Sales and Receivables Journal: Analysis of Transactions (January 2019)

This assignment presents a sales and receivables journal for The Digital Village, covering transactions from January 1 to January 31, 2019. The journal includes detailed entries for sales to various customers like Handys Electronics, Pikea, and Radio Hut. Each transaction lists the account number, account name, debit, and credit amounts, encompassing accounts receivable, sales revenue, GST collected, cost of sales, and inventory adjustments. The journal meticulously tracks financial movements, offering insights into sales performance, GST obligations, and inventory management, culminating in a grand total of debits and credits for the period, demonstrating a balanced accounting record of the business's financial activity. The provided data allows for the analysis of sales trends, the impact of GST, and inventory flow within the specified timeframe.

The Digital Village (sumera inam)
462 class lane melbourne, VIC, 3000 Australia
Sales & Receivables Journal
1/1/2019 To 1/31/2019
7/16/2019
12:58:20 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/5/2019 Sale; Handys electronics
00003248 1-1200 Accounts receivable $7,400.00
00003248 1-1200 Accounts receivable $740.00
00003248 4-1100 sales revenue $7,400.00
00003248 2-1310 GST Collected $740.00
00003248 5-1100 cost of sales $4,740.00
00003248 1-1300 Inventory $1,420.00
00003248 1-1300 Inventory $3,320.00
SJ 1/10/2019 Sale; Handys electronics
00003249 1-1200 Accounts receivable $9,300.00
00003249 1-1200 Accounts receivable $930.00
00003249 4-1100 sales revenue $9,300.00
00003249 2-1310 GST Collected $930.00
00003249 5-1100 cost of sales $5,980.00
00003249 1-1300 Inventory $2,130.00
00003249 1-1300 Inventory $3,850.00
SJ 1/17/2019 Sale; pikea
00003251 1-1200 Accounts receivable $9,900.00
00003251 1-1200 Accounts receivable $990.00
00003251 4-1100 sales revenue $9,900.00
00003251 2-1310 GST Collected $990.00
00003251 5-1100 cost of sales $6,340.00
00003251 1-1300 Inventory $3,850.00
00003251 1-1300 Inventory $2,490.00
SJ 1/22/2019 Sale; Radio hut
00003252 1-1200 Accounts receivable $16,000.00
00003252 1-1200 Accounts receivable $1,600.00
00003252 4-1100 sales revenue $16,000.00
00003252 2-1310 GST Collected $1,600.00
00003252 5-1100 cost of sales $10,250.00
00003252 1-1300 Inventory $2,130.00
00003252 1-1300 Inventory $4,800.00
00003252 1-1300 Inventory $3,320.00
SJ 1/23/2019 Sale; pikea
00003253 1-1200 Accounts receivable $4,800.00
00003253 1-1200 Accounts receivable $480.00
00003253 4-1100 sales revenue $4,800.00
00003253 2-1310 GST Collected $480.00
00003253 5-1100 cost of sales $3,080.00
00003253 1-1300 Inventory $3,080.00
Grand Total: $82,530.00 $82,530.00