Hi-Fi Way Sales & Receivables Journal Analysis - January 2019 Report

This assignment presents a Sales & Receivables Journal for Hi-Fi Way for the period of January 1, 2019, to January 31, 2019. It details sales transactions, including the dates, customer names (Handys Electronics, Jerry Technology, Radio Hut), and corresponding account numbers. The journal entries include debits and credits for accounts receivable, sales revenue, GST collected, cost of sales, and inventory. The analysis includes calculations of sales revenue, cost of sales, and GST. The journal provides a comprehensive overview of Hi-Fi Way's financial transactions during the specified period, demonstrating the flow of sales, receivables, and related financial aspects. The grand totals for debits and credits are also provided, ensuring the balance of the journal.

Hi-Fi Way(arjdeep kaur)
367 AVERA STREET CANBERRA, ACT,2600 AUSTRALIA
Sales & Receivables Journal
1/1/2019 To 1/31/2019
8/9/2019
5:58:04 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/6/2019 Sale; HANDYS ELECTRONICS
00003580 1-1200 ACCOUNTS RECEIVABLE $9,800.00
00003580 1-1200 ACCOUNTS RECEIVABLE $980.00
00003580 4-1100 SALES REVENUE $9,800.00
00003580 2-1310 GST Collected $980.00
00003580 5-1100 COST OF SALES $6,200.00
00003580 1-1300 Inventory $2,780.00
00003580 1-1300 Inventory $3,420.00
SJ 1/9/2019 Sale; HANDYS ELECTRONICS
00003581 1-1200 ACCOUNTS RECEIVABLE $21,200.00
00003581 1-1200 ACCOUNTS RECEIVABLE $2,120.00
00003581 4-1100 SALES REVENUE $21,200.00
00003581 2-1310 GST Collected $2,120.00
00003581 5-1100 COST OF SALES $13,390.00
00003581 1-1300 Inventory $8,340.00
00003581 1-1300 Inventory $5,050.00
SJ 1/19/2019 Sale; JERRY TECHNOLOGY
00003583 1-1200 ACCOUNTS RECEIVABLE $21,800.00
00003583 1-1200 ACCOUNTS RECEIVABLE $2,180.00
00003583 4-1100 SALES REVENUE $21,800.00
00003583 2-1310 GST Collected $2,180.00
00003583 5-1100 COST OF SALES $13,780.00
00003583 1-1300 Inventory $8,080.00
00003583 1-1300 Inventory $5,700.00
SJ 1/24/2019 Sale; RADIO HUT
00003582 1-1200 ACCOUNTS RECEIVABLE $71,400.00
00003582 1-1200 ACCOUNTS RECEIVABLE $7,140.00
00003582 4-1100 SALES REVENUE $71,400.00
00003582 2-1310 GST Collected $7,140.00
00003582 5-1100 COST OF SALES $45,200.00
00003582 1-1300 Inventory $8,340.00
00003582 1-1300 Inventory $33,440.00
00003582 1-1300 Inventory $3,420.00
SJ 1/24/2019 Sale; JERRY TECHNOLOGY
00003583 1-1200 ACCOUNTS RECEIVABLE $3,200.00
00003583 1-1200 ACCOUNTS RECEIVABLE $320.00
00003583 4-1100 SALES REVENUE $3,200.00
00003583 2-1310 GST Collected $320.00
00003583 5-1100 COST OF SALES $2,020.00
00003583 1-1300 Inventory $2,020.00
Grand Total: $220,730.00 $220,730.00