Financial Accounting ACCT2005: Hi-Fi Way Cash Disbursements Journal

This assignment presents a Cash Disbursements Journal for Hi-Fi Way, meticulously prepared using MYOB accounting software. The journal covers the period from January 1st, 2019, to January 31st, 2019, detailing various financial transactions. These include payments for office supplies, telecommunications services, accounts payable, rent, salaries, utilities, and bank charges, all with corresponding account names, debit and credit amounts, and GST details. The journal adheres to Australian Accounting Standards Board (AASB) standards, reflecting a comprehensive understanding of financial accounting principles. It serves as a practical example of accounting cycle completion within a proprietary limited company, utilizing a perpetual inventory system, and including transactions subject to GST, providing a valuable resource for students studying financial accounting and MYOB software application.

Hi-Fi Way (MONIYSHA MURUGAN)
206 MACKINTOSH AVENUE MELBOURNE,VIC,3000 AUSTRALIA
Cash Disbursements Journal
1/1/2019 To 1/31/2019
8/14/2019
3:16:33 AM
Page 1
ID# Acct# Account Name Debit Credit Job No.
CD 1/2/2019 OFFICE SUPPLIES WAREHOUSE
4031 1-1110 Cheque Account $1,650.00
4031 1-3110 PROPERTY & EQUIPMENT at $1,500.00
4031 2-1330 GST Paid $150.00
CD 1/3/2019 BIG TELCO
4032 1-1110 Cheque Account $9,482.00
4032 2-1200 ACCOUNTS PAYABLE $9,482.00
CD 1/4/2019 DISCOUNT OFFICE SUPPLIES
4034 1-1110 Cheque Account $1,760.00
4034 1-1400 OFFICE SUPPLIES $1,600.00
4034 2-1330 GST Paid $160.00
CD 1/8/2019 PEAR TECHNOLOGY
4033 1-1110 Cheque Account $4,300.00
4033 2-1200 ACCOUNTS PAYABLE $4,300.00
CD 1/14/2019 BIG TELCO
4035 1-1110 Cheque Account $8,690.00
4035 2-1200 ACCOUNTS PAYABLE $8,690.00
CD 1/15/2019 BARRY WHITE REAL ESTATE
4036 1-1110 Cheque Account $6,600.00
4036 1-1500 PREPAID RENT $6,000.00
4036 2-1330 GST Paid $600.00
CD 1/30/2019 BIG TELCO
4037 1-1110 Cheque Account $4,092.00
4037 2-1200 ACCOUNTS PAYABLE $4,092.00
CD 1/31/2019 ADRIAN JENSEN
4038 1-1110 Cheque Account $2,720.00
4038 6-1930 SALARIES EXPENSES $3,200.00
4038 2-1420 PAYG Withholding Payable $480.00
CD 1/31/2019 MONIYSHA MURUGAN
4039 1-1110 Cheque Account $2,975.00
4039 6-1930 SALARIES EXPENSES $3,500.00
4039 2-1420 PAYG Withholding Payable $525.00
CD 1/31/2019 STATE POWER
4040 1-1110 Cheque Account $1,760.00
4040 6-2420 Electricity $1,600.00
4040 2-1330 GST Paid $160.00
CD 1/31/2019 VOPSTRA
4041 1-1110 Cheque Account $1,870.00
4041 6-2200 Telephone $1,700.00
4041 2-1330 GST Paid $170.00
CD 1/31/2019 EARTH BANK
4042 1-1110 Cheque Account $210.00
4042 9-1000 Interest Expense $210.00
CD 1/31/2019 TRANSACTION FEES
SC013119 1-1110 Cheque Account $9.00
SC013119 6-2500 BANK CHARGES $9.00

Hi-Fi Way (MONIYSHA MURUGAN)
Cash Disbursements Journal
1/1/2019 To 1/31/2019
8/14/2019
3:16:34 AM
Page 2
ID# Acct# Account Name Debit Credit Job No.
CD 1/31/2019 TRANSACTION FEES
Grand Total: $47,123.00 $47,123.00