BSB110 Decision Making in Accounting Assignment - QUT Semester 1, 2020

This document presents a solution for the QUT BSB110 Accounting for Decision Making assignment, specifically focusing on Part A, which involves utilizing Reckon Accounting Software. The assignment requires the identification of appropriate accounting entries and adjusting entries based on provided information. Students are expected to execute these entries correctly within the software and generate the Adjusted Trial Balance and Audit Trail Report. The provided solution includes the Audit Trail Report from March 10 to April 5, 2020, showcasing transactions, modifications, and user activity within the accounting system. The solution aims to fulfill the assignment criteria by demonstrating proficiency in identifying, executing, and reporting on financial transactions using accounting software, thereby aiding students in understanding the application of accounting principles in a practical setting.

Num Entered/Last Modified Last modified by State Date Name Description Account Split Debit Credit
Transactions entered or modified by n10344781Zay
Bill
05/04/2020 16:01:54 n10344781Zay Latest 31-03-2020 Object Gallery Pty Ltd Accounts payable -SPLIT- 880.00
Object Gallery Pty Ltd Printing & Framing E... Accounts paya... 800.00
Australian Taxation ... Non-Cap. Acq... Tax Payable Accounts paya... 80.00
Bill Pmt -Cheque 384
384 05/04/2020 16:07:48 n10344781Zay Latest 31-03-2020 Lujo Hair & Makeup ... Opening bala... Cash at Bank Accounts paya... 660.00
Lujo Hair & Makeup ... Accounts payable Cash at Bank 660.00
Cheque 385
385 05/04/2020 16:17:14 n10344781Zay Latest 31-03-2020 Cash Cleaning Exp... Cash at Bank -SPLIT- 451.00
Cash Studio Cleaning Exp... Cash at Bank 410.00
Australian Taxation ... Non-Cap. Acq... Tax Payable Cash at Bank 41.00
General Journal 13
13 05/04/2020 16:25:16 n10344781Zay Latest 31-03-2020 Wages Expense -SPLIT- 3,200.00
Wages Payable Wages Expense 3,200.00
Photography Supplie... Wages Expense 2,900.00
Photography Supplies Wages Expense 2,900.00
Depreciation Exp - p... Wages Expense 932.00
Photography Equipm... Wages Expense 932.00
Insurance Expense Wages Expense 1,000.00
Prepaid insurance Wages Expense 1,000.00
Payment
05/04/2020 16:06:38 n10344781Zay Latest 31-03-2020 Accent Fashion Pty Ltd Cash at Bank Accounts recei... 1,800.00
Accent Fashion Pty Ltd Accounts receivable Cash at Bank 1,800.00
Sales Receipt 1
1 05/04/2020 16:12:21 n10344781Zay Latest 31-03-2020 Cash Sale Cash at Bank -SPLIT- 3,300.00
Cash Sale Service revenue Cash at Bank 3,000.00
Australian Taxation ... 10% GST Tax Payable Cash at Bank 300.00
Tax Invoice AC77
AC77 05/04/2020 16:05:32 n10344781Zay Latest 31-03-2020 Torens Tours Pty Ltd Accounts receivable -SPLIT- 4,202.00
Torens Tours Pty Ltd Service revenue Accounts recei... 3,820.00
Australian Taxation ... 10% GST Tax Payable Accounts recei... 382.00
4:30 PM Creative Edge Professional Photography Pty Ltd
05-04-20 Audit Trail
Entered/Last Modified March 10 through April 5, 2020
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