Hi-Fi Way: Preparing a Sales & Receivables Journal for January 2019

This document presents a detailed sales and receivables journal for Hi-Fi Way covering the period from January 1, 2019, to January 31, 2019. It includes entries for sales transactions with customers like Handys Electronics and Jerry Technology, detailing the debit and credit entries for trade debtors, sales revenue, GST collected, cost of sales, and inventory. Each transaction is recorded with the corresponding account number and amount, providing a comprehensive overview of the company's sales and receivables activities during the specified month. The journal concludes with a grand total of debits and credits, ensuring the accounting equation remains balanced.

Hi-Fi Way (Rebecca Jayne)
404 Hogarth Boulevard
Perth, WA, 6000
Australia
Sales & Receivables Journal
1/1/2019 To 1/31/2019
9/18/2019
2:46:05 AM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/5/2019 Sale; Handys Electronics
00003422 1-1200 Trade Debtors $8,320.00
00003422 1-1200 Trade Debtors $832.00
00003422 4-1100 Sales Revenue $8,320.00
00003422 2-1310 GST Collected $832.00
00003422 5-1100 Cost of Sales $5,640.00
00003422 1-1300 Inventory $2,640.00
00003422 1-1300 Inventory $3,000.00
SJ 1/11/2019 Sale; Handys Electronics
00003423 1-1200 Trade Debtors $12,000.00
00003423 1-1200 Trade Debtors $1,200.00
00003423 4-1100 Sales Revenue $12,000.00
00003423 2-1310 GST Collected $1,200.00
00003423 5-1100 Cost of Sales $7,960.00
00003423 1-1300 Inventory $1,320.00
00003423 1-1300 Inventory $6,640.00
SJ 1/16/2019 Sale; Jerry Technology
00003425 1-1200 Trade Debtors $34,020.00
00003425 1-1200 Trade Debtors $3,402.00
00003425 4-1100 Sales Revenue $34,020.00
00003425 2-1310 GST Collected $3,402.00
00003425 5-1100 Cost of Sales $22,940.00
00003425 1-1300 Inventory $14,940.00
00003425 1-1300 Inventory $8,000.00
SJ 1/23/2019 Sale; Pikea
00003424 1-1200 Trade Debtors $24,920.00
00003424 1-1200 Trade Debtors $2,492.00
00003424 4-1100 Sales Revenue $24,920.00
00003424 2-1310 GST Collected $2,492.00
00003424 5-1100 Cost of Sales $16,620.00
00003424 1-1300 Inventory $3,300.00
00003424 1-1300 Inventory $10,320.00
00003424 1-1300 Inventory $3,000.00
SJ 1/24/2019 Sale; Jerry Technology
00003425 1-1200 Trade Debtors $17,500.00
00003425 1-1200 Trade Debtors $1,750.00
00003425 4-1100 Sales Revenue $17,500.00
00003425 2-1310 GST Collected $1,750.00
00003425 5-1100 Cost of Sales $11,620.00
00003425 1-1300 Inventory $11,620.00
Grand Total: $171,216.00 $171,216.00