Sydney Dealers Pty Ltd MYOB Accounting Assignment Report

This assignment solution presents the accounting transactions and financial reports for Sydney Dealers Pty Ltd, created using MYOB AccountRight Plus. The solution includes detailed account transactions for August 2019, encompassing sales, purchases, payments, and various adjustments. Key financial reports generated, as required by the assignment brief, include aged receivables and payables summaries, a trial balance, profit & loss statement, balance sheet, bank reconciliation, and a comprehensive accounts transactions report. The assignment demonstrates the use of accounting software to process transactions and generate essential financial statements, reflecting the application of accrual accounting principles. The reports cover various aspects of the company's financial performance and position during the specified period.

s4602376 Sydney Dealers Pty Ltd
205 Ballarat Rd, Sydney,
3015, Australia
ABN: 17 222 888 000
Created: 03/10/2019 10:51 AM
Account Transactions [Accrual]
August 2019
This report includes Year-End Adjustments.
Page 1 of 2
ID No. Src Date Memo/Payee Debit Credit Job No.
1-1110 Cheque Account
3351780 CD 13/08/2019Trust Real Estate $1,100.00
3351781 CD 18/08/2019Payment; Exhaust Pipes Ltd $6,600.00
3351782 CD 20/08/2019Power Ltd $880.00
CR4001 CR 20/08/2019Payment; Andy’s Repairs $7,700.00
3351783 CD 24/08/2019Payment; Car Parts Ltd $6,600.00
CR4002 CR 27/08/2019Payment; Dolly’s Auto Repairs $5,940.00
SC310819 CD 31/08/2019 $40.00
$13,640.00 $15,220.00
1-1310 Trade Debtors
00006301 SJ 02/08/2019Sale; Andy’s Repairs $7,700.00
00006302 SJ 05/08/2019Sale; Dolly’s Auto Repairs $6,160.00
00006302 SJ 10/08/2019Sale; Dolly’s Auto Repairs $220.00
C156 SJ 10/08/2019Dolly’s Auto Repairs: Credit from 00006303$220.00
C156 SJ 10/08/2019Dolly’s Auto Repairs: Credit from 00006303 $220.00
CR4001 CR 20/08/2019Payment; Andy’s Repairs $7,700.00
00006303 SJ 26/08/2019Sale; Panel Kings $12,540.00
CR4002 CR 27/08/2019Payment; Dolly’s Auto Repairs $5,940.00
$26,620.00 $14,080.00
1-1320 Merchandise Inventory
IJ000001 IJ 01/08/2019Inventory count $500.00
IJ000001 IJ 01/08/2019Inventory count $2,500.00
IJ000001 IJ 01/08/2019Inventory count $8,000.00
IJ000001 IJ 01/08/2019Inventory count $5,000.00
IJ000001 IJ 01/08/2019Inventory count $16,000.00
00006301 SJ 02/08/2019Sale; Andy’s Repairs $4,000.00
00006302 SJ 05/08/2019Sale; Dolly’s Auto Repairs $3,300.00
00000002 PJ 08/08/2019Purchase; Car Parts Ltd $6,000.00
00006302 SJ 10/08/2019Sale; Dolly’s Auto Repairs $100.00
00000003 PJ 12/08/2019Purchase; Wheels Ltd $3,000.00
00006303 SJ 26/08/2019Sale; Panel Kings $7,200.00
00000004 PJ 30/08/2019Purchase; Car Parts Ltd $6,000.00
00000005 PJ 31/08/2019Purchase; Car Parts Ltd $2,000.00
IJ000002 IJ 31/08/2019Inventory count $100.00
$31,100.00 $32,600.00
2-1210 GST Collected
00006301 SJ 02/08/2019Sale; Andy’s Repairs $700.00
00006302 SJ 05/08/2019Sale; Dolly’s Auto Repairs $560.00
00006302 SJ 10/08/2019Sale; Dolly’s Auto Repairs $20.00
00006303 SJ 26/08/2019Sale; Panel Kings $1,140.00
$20.00 $2,400.00
2-1220 GST Paid
00000002 PJ 08/08/2019Purchase; Car Parts Ltd $600.00
00000003 PJ 12/08/2019Purchase; Wheels Ltd $300.00
3351780 CD 13/08/2019Trust Real Estate $100.00
3351782 CD 20/08/2019Power Ltd $80.00
00000004 PJ 30/08/2019Purchase; Car Parts Ltd $600.00
00000005 PJ 31/08/2019Purchase; Car Parts Ltd $200.00
$1,680.00 $200.00
2-1510 Creditors

s4602376 Sydney Dealers Pty Ltd
205 Ballarat Rd, Sydney,
3015, Australia
ABN: 17 222 888 000
Created: 03/10/2019 10:51 AM
Account Transactions [Accrual]
August 2019
This report includes Year-End Adjustments.
Page 2 of 2
ID No. Src Date Memo/Payee Debit Credit Job No.
00000002 PJ 08/08/2019Purchase; Car Parts Ltd $6,600.00
00000003 PJ 12/08/2019Purchase; Wheels Ltd $3,300.00
3351781 CD 18/08/2019Payment; Exhaust Pipes Ltd $6,600.00
3351783 CD 24/08/2019Payment; Car Parts Ltd $6,600.00
00000004 PJ 30/08/2019Purchase; Car Parts Ltd $6,600.00
00000005 PJ 31/08/2019Purchase; Car Parts Ltd $2,200.00
PJ000001 PJ 31/08/2019Car Parts Ltd: Debit from 00000005 $2,200.00
PJ000001 PJ 31/08/2019Car Parts Ltd: Debit from 00000005 $2,200.00
$17,600.00 $18,700.00
4-1000 Sales Income
00006301 SJ 02/08/2019Sale; Andy’s Repairs $7,000.00
00006302 SJ 05/08/2019Sale; Dolly’s Auto Repairs $5,600.00
00006302 SJ 10/08/2019Sale; Dolly’s Auto Repairs $200.00
00006303 SJ 26/08/2019Sale; Panel Kings $11,400.00
$200.00 $24,000.00
5-1000 Cost Of Sales
00006301 SJ 02/08/2019Sale; Andy’s Repairs $4,000.00
00006302 SJ 05/08/2019Sale; Dolly’s Auto Repairs $3,300.00
00006302 SJ 10/08/2019Sale; Dolly’s Auto Repairs $100.00
00006303 SJ 26/08/2019Sale; Panel Kings $7,200.00
$14,500.00 $100.00
6-1610 Rent Expenses
3351780 CD 13/08/2019Trust Real Estate $1,000.00
$1,000.00 $0.00
6-1620 Electricity Expenses
3351782 CD 20/08/2019Power Ltd $800.00
$800.00 $0.00
6-3300 Inv. Adj. Shrinkage/Spoilage
IJ000002 IJ 31/08/2019Inventory count $100.00
$100.00 $0.00
9-2000 Bank Fees
SC310819 CD 31/08/2019 $40.00
$40.00 $0.00