MYOB Project Completion: Accounting Cycle and MYOB Software Use

This document provides a solution for a MYOB project, specifically focusing on the completion of a cash disbursements journal for "The Digital Village" from July 1, 2018, to January 31, 2019. The journal meticulously records all cash payments made during this period, including the date, check number, account details (account number and name), debit and credit amounts, and GST paid. Transactions include payments for office supplies, property and equipment, trade creditors, prepaid rent, salaries, electricity, telephone expenses, bank charges, and interest. The journal is presented across two pages, with a grand total of $52,764.00 for both debits and credits. This assignment aims to provide students with experience in practical and technical skills essential to accounting with the MYOB Accounting Plus software, through the completion of a one-month accounting cycle for a fictional business.

The Digital Village (Preeti Rawat)
613 Mackenzie Avenue
Brisbane, QLD, 4000
Australia
Cash Disbursements Journal
7/1/2018 To 1/31/2019
7/18/2019
12:59:48 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
CD 1/2/2019 Office Supplies Warehouse
4088 1-1110 Cheque Account $3,850.00
4088 1-3110 Property & Equipment at Cost $3,500.00
4088 2-1330 GST Paid $350.00
CD 1/3/2019 Discount Office Supplies
4089 1-1110 Cheque Account $1,210.00
4089 1-1400 Office Supplies $1,100.00
4089 2-1330 GST Paid $110.00
CD 1/4/2019 Moon Megasystems
4090 1-1110 Cheque Account $4,300.00
4090 2-1200 Trade Creditors $4,300.00
CD 1/5/2019 Big Telco
4091 1-1110 Cheque Account $10,241.00
4091 2-1200 Trade Creditors $10,241.00
CD 1/15/2019 Big Telco
4092 1-1110 Cheque Account $12,210.00
4092 2-1200 Trade Creditors $12,210.00
CD 1/15/2019 Barry White Real Estate
4093 1-1110 Cheque Account $8,800.00
4093 1-1500 Prepaid Rent $8,000.00
4093 2-1330 GST Paid $800.00
CD 1/26/2019 Big Telco
4094 1-1110 Cheque Account $2,596.00
4094 2-1200 Trade Creditors $2,596.00
CD 1/31/2019 Richard Reed
4095 1-1110 Cheque Account $2,805.00
4095 6-1930 Salaries Expense $3,300.00
4095 2-1420 PAYG Withholding Payable $495.00
CD 1/31/2019 Preeti Rawat
4096 1-1110 Cheque Account $2,975.00
4096 6-1930 Salaries Expense $3,500.00
4096 2-1420 PAYG Withholding Payable $525.00
CD 1/31/2019 State Power
4097 1-1110 Cheque Account $1,210.00
4097 6-2420 Electricity Expense $1,100.00
4097 2-1330 GST Paid $110.00
CD 1/31/2019 Vopstra
4098 1-1110 Cheque Account $1,320.00
4098 6-2200 Telephone Expense $1,200.00
4098 2-1330 GST Paid $120.00
CD 1/31/2019 Earth Bank
4099 1-1110 Cheque Account $215.00
4099 9-1000 Interest Expense $215.00
CD 1/31/2019
SC013119 1-1110 Cheque Account $12.00
SC013119 6-2500 Bank Charges $12.00

The Digital Village (Preeti Rawat)
Cash Disbursements Journal
7/1/2018 To 1/31/2019
7/18/2019
12:59:48 PM
Page 2
ID# Acct# Account Name Debit Credit Job No.
CD 1/31/2019
Grand Total: $52,764.00 $52,764.00