Charles Boutique Books Pty Ltd: Accounting Financial Analysis Report

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.

Running head: ACCOUNTING FINANCIAL ANALYSIS REPORT
Accounting Financial Analysis Report
Name of the Student:
Name of the University:
Author’s Note:

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

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

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

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

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

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

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

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

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

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

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