Journal Report: May 2018 - Accounting Transactions and Journal Entries

This journal report details accounting transactions for the month of May 2018. It includes entries related to ANZ Bank, owner investments, depreciation, advertising, rent expenses, payments to various parties (Warwick Smith, Jennie Caroll, Goh See Kwang, Charlie Sanders, Diane Evers, etc.), and other financial activities. The report provides debits and credits for each transaction, including accounts affected, dates, and amounts. It covers various aspects of financial recording, such as sales, cost of goods sold, inventory, and sales tax, providing a comprehensive overview of the company's financial activities during the specified period. The report also includes manual journal entries for depreciation and interest-related items. The document is a record of financial transactions for a sock business operating as a sole trader, registered for GST.

Journal Report
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abs
From 1 May 2018 to 31 May 2018
ID 99 ANZ Bank (Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Cash at Bank (605) 6,930.00
Interest Expense (437) 1,458.33
Loan (900) 5,471.67
6,930.00 6,930.00
ID 98 Reversed: ANZ Bank (Posted by BOB mar on 25 Sep 2018) Reversal of #96 31 May 2018
Account Debit Credit
Cash at Bank (605) 6,930.00
Interest Expense (437) 833.33
Loan (900) 6,096.67
6,930.00 6,930.00
ID 97 Owner (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit
Cash at Bank (605) 550,000.00
Owner A Share Capital (970) 200,000.00
Loan (900) 350,000.00
550,000.00 550,000.00
ID 96 ANZ Bank (Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Cash at Bank (605) 6,930.00
Interest Expense (437) 833.33
Loan (900) 6,096.67
6,930.00 6,930.00
ID 95 Interest receivable from Investment (Manual Journal: Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Interest Receivable (626) 670.83
Interest Income (270) 670.83
670.83 670.83
ID 94 Depreciation on Motor Vehicle (Manual Journal: Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Depreciation (416) 111.36
Less Accumulated Depreciation on Motor Vehicle (731) 111.36
111.36 111.36

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ID 93 Depreciation on Office Fittings (Manual Journal: Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Depreciation (416) 155.30
Less Accumulated Depreciation on Office Equipment (711) 155.30
155.30 155.30
ID 92 Advertising Expenses for May (Manual Journal: Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Advertising (400) 5,681.82
Prepayments (620) 5,681.82
5,681.82 5,681.82
ID 91 Rent Expenses for May (Manual Journal: Posted by BOB mar on 25 Sep 2018) 31 May 2018
Account Debit Credit
Rent (469) 4,545.45
Prepayments (620) 4,545.45
4,545.45 4,545.45
ID 90 Payment: Warwick Smith (Posted by BOB mar on 25 Sep 2018) 30 May 2018
Account Debit Credit
Accounts Receivable (610) 272.00
Cash at Bank (605) 272.00
272.00 272.00
ID 88 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 30 May 2018
Account Debit Credit
Cost of Goods Sold (310) 370.00
Inventory (630) 370.00
370.00 370.00
ID 87 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 30 May 2018
Account Debit Credit
Accounts Receivable (610) 680.00
Sales (200) 618.18
Sales Tax (820) 61.82
680.00 680.00
ID 86 Payment: Jennie Caroll (Posted by BOB mar on 25 Sep 2018) 30 May 2018
Account Debit Credit
Accounts Receivable (610) 130.00
Cash at Bank (605) 130.00
130.00 130.00
ID 84 Jennie Caroll (Posted by BOB mar on 25 Sep 2018) 30 May 2018

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Account Debit Credit
Cost of Goods Sold (310) 78.00
Inventory (630) 78.00
78.00 78.00
ID 83 Jennie Caroll (Posted by BOB mar on 25 Sep 2018) 30 May 2018
Account Debit Credit
Accounts Receivable (610) 130.00
Sales (200) 118.18
Sales Tax (820) 11.82
130.00 130.00
ID 82 Payment: Goh See Kwang (Posted by BOB mar on 25 Sep 2018) 29 May 2018
Account Debit Credit
Accounts Receivable (610) 52.95
Cash at Bank (605) 52.95
52.95 52.95
ID 80 Goh See Kwang (Posted by BOB mar on 25 Sep 2018) 29 May 2018
Account Debit Credit
Cost of Goods Sold (310) 22.20
Inventory (630) 22.20
Cost of Goods Sold (310) 10.20
Inventory (630) 10.20
32.40 32.40
ID 79 Goh See Kwang (Posted by BOB mar on 25 Sep 2018) 29 May 2018
Account Debit Credit
Accounts Receivable (610) 52.95
Sales (200) 32.45
Sales (200) 15.68
Sales Tax (820) 4.82
52.95 52.95
ID 78 Payment: Charlie Sanders (Posted by BOB mar on 25 Sep 2018) 28 May 2018
Account Debit Credit
Accounts Receivable (610) 152.00
Cash at Bank (605) 152.00
152.00 152.00
ID 76 Charlie Sanders (Posted by BOB mar on 25 Sep 2018) 28 May 2018
Account Debit Credit
Cost of Goods Sold (310) 52.50
Inventory (630) 52.50
Cost of Goods Sold (310) 37.00

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Inventory (630) 37.00
89.50 89.50
ID 75 Charlie Sanders (Posted by BOB mar on 25 Sep 2018) 28 May 2018
Account Debit Credit
Accounts Receivable (610) 152.00
Sales (200) 76.36
Sales (200) 61.82
Sales Tax (820) 13.82
152.00 152.00
ID 74 Shell Australia (Posted by BOB mar on 25 Sep 2018) 25 May 2018
Account Debit Credit
Cash at Bank (605) 286.79
Motor Vehicle Expenses (449) 260.72
Sales Tax (820) 26.07
286.79 286.79
ID 73 Payment: Warwick Smith (Posted by BOB mar on 25 Sep 2018) 24 May 2018
Account Debit Credit
Accounts Receivable (610) 680.00
Cash at Bank (605) 680.00
680.00 680.00
ID 71 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 24 May 2018
Account Debit Credit
Cost of Goods Sold (310) 780.00
Inventory (630) 780.00
780.00 780.00
ID 70 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 24 May 2018
Account Debit Credit
Accounts Receivable (610) 1,360.00
Sales (200) 1,236.36
Sales Tax (820) 123.64
1,360.00 1,360.00
ID 69 Payment: Diane Evers (Posted by BOB mar on 25 Sep 2018) 23 May 2018
Account Debit Credit
Accounts Receivable (610) 80.15
Cash at Bank (605) 80.15
80.15 80.15
ID 67 Diane Evers (Posted by BOB mar on 25 Sep 2018) 23 May 2018

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Account Debit Credit
Cost of Goods Sold (310) 34.00
Inventory (630) 34.00
Cost of Goods Sold (310) 11.10
Inventory (630) 11.10
45.10 45.10
ID 66 Diane Evers (Posted by BOB mar on 25 Sep 2018) 23 May 2018
Account Debit Credit
Accounts Receivable (610) 80.15
Sales (200) 56.36
Sales (200) 16.50
Sales Tax (820) 7.29
80.15 80.15
ID 65 Payment: Sock Daily (Posted by BOB mar on 25 Sep 2018) 22 May 2018
Account Debit Credit
Accounts Payable (800) 12,650.00
Cash at Bank (605) 12,650.00
12,650.00 12,650.00
ID 64 Payment: Gabby Stannus (Posted by BOB mar on 25 Sep 2018) 22 May 2018
Account Debit Credit
Accounts Receivable (610) 117.00
Cash at Bank (605) 117.00
117.00 117.00
ID 62 Gabby Stannus (Posted by BOB mar on 25 Sep 2018) 22 May 2018
Account Debit Credit
Cost of Goods Sold (310) 37.00
Inventory (630) 37.00
Cost of Goods Sold (310) 35.00
Inventory (630) 35.00
72.00 72.00
ID 61 Gabby Stannus (Posted by BOB mar on 25 Sep 2018) 22 May 2018
Account Debit Credit
Accounts Receivable (610) 117.00
Sales (200) 54.09
Sales (200) 52.27
Sales Tax (820) 10.64
117.00 117.00
ID 60 Payment: Freya Leonard (Posted by BOB mar on 25 Sep 2018) 21 May 2018
Account Debit Credit

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Accounts Receivable (610) 182.00
Cash at Bank (605) 182.00
182.00 182.00
ID 58 Freya Leonard (Posted by BOB mar on 25 Sep 2018) 21 May 2018
Account Debit Credit
Cost of Goods Sold (310) 68.00
Inventory (630) 68.00
Cost of Goods Sold (310) 51.00
Inventory (630) 51.00
119.00 119.00
ID 57 Freya Leonard (Posted by BOB mar on 25 Sep 2018) 21 May 2018
Account Debit Credit
Accounts Receivable (610) 182.00
Sales (200) 94.55
Sales (200) 70.91
Sales Tax (820) 16.54
182.00 182.00
ID 56 Shell Australia (Posted by BOB mar on 25 Sep 2018) 18 May 2018
Account Debit Credit
Cash at Bank (605) 297.65
Motor Vehicle Expenses (449) 270.59
Sales Tax (820) 27.06
297.65 297.65
ID 55 Payment: Warwick Smith (Posted by BOB mar on 25 Sep 2018) 18 May 2018
Account Debit Credit
Accounts Receivable (610) 1,360.00
Cash at Bank (605) 1,360.00
1,360.00 1,360.00
ID 53 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 18 May 2018
Account Debit Credit
Cost of Goods Sold (310) 680.00
Inventory (630) 680.00
680.00 680.00
ID 52 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 18 May 2018
Account Debit Credit
Accounts Receivable (610) 1,360.00
Sales (200) 1,236.36
Sales Tax (820) 123.64

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1,360.00 1,360.00
ID 51 Payment: Diane Evers (Posted by BOB mar on 25 Sep 2018) 17 May 2018
Account Debit Credit
Accounts Receivable (610) 123.25
Cash at Bank (605) 123.25
123.25 123.25
ID 49 Diane Evers (Posted by BOB mar on 25 Sep 2018) 17 May 2018
Account Debit Credit
Cost of Goods Sold (310) 52.50
Inventory (630) 52.50
Cost of Goods Sold (310) 18.50
Inventory (630) 18.50
71.00 71.00
ID 48 Diane Evers (Posted by BOB mar on 25 Sep 2018) 17 May 2018
Account Debit Credit
Accounts Receivable (610) 123.25
Sales (200) 84.55
Sales (200) 27.50
Sales Tax (820) 11.20
123.25 123.25
ID 47 Facebook (Posted by BOB mar on 25 Sep 2018) 15 May 2018
Account Debit Credit
Cash at Bank (605) 25,000.00
Prepayments (620) 22,727.27
Sales Tax (820) 2,272.73
25,000.00 25,000.00
ID 46 Payment: Hoa Pham (Posted by BOB mar on 25 Sep 2018) 14 May 2018
Account Debit Credit
Accounts Receivable (610) 183.50
Cash at Bank (605) 183.50
183.50 183.50
ID 44 Hoa Pham (Posted by BOB mar on 25 Sep 2018) 14 May 2018
Account Debit Credit
Cost of Goods Sold (310) 35.00
Inventory (630) 35.00
Cost of Goods Sold (310) 68.00
Inventory (630) 68.00
103.00 103.00

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ID 43 Hoa Pham (Posted by BOB mar on 25 Sep 2018) 14 May 2018
Account Debit Credit
Accounts Receivable (610) 183.50
Sales (200) 54.09
Sales (200) 112.73
Sales Tax (820) 16.68
183.50 183.50
ID 42 Payment: Jake Wishart (Posted by BOB mar on 25 Sep 2018) 14 May 2018
Account Debit Credit
Accounts Receivable (610) 108.00
Cash at Bank (605) 108.00
108.00 108.00
ID 40 Jake Wishart (Posted by BOB mar on 25 Sep 2018) 14 May 2018
Account Debit Credit
Cost of Goods Sold (310) 51.00
Inventory (630) 51.00
Cost of Goods Sold (310) 55.50
Inventory (630) 55.50
106.50 106.50
ID 39 Jake Wishart (Posted by BOB mar on 25 Sep 2018) 14 May 2018
Account Debit Credit
Accounts Receivable (610) 108.00
Sales (200) 43.64
Sales (200) 54.55
Sales Tax (820) 9.81
108.00 108.00
ID 38 Car R Us (Posted by BOB mar on 25 Sep 2018) 11 May 2018
Account Debit Credit
Cash at Bank (605) 18,000.00
Motor Vehicle (730) 16,363.64
Sales Tax (820) 1,636.36
18,000.00 18,000.00
ID 37 Payment: Warwick Smith (Posted by BOB mar on 25 Sep 2018) 10 May 2018
Account Debit Credit
Accounts Receivable (610) 1,360.00
Cash at Bank (605) 1,360.00
1,360.00 1,360.00
ID 35 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 10 May 2018

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Account Debit Credit
Cost of Goods Sold (310) 780.00
Inventory (630) 780.00
780.00 780.00
ID 34 Warwick Smith (Posted by BOB mar on 25 Sep 2018) 10 May 2018
Account Debit Credit
Accounts Receivable (610) 1,360.00
Sales (200) 1,236.36
Sales Tax (820) 123.64
1,360.00 1,360.00
ID 33 Payment: Sam LaRocca (Posted by BOB mar on 25 Sep 2018) 10 May 2018
Account Debit Credit
Accounts Receivable (610) 42.35
Cash at Bank (605) 42.35
42.35 42.35
ID 31 Sam LaRocca (Posted by BOB mar on 25 Sep 2018) 10 May 2018
Account Debit Credit
Cost of Goods Sold (310) 17.50
Inventory (630) 17.50
Cost of Goods Sold (310) 6.80
Inventory (630) 6.80
24.30 24.30
ID 30 Sam LaRocca (Posted by BOB mar on 25 Sep 2018) 10 May 2018
Account Debit Credit
Accounts Receivable (610) 42.35
Sales (200) 27.95
Sales (200) 10.55
Sales Tax (820) 3.85
42.35 42.35
ID 29 Payment: Melissa Crotty (Posted by BOB mar on 25 Sep 2018) 9 May 2018
Account Debit Credit
Accounts Receivable (610) 947.50
Cash at Bank (605) 947.50
947.50 947.50
ID 27 Melissa Crotty (Posted by BOB mar on 25 Sep 2018) 9 May 2018
Account Debit Credit
Cost of Goods Sold (310) 340.00
Inventory (630) 340.00
Cost of Goods Sold (310) 740.00

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Inventory (630) 740.00
1,080.00 1,080.00
ID 26 Melissa Crotty (Posted by BOB mar on 25 Sep 2018) 9 May 2018
Account Debit Credit
Accounts Receivable (610) 1,895.00
Sales (200) 522.73
Sales (200) 1,200.00
Sales Tax (820) 172.27
1,895.00 1,895.00
ID 25 Sock Daily (Posted by BOB mar on 25 Sep 2018) 8 May 2018
Account Debit Credit
Accounts Payable (800) 12,650.00
Inventory (630) 3,700.00
Inventory (630) 7,800.00
Sales Tax (820) 1,150.00
12,650.00 12,650.00
ID 24 Reversed: Sock Daily (Posted by BOB mar on 25 Sep 2018) Reversal of #23 8 May 2018
Account Debit Credit
Accounts Payable (800) 632,405.14
Inventory (630) 184,972.25
Inventory (630) 389,941.51
Sales Tax (820) 57,491.38
632,405.14 632,405.14
ID 23 Sock Daily (Posted by BOB mar on 25 Sep 2018) 8 May 2018
Account Debit Credit
Accounts Payable (800) 632,405.14
Inventory (630) 184,972.25
Inventory (630) 389,941.51
Sales Tax (820) 57,491.38
632,405.14 632,405.14
ID 22 Patrick Hanrahan (Posted by BOB mar on 25 Sep 2018) 7 May 2018
Account Debit Credit
Cost of Goods Sold (310) 70.00
Inventory (630) 70.00
Cost of Goods Sold (310) 40.80
Inventory (630) 40.80
110.80 110.80
ID 21 Patrick Hanrahan (Posted by BOB mar on 25 Sep 2018) 7 May 2018

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Account Debit Credit
Accounts Receivable (610) 193.20
Sales (200) 111.82
Sales (200) 63.82
Sales Tax (820) 17.56
193.20 193.20
ID 20 Bank Transfer from Cash at Bank to Short-Term Investment Account (Posted by BOB mar on 25 Sep
2018)
7 May 2018
Account Debit Credit
Cash at Bank (605) 300,000.00
Short-Term Investment Account (607) 300,000.00
300,000.00 300,000.00
ID 19 Payment: Charlie Sanders (Posted by BOB mar on 25 Sep 2018) 5 May 2018
Account Debit Credit
Accounts Receivable (610) 59.84
Cash at Bank (605) 59.84
59.84 59.84
ID 17 Charlie Sanders (Posted by BOB mar on 25 Sep 2018) 5 May 2018
Account Debit Credit
Cost of Goods Sold (310) 28.00
Inventory (630) 28.00
Cost of Goods Sold (310) 6.80
Inventory (630) 6.80
34.80 34.80
ID 16 Charlie Sanders (Posted by BOB mar on 25 Sep 2018) 5 May 2018
Account Debit Credit
Accounts Receivable (610) 59.84
Sales (200) 44.00
Sales (200) 10.40
Sales Tax (820) 5.44
59.84 59.84
ID 15 Payment: Alex Clarke (Posted by BOB mar on 25 Sep 2018) 5 May 2018
Account Debit Credit
Accounts Receivable (610) 407.00
Cash at Bank (605) 407.00
407.00 407.00
ID 13 Alex Clarke (Posted by BOB mar on 25 Sep 2018) 5 May 2018
Account Debit Credit
Cost of Goods Sold (310) 525.00

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Inventory (630) 525.00
Cost of Goods Sold (310) 680.00
Inventory (630) 680.00
1,205.00 1,205.00
ID 12 Alex Clarke (Posted by BOB mar on 25 Sep 2018) 5 May 2018
Account Debit Credit
Accounts Receivable (610) 2,035.00
Sales (200) 810.00
Sales (200) 1,040.00
Sales Tax (820) 185.00
2,035.00 2,035.00
ID 11 Payment: Alex Clarke (Posted by BOB mar on 25 Sep 2018) 2 May 2018
Account Debit Credit
Accounts Receivable (610) 89.10
Cash at Bank (605) 89.10
89.10 89.10
ID 9 Alex Clarke (Posted by BOB mar on 25 Sep 2018) 2 May 2018
Account Debit Credit
Cost of Goods Sold (310) 35.00
Inventory (630) 35.00
Cost of Goods Sold (310) 17.00
Inventory (630) 17.00
52.00 52.00
ID 8 Alex Clarke (Posted by BOB mar on 25 Sep 2018) 2 May 2018
Account Debit Credit
Accounts Receivable (610) 89.10
Sales (200) 55.00
Sales (200) 26.00
Sales Tax (820) 8.10
89.10 89.10
ID 7 Rose Office Furniture (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit
Cash at Bank (605) 20,500.00
Office Equipment (710) 18,636.36
Sales Tax (820) 1,863.64
20,500.00 20,500.00
ID 6 Officeworks (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit

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Cash at Bank (605) 3,257.00
Office Supplies (625) 2,960.91
Sales Tax (820) 296.09
3,257.00 3,257.00
ID 5 Savills Melbourne (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit
Cash at Bank (605) 30,000.00
Prepayments (620) 27,272.73
Sales Tax (820) 2,727.27
30,000.00 30,000.00
ID 4 Payment: Sock Daily (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit
Accounts Payable (800) 759.00
Cash at Bank (605) 759.00
759.00 759.00
ID 3 Sock Daily (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit
Accounts Payable (800) 7,590.00
Inventory (630) 3,500.00
Inventory (630) 1,700.00
Inventory (630) 1,700.00
Sales Tax (820) 690.00
7,590.00 7,590.00
ID 2 Reversed: Sock Daily (Posted by BOB mar on 25 Sep 2018) Reversal of #1 1 May 2018
Account Debit Credit
Accounts Payable (800) 379,798.14
Inventory (630) 175,137.47
Inventory (630) 85,066.78
Inventory (630) 85,066.78
Sales Tax (820) 34,527.11
379,798.14 379,798.14
ID 1 Sock Daily (Posted by BOB mar on 25 Sep 2018) 1 May 2018
Account Debit Credit
Accounts Payable (800) 379,798.14
Inventory (630) 175,137.47
Inventory (630) 85,066.78
Inventory (630) 85,066.78
Sales Tax (820) 34,527.11
379,798.14 379,798.14