Hi-Fi Way (Anupam Phullel) Sales and Receivables Journal

This assignment presents a sales and receivables journal for Hi-Fi Way, detailing transactions from July 1, 2018, to January 31, 2019. The journal includes entries for accounts receivable, sales revenue, GST collected, cost of sales, and inventory. It showcases various sales transactions with different customers, including pre-conversion sales and sales to Handys Electronics, Jerry Technology, and Pikea. Each transaction includes debit and credit entries, account numbers, and descriptions. The document provides a comprehensive overview of Hi-Fi Way's financial activities during the specified period, offering insights into its sales and receivables management. The journal also includes a credit entry from Jerry Technology and a grand total of the transactions.

Hi-Fi Way (Anupam Phullel)
892 Forder Boulevard
Canberra, ACT, 2600
Australia
Sales & Receivables Journal
01-07-2018 To 31-01-2019
05-10-2019
3:26:38
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 12-12-2018 Pre-conversion sale
00003576 1-1200 Accounts Receivable ?10,000.00
00003576 1-1200 Accounts Receivable ?1,000.00
00003576 1-1200 Accounts Receivable ?11,000.00
SJ 20-12-2018 Pre-conversion sale
00003577 1-1200 Accounts Receivable ?8,550.00
00003577 1-1200 Accounts Receivable ?855.00
00003577 1-1200 Accounts Receivable ?9,405.00
SJ 27-12-2018 Pre-conversion sale
00003578 1-1200 Accounts Receivable ?12,550.00
00003578 1-1200 Accounts Receivable ?1,255.00
00003578 1-1200 Accounts Receivable ?13,805.00
SJ 05-01-2019 Sale; Handys Electronics
00003579 1-1200 Accounts Receivable ?12,300.00
00003579 1-1200 Accounts Receivable ?1,230.00
00003579 4-1100 Sales Revenue ?12,300.00
00003579 2-1310 GST Collected ?1,230.00
00003579 5-1100 Cost of Sales ?8,420.00
00003579 1-1300 Inventory ?2,970.00
00003579 1-1300 Inventory ?5,450.00
SJ 09-01-2019 Sale; Handys Electronics
00003580 1-1200 Accounts Receivable ?14,300.00
00003580 1-1200 Accounts Receivable ?1,430.00
00003580 4-1100 Sales Revenue ?14,300.00
00003580 2-1310 GST Collected ?1,430.00
00003580 5-1100 Cost of Sales ?9,480.00
00003580 1-1300 Inventory ?2,970.00
00003580 1-1300 Inventory ?6,510.00
SJ 18-01-2019 Sale; Jerry Technology
00003582 1-1200 Accounts Receivable ?11,680.00
00003582 1-1200 Accounts Receivable ?1,168.00
00003582 4-1100 Sales Revenue ?11,680.00
00003582 2-1310 GST Collected ?1,168.00
00003582 5-1100 Cost of Sales ?7,920.00
00003582 1-1300 Inventory ?4,650.00
00003582 1-1300 Inventory ?3,270.00
SJ 24-01-2019 Sale; Pikea
00003581 1-1200 Accounts Receivable ?45,920.00
00003581 1-1200 Accounts Receivable ?4,592.00
00003581 4-1100 Sales Revenue ?45,920.00
00003581 2-1310 GST Collected ?4,592.00
00003581 5-1100 Cost of Sales ?30,530.00
00003581 1-1300 Inventory ?6,930.00
00003581 1-1300 Inventory ?21,420.00
00003581 1-1300 Inventory ?2,180.00
SJ 24-01-2019 Sale; Jerry Technology
00003583 1-1200 Accounts Receivable ?4,200.00
00003583 1-1200 Accounts Receivable ?420.00
00003583 4-1100 Sales Revenue ?4,200.00
00003583 2-1310 GST Collected ?420.00
00003583 5-1100 Cost of Sales ?2,790.00
00003583 1-1300 Inventory ?2,790.00

Hi-Fi Way (Anupam Phullel)
Sales & Receivables Journal
01-07-2018 To 31-01-2019
05-10-2019
3:26:38
Page 2
ID# Acct# Account Name Debit Credit Job No.
SJ 24-01-2019 Jerry Technology: Credit from 00003583
SJ000001 1-1200 Accounts Receivable ?4,620.00
SJ000001 1-1200 Accounts Receivable ?4,620.00
Grand Total: ?195,210.00 ?195,210.00