n/45 200-2 13410
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6ACCOUNTING FINANCIAL ANALYSIS REPORT
TOTAL 35550
General Ledger:
Cash at Bank 100
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 87,804
30-06-2020 Total Cash Receipts CRJ 90,438.84 1,78,243
Total Cash Payment CPJ 71547.1 1,06,696
1,06,696
1,06,696
Accounts Receivable
Control 101
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 34,020
23-06-2020 Sales Return GJ 3366 30,654
30-06-2020 Total Cash Receipts CRJ 53,946.00 -23,292
Total Credit Sales SJ 37350 14,058
Bad Debts Written off GJ 4230 9,828
Stationery
Supplies 102
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 21,573
10-06-2020 Cash Purchase CPJ 792 22,365
30-06-2020 Stationery consumed GJ 9,378 12,987
12,987
12,987
Inventory 103
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 1,11,600
1,11,600
1,11,600
1,11,600
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7ACCOUNTING FINANCIAL ANALYSIS REPORT
1,11,600
Prepaid Store
Rent 104
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 1,05,660
30-06-2020 Rent Expired GJ 35219 70,441
70,441
70,441
70,441
Prepaid
Insurance 105
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 1,620
30-06-2020 Insurance expired GJ 1080 540
540
540
540
Showroom
Fittings 150
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 72,900
72,900
72,900
72,900
72,900
Accumulated Depreciation –
Showroom
Fittings 151
Date Explanation Post.Ref. Debit Credit Balance
30-06-2020 Depreciation Charged GJ 8100 8100
8100
8100
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8ACCOUNTING FINANCIAL ANALYSIS REPORT
8100
Equipment 160
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 24,750
24,750
24,750
24,750
24,750
Accumulated Depreciation -
Equipment 161
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 12,150
30-06-2020 Depreciation Charged GJ 2430 14580
14580
14580
14580
Accounts
Payable Control 200
Date Explanation Post.Ref
. Debit Credit Balance
31-May Balance 21,942
12-06-2020 Purchase Return GJ 2700 19242
30-06-2020 Total Cash Payment CPJ 38412 -19170
Total Credit Purchase PJ 35550 16380
16380
Interest Payable 201
Date Explanation Post.Ref
. Debit Credit Balance
30-06-2020 Interest due on loan GJ 5564 5563.635
5563.635
5563.635
5563.635
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9ACCOUNTING FINANCIAL ANALYSIS REPORT
Utilities Payable 202
Date Explanation Post.Ref
. Debit Credit Balance
30-06-2020 Telephone bill due GJ 918 918
918
918
918
Wages Payable 203
Date Explanation Post.Ref
. Debit Credit Balance
30-06-2020 Wages Due GJ 594 594
594
594
594
Salaries Payable 204
Date Explanation Post.Ref
. Debit Credit Balance
30-06-2020 Salary due GJ 5247 5247
5247
5247
5247
Tax Payable 205
Date Explanation Post.Ref
. Debit Credit Balance
30-06-2020 Tax Due GJ 12343 12343
12343
12343
12343
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10ACCOUNTING FINANCIAL ANALYSIS REPORT
Dividend
Payable 206
Date Explanation Post.Ref
. Debit Credit Balance
29-06-
2020 Dividend Declared GJ 25300 25300
25300
25300
25300
25300
Mortgage
Loan 250
Date Explanation Post.Ref
. Debit Credit Balance
31-May Balance 86,706
86706
86706
86706
86706
Share Capital 300
Date Explanation Post.Ref
. Debit Credit Balance
31-May Balance 1,62,000
30-06-2020 Additional Share Issued CRJ 18000 180000
180000
180000
180000
Retained Profits 301
Date Explanation Post.Ref
. Debit Credit Balance
31-May Balance 1,37,646
137646
137646
137646
137646
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11ACCOUNTING FINANCIAL ANALYSIS REPORT
Dividends Declared 302
Date Explanation Post.Ref
. Debit Credit Balance
29-06-2020 Dividend Payable GJ 25300 25300
25,300
25,300
25,300
25,300
Profit & Loss
Summary 303
Date Explanation Post.Ref
. Debit Credit Balance
0
0
0
0
Sales Revenue 400
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 5,77,962
30-06-2020 Total Cash Sales CRJ 19,053.00 597015
Total Credit Sales SJ 37350 634365
634365
Sales Discounts 401
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 4,437
30-06-2020 Total Sales Discounts CRJ 560.16 4,997
4,997
4,997
4,997
Sales Returns &
Allowances 402
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12ACCOUNTING FINANCIAL ANALYSIS REPORT
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 1,251
29-06-2020 Sales Return GJ 3366 4,617
4,617
4,617
4,617
Purchases 500
Date Explanation Post.Ref
. Debit Credit Balanc
e
31-May Balance 2,75,265
30-06-2020 Total Credit Purchase PJ 35550 3,10,815
3,10,815
3,10,815
3,10,815
Purchase Discounts 501
Date Explanation Post.Ref
.
Debi
t Credit Balance
31-May Balance 3,456
30-06-2020 Total Purchase
Discounts CPJ 180.9 3636.9
3636.9
3636.9
3636.9
Purchase Returns &
Allowances 502
Date Explanation Post.Ref
.
Debi
t Credit Balance
31-May Balance 1,449
12-06-2020 Purchase Return GJ 2700 4149
4149
4149
4149
Freight-Out 600
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13ACCOUNTING FINANCIAL ANALYSIS REPORT
Date Explanation Post.Ref
. Debit Credit Balance
31-May Balance 414
01-06-2020 Delivery Cost for Sales CPJ 1060 1,474
17-06-2020 Delivery Cost for Sales CPJ 1350 2,824
2,824
2,824
Wages Expense –
Sales Staff 601
Date Explanation Post.Ref
.
Debi
t Credit Balanc
e
31-May Balance 1,38,30
3
17-06-2020 Wages Paid CPJ 8910 1,47,213
29-06-2020 Wages Paid CPJ 8910 1,56,123
30-06-2020 Wages Due GJ 594 1,56,717
1,56,717
Depreciation Expense –
Showroom Fittings 602
Date Explanation Post.Ref
.
Debi
t Credit Balance
30-06-2020 Depreciation Expense GJ 8100 8,100
8,100
8,100
8,100
Depreciation Expense –
Equipment 603
Date Explanation Post.Ref
.
Debi
t Credit Balance
30-06-2020 Depreciation Expense GJ 2430 2,430
2,430
2,430
2,430
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14ACCOUNTING FINANCIAL ANALYSIS REPORT
Stationery Expense 604
Date Explanation Post.Ref
.
Debi
t Credit Balance
30-06-2020 Stationery Expense GJ 9,378 9,378
9,378
9,378
9,378
Rent Expense 605
Date Explanation Post.Ref
. Debit Cred
it
Balanc
e
30-06-2020 Rent Expense GJ 35219 35,219
35,219
35,219
35,219
Insurance Expense 606
Date Explanation Post.Ref
. Debit Credit Balance
30-06-2020 Insurance Expense GJ 1080 1,080
1,080
1,080
1,080
Advertising Expense 607
Date Explanation Post.Ref
. Debit Credit Balance
31-May Balance 6,264
6,264
6,264
6,264
6,264
Interest Expense 608
Date Explanation Post.Ref Debi Credit Balance
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15ACCOUNTING FINANCIAL ANALYSIS REPORT
. t
30-06-2020 Interest on loan GJ 5564 5,564
5,564
5,564
5,564
Utilities Expense 609
Date Explanation Post.Ref
.
Debi
t Credit Balance
31-May Balance 8,352
30-06-2020 Telephone Expense GJ 918 9,270
9,270
9,270
Tax Expense 610
Date Explanation Post.Ref
.
Debi
t Credit Balance
30-06-2020 Tax Expense GJ 12343 12,343
12,343
12,343
12,343
Sundry Expenses 611
Date Explanation Post.Ref
.
Debi
t Credit Balance
31-May Balance 432
24-06-2020 Annual Gift for Charity CPJ 1800 2,232
2,232
2,232
2,232
Salaries Expense –
Office Staff 612
Date Explanation Post.Ref
.
Debi
t
Cred
it Balance
31-May Balance 1,08,666
17-06-2020 Salary paid CPJ 1049
4 1,19,160
30-06-2020 Salary Due GJ 5247 1,24,407
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16ACCOUNTING FINANCIAL ANALYSIS REPORT
1,24,407
1,24,407
Bad Debts Expense 613
Date Explanation Post.Ref
.
Debi
t Credit Balance
30-06-2020 Bad debt expenses GJ 4230 4,230
4,230
4,230
4,230
Subsidiary Ledger:
Accounts Receivable Subsidiary Ledgers
Ashburton Books 101-1
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 13,608
01-06-
2020 Cash Receipts CRJ 13,608 0
11-06-
2020 Credit Sales SJ 9828 9,828
9,828
9,828
Blackburn Books 101-2
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 6,876
01-06-
2020 Credit Sales SJ 9756 16,632
29-06-
2020 Cash receipts CRJ 16,632 0
0
0
Kewtown Books 101-3
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 9,306
09-06-
2020 Cash Receipts CRJ 9,306 0
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17ACCOUNTING FINANCIAL ANALYSIS REPORT
17-06-
2020 Credit Sales SJ 17766 17,766
23-06-
2020 Sales Return GJ 3366 14,400
26-06-
2020 Cash Receipts CRJ 14,400 0
Montrose Books 101-4
Date Explanation Post.Ref. Debit Credit Balance
31-May Balance 4,230
30-06-
2020 Bad Debt written off GJ 4230 0
0
0
0
Accounts Payable Subsidiary Ledgers
Portarlington Publishers 200-1
Date Explanation Invoice
Date
Post.Ref
. Debit Credit Balance
31-May Balance 6,210
04-06-
2020 Cash Payment CPJ 6,210 0
16-06-
2020 Credit Purchase 16-06-
2020 PJ 13770 13,770
13,770
13,770
Quantum Publishing 200-2
Date Explanation Invoice
Date
Post.Ref
. Debit Credit Balance
31-May Balance 15,732
10-06-
2020 Credit Purchase 10-06-
2020 PJ 8370 24,102
12-06-
2020 Purchase Return GJ 2700 21,402
19-06-
2020 Cash Payment CPJ 21,402 0
25-06-
2020 Credit Purchase 25-06-
2020 PJ 13410 13,410
29-06-
2020 Partial Payment CPJ 10800 2,610
2,610
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18ACCOUNTING FINANCIAL ANALYSIS REPORT
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19ACCOUNTING FINANCIAL ANALYSIS REPORT
Worksheet:
Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash at Bank 1,06,696 1,06,696 1,06,696
Accounts Receivable
Control 14,058 4230 9,828 9,828
Stationery Supplies 22,365 9,378 12,987 12,987
Inventory 1,11,600 1,11,600 1,11,600 202356 2,02,356
Prepaid Store Rent (Paid 1
Mar. 2020) 1,05,660 35219 70,441 70,441
Prepaid Insurance (Paid 1
Nov. 1,620 1080 540 540
2020)
Showroom Fittings 72,900 72,900 72,900
Accumulated Depreciation
– Showroom Fittings 0 8100 8100 8100
Equipment 24,750 24,750 24,750
Accumulated Depreciation
- Equipment 12,150 2430 14580 14580
Accounts Payable Control 16380 16380 16380
Interest Payable 0 5564 5563.635 5563.635
Utilities Payable 0 918 918 918
Wages Payable 0 594 594 594
Salaries Payable 0 5247 5247 5247
Tax Payable 0 12343 12343 12343
Dividend Payable 25300 25300 25300
Mortgage Loan (due 31 Jul
2044) 86,706 86706 86706
Share Capital 180000 180000 180000
Retained Profits (1 July
2019) 1,37,646 137646 137646
Dividends Declared 25300 25,300 25,300
Profit and Loss Summary
Sales Revenue 634365 634365 634365
Sales Discounts 4,997 4,997 4,997
Sales Returns and
Allowances 4,617 4,617 4,617
Purchases 3,10,815 3,10,815 3,10,815
Purchase Discounts 3636.9 3636.9 3636.9
Purchase Returns and
Allowances 4149 4149 4149
Freight-Out 2,824 2,824 2,824
Wages Expense - Sales
Staff 1,56,123 594 1,56,717 1,56,717
Depreciation Expense -
Showroom Fittings 0 8100 8,100 8,100
Depreciation Expense -
Equipment 0 2430 2,430 2,430
Stationery Expense 0 9,378 9,378 9,378
Rent Expense 0 35219 35,219 35,219
Insurance Expense 0 1080 1,080 1,080
Advertising Expense 6,264 6,264 6,264
Interest Expense 0 5564 5,564 5,564
Utilities Expense 8,352 918 9,270 9,270
Tax Expense 0 12343 12,343 12,343
Sundry Expenses 2,232 2,232 2,232
Salaries Expense - Office
Staff 1,19,160 5247 1,24,407 1,24,407
Bad Debts Expense 0 4230 4,230 4,230
TOTALS 1100332.9 1100332.9 85102.635 85102.635 1135528.5 1135528.535 812086.795 844506.9 525797.74 493377.635
PROFIT/(LOSS) 32420.105 32420.105
1100332.9 1100332.9 85102.64 85102.64 1135529 1135528.535 844506.9 844506.9 525797.7 525797.74
Balance Sheet
WORKSHEET – 30 JUNE
Unadjusted Trial Bal. Adjustments Adjusted Trial Bal. Income Statement
Document Page
20ACCOUNTING FINANCIAL ANALYSIS REPORT
Schedule of Accounts:
Schedule of Accounts Receivable
as at 30 June 2020
Acc. No. Account Amount ($)
101-1 Ashburton Books 9,828
101-2 Blackburn Books 0
101-3 Kewtown Books 0
101-4 Montrose Books 0
TOTAL 9,828
Schedule of Accounts Payable
as at 30 June 2020
Acc. No. Account Amount ($)
201-1 Portarlington Publishers 13,770
201-2 Quantun Publishing 2,610
TOTAL 16,380
Income Statement:
Income Statement
for the year ending 30 June 2020
Gross Sales 634365
Less: Sales Returns 4,617
Less: Sales Discounts 4,997
Net Sales 6,24,751
Gross Purchase 3,10,815
Less: Purchase Return 4149
Less: Purchase Discount 3636.9
Net Purchase 3,03,029
Add: Opening Inventory 1,11,600
Less: Closing Inventory 202356
Cost of Goods Sold 2,12,273
Gross Profit 4,12,478
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21ACCOUNTING FINANCIAL ANALYSIS REPORT
Other Revenue 0
Expenses
Selling Expenses
Freight-Out 2,824
Wages Expense - Sales Staff 1,56,717
Depreciation Expense -
Showroom Fittings 8,100
Rent Expense 35,219
Advertising Expense 6,264
Bad Debts Expense 4,230
Total selling expenses 2,13,354
Administration Expenses
Depreciation Expense -
Equipment 2,430
Stationery Expense 9,378
Insurance Expense 1,080
Utilities Expense 9,270
Sundry Expenses 2,232
Salaries Expense - Office
Staff 1,24,407
Total administration
expenses 148797
Financial Expenses
Interest Expense 5,564
Total financial expenses 5563.635
Total Expenses 367714.635
Profit Before Income Tax 44,763
Income Tax Expense 12,343
Profit After Income Tax 32,420
Statement of Change in Equity:
Statement of Changes in Equity for the year ending
30-Jun-20
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22ACCOUNTING FINANCIAL ANALYSIS REPORT
Share Capital Retained
Profits Total Equity
Opening Balance as at 1 July 2019 1,62,000 1,37,646 2,99,646
Add: Additional Share Issue 18000 18,000
Add: Net Profit for the period 32420.105 32,420
Less: Dividend Declared 25,300 25,300
Ending Balance as at 30 June 2020 1,80,000 1,44,766 3,24,766
Balance Sheet:
Statement of Financial Position
as at 30 June 2020
Current Assets $
Cash at Bank 1,06,696
Accounts Receivable Control 9,828
Stationery Supplies 12,987
Inventory 2,02,356
Prepaid Store Rent (Paid 1 Mar. 2020) 70,441
Prepaid Insurance (Paid 1 Nov. 540
Total Current Assets 4,02,848
Non-Current Assets
Showroom Fittings 72,900
Accumulated Depreciation – Showroom Fittings -8,100
Equipment 24,750
Accumulated Depreciation - Equipment -14,580
Total Non-Current Assets 74970
TOTAL ASSETS 4,77,818
Current Liabilities
Accounts Payable Control 16380
Interest Payable 5563.635
Utilities Payable 918
Document Page
23ACCOUNTING FINANCIAL ANALYSIS REPORT
Wages Payable 594
Salaries Payable 5247
Tax Payable 12343
Dividend Payable 25300
Total Current Liabilities 66345.635
Non-Current Liabilities
Mortgage Loan (due 31 Jul 2044) 86706
Total Non-Current Liabilities 86706
TOTAL LIABILITIES 153051.635
Shareholder's Equity
Share Capital 1,80,000
Retained Profits (1 July 2019) 1,44,766
Total Shareholder's Equity 3,24,766
TOTAL LIABILITIES & EQUITY 4,77,818
Post-Closing Trial Balance:
Post-Closing Trial Balance
As at 30 June 2020
Acc.
No. Account Debit ($) Credit ($)
100 Cash at Bank 1,06,696
101 Accounts Receivable Control 9,828
102 Stationery Supplies 12,987
103 Inventory 2,02,356
104 Prepaid Store Rent (Paid 1 Mar. 2020) 70,441
105 Prepaid Insurance (Paid 1 Nov. 540
150 Showroom Fittings 72,900
151 Accumulated Depreciation – Showroom
Fittings 0 8100
160 Equipment 24,750
161 Accumulated Depreciation - Equipment 0 14580
200 Accounts Payable Control 16380
201 Interest Payable 5563.635
202 Utilities Payable 918
203 Wages Payable 594
204 Salaries Payable 5247
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24ACCOUNTING FINANCIAL ANALYSIS REPORT
205 Tax Payable 12343
206 Dividend Payable 25300
250 Mortgage Loan (due 31 Jul 2044) 86706
300 Share Capital 180000
301 Retained Profits (1 July 2019) 1,44,766
5,00,498 5,00,498
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25ACCOUNTING FINANCIAL ANALYSIS REPORT
Bibliography:
Henderson, S., Peirson, G., Herbohn, K. and Howieson, B., 2015. Issues in financial accounting.
Pearson Higher Education AU
Trotman, K. and Carson, E., 2018. Financial accounting: an integrated approach. Cengage AU.
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