Sales & Receivables Journal of Intermaweb Computer - Finance Task

This document presents a solved Sales & Receivables Journal for Intermaweb Computer, covering transactions from January 1, 2019, to January 31, 2019. It includes detailed entries for sales made to various customers such as HYPERTONICS, PIKEA, and RADIO HUT, with corresponding debits and credits for accounts receivable, sales revenue, GST collected, cost of sales, and inventory. The journal provides a comprehensive record of each sale, including the date, account numbers, account names, and the debit and credit amounts, culminating in a grand total for both debit and credit columns. This assignment helps students understand practical application of journal entries in accounting.

INTERMAWEB COMPUTER(MOHID RAZA HASHMANI)
136 ROBINSON STREET CANBERRA, ACT, 2600 AUSTRALIA
Sales & Receivables Journal
1/1/2019 To 1/31/2019
10/9/2019
7:33:55 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/5/2019 Sale; HYPERTONICS
00003516 1-1200 ACCOUNTS RECEIVABLE $8,400.00
00003516 1-1200 ACCOUNTS RECEIVABLE $840.00
00003516 4-1100 SALES REVENUE $8,400.00
00003516 2-1310 GST Collected $840.00
00003516 5-1100 COST OF SALES $5,310.00
00003516 1-1300 Inventory $2,280.00
00003516 1-1300 Inventory $3,030.00
SJ 1/9/2019 Sale; HYPERTONICS
00003517 1-1200 ACCOUNTS RECEIVABLE $13,050.00
00003517 1-1200 ACCOUNTS RECEIVABLE $1,305.00
00003517 4-1100 SALES REVENUE $13,050.00
00003517 2-1310 GST Collected $1,305.00
00003517 5-1100 COST OF SALES $8,430.00
00003517 1-1300 Inventory $4,560.00
00003517 1-1300 Inventory $3,870.00
SJ 1/19/2019 Sale; PIKEA
00003519 1-1200 ACCOUNTS RECEIVABLE $12,250.00
00003519 1-1200 ACCOUNTS RECEIVABLE $1,225.00
00003519 4-1100 SALES REVENUE $12,250.00
00003519 2-1310 GST Collected $1,225.00
00003519 5-1100 COST OF SALES $7,910.00
00003519 1-1300 Inventory $3,870.00
00003519 1-1300 Inventory $4,040.00
SJ 1/23/2019 Sale; RADIO HUT
00003518 1-1200 ACCOUNTS RECEIVABLE $25,100.00
00003518 1-1200 ACCOUNTS RECEIVABLE $2,510.00
00003518 4-1100 SALES REVENUE $25,100.00
00003518 2-1310 GST Collected $2,510.00
00003518 5-1100 COST OF SALES $15,890.00
00003518 1-1300 Inventory $3,420.00
00003518 1-1300 Inventory $10,450.00
00003518 1-1300 Inventory $2,020.00
SJ 1/24/2019 Sale; PIKEA
00003519 1-1200 ACCOUNTS RECEIVABLE $5,850.00
00003519 1-1200 ACCOUNTS RECEIVABLE $585.00
00003519 4-1100 SALES REVENUE $5,850.00
00003519 2-1310 GST Collected $585.00
00003519 5-1100 COST OF SALES $3,870.00
00003519 1-1300 Inventory $3,870.00
Grand Total: $112,525.00 $112,525.00