Intermaweb Sales and Receivables Journal Analysis - January 2019

This assignment presents a sales and receivables journal for Intermaweb Computer for the month of January 2019. The journal details various sales transactions with customer names like Handys Electronics, Hypertonics, and Jerry Technology. For each sale, the journal includes account numbers, account names (Account Receivable, Sales Revenue, GST Collected, Cost of Sales, and Inventory), debit and credit entries, and the date of the transaction. Additionally, the journal includes a credit transaction from Hypertonics. The assignment provides a comprehensive overview of sales transactions, accounting entries, and the financial impact of sales activities, including the calculation of the grand total for debits and credits, demonstrating the double-entry bookkeeping system. This document is available on Desklib, a platform providing solutions for students.

Intermaweb computer (Mohammad Fahad)
174 Rowley Road Brisbane,QLD,4000 Australia
Sales & Receivables Journal
1/1/2019 To 1/31/2019
6/19/2019
2:21:45 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/5/2019 Sale; Handys Electronics
00003070 1-1200 Account Receivable $13,600.00
00003070 1-1200 Account Receivable $1,360.00
00003070 4-1100 Sales Revenue $13,600.00
00003070 2-1310 GST Collected $1,360.00
00003070 5-1100 Cost of Sales $8,640.00
00003070 1-1300 Inventory $2,800.00
00003070 1-1300 Inventory $5,840.00
SJ 1/10/2019 Sale; Handys Electronics
00003071 1-1200 Account Receivable $14,200.00
00003071 1-1200 Account Receivable $1,420.00
00003071 4-1100 Sales Revenue $14,200.00
00003071 2-1310 GST Collected $1,420.00
00003071 5-1100 Cost of Sales $9,000.00
00003071 1-1300 Inventory $1,400.00
00003071 1-1300 Inventory $7,600.00
SJ 1/18/2019 Sale; Hypertonics
00003073 1-1200 Account Receivable $22,800.00
00003073 1-1200 Account Receivable $2,280.00
00003073 4-1100 Sales Revenue $22,800.00
00003073 2-1310 GST Collected $2,280.00
00003073 5-1100 Cost of Sales $14,460.00
00003073 1-1300 Inventory $5,700.00
00003073 1-1300 Inventory $8,760.00
SJ 1/22/2019 Sale; Jerry Technology
00003072 1-1200 Account Receivable $25,900.00
00003072 1-1200 Account Receivable $2,590.00
00003072 4-1100 Sales Revenue $25,900.00
00003072 2-1310 GST Collected $2,590.00
00003072 5-1100 Cost of Sales $16,420.00
00003072 1-1300 Inventory $2,100.00
00003072 1-1300 Inventory $11,400.00
00003072 1-1300 Inventory $2,920.00
SJ 1/25/2019 Sale; Hypertonics
00003074 1-1200 Account Receivable $4,500.00
00003074 1-1200 Account Receivable $450.00
00003074 4-1100 Sales Revenue $4,500.00
00003074 2-1310 GST Collected $450.00
00003074 5-1100 Cost of Sales $2,850.00
00003074 1-1300 Inventory $2,850.00
SJ 1/25/2019 Hypertonics: Credit from 00003074
SJ000001 1-1200 Account Receivable $4,950.00
SJ000001 1-1200 Account Receivable $4,950.00
Grand Total: $145,420.00 $145,420.00