Financial Analysis: Sales & Receivables Journal for January 2019

This assignment presents a Sales & Receivables Journal for January 2019, detailing transactions with multiple customers including Handys Electronics, Jerry Technology, and Turbo Tech. The journal includes entries for accounts receivable, sales revenue, GST collected, cost of sales, and inventory. Each transaction lists debit and credit amounts, providing a clear overview of the financial activity. A credit entry from Jerry Technology is also included. The journal concludes with grand totals for debit and credit amounts, providing a concise summary of financial performance. The assignment demonstrates a strong understanding of accounting principles and financial statement analysis.

Tech Head (Ahmed Yousuf)
226 Caird Lane
Brisbane, QLD, 4000
Australia
Sales & Receivables Journal
1/1/2019 To 1/31/2019
4/28/2019
7:32:42 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/6/2019 Sale; Handys Electronics
00003290 1-1200 Accounts Receivable $8,600.00
00003290 1-1200 Accounts Receivable $860.00
00003290 4-1100 Sales Revenue $8,600.00
00003290 2-1310 GST Collected $860.00
00003290 5-1100 Cost of Sales $5,500.00
00003290 1-1300 Inventory $1,660.00
00003290 1-1300 Inventory $3,840.00
SJ 1/9/2019 Sale; Handys Electronics
00003291 1-1200 Accounts Receivable $21,300.00
00003291 1-1200 Accounts Receivable $2,130.00
00003291 4-1100 Sales Revenue $21,300.00
00003291 2-1310 GST Collected $2,130.00
00003291 5-1100 Cost of Sales $13,610.00
00003291 1-1300 Inventory $3,320.00
00003291 1-1300 Inventory $10,290.00
SJ 1/17/2019 Sale; Jerry Technology
00003293 1-1200 Accounts Receivable $19,800.00
00003293 1-1200 Accounts Receivable $1,980.00
00003293 4-1100 Sales Revenue $19,800.00
00003293 2-1310 GST Collected $1,980.00
00003293 5-1100 Cost of Sales $12,660.00
00003293 1-1300 Inventory $8,820.00
00003293 1-1300 Inventory $3,840.00
SJ 1/22/2019 Sale; Turbo Tech
00003292 1-1200 Accounts Receivable $19,500.00
00003292 1-1200 Accounts Receivable $1,950.00
00003292 4-1100 Sales Revenue $19,500.00
00003292 2-1310 GST Collected $1,950.00
00003292 5-1100 Cost of Sales $12,470.00
00003292 1-1300 Inventory $4,150.00
00003292 1-1300 Inventory $6,400.00
00003292 1-1300 Inventory $1,920.00
SJ 1/25/2019 Sale; Jerry Technology
00003294 1-1200 Accounts Receivable $9,200.00
00003294 1-1200 Accounts Receivable $920.00
00003294 4-1100 Sales Revenue $9,200.00
00003294 2-1310 GST Collected $920.00
00003294 5-1100 Cost of Sales $5,880.00
00003294 1-1300 Inventory $5,880.00
SJ 1/25/2019 Jerry Technology: Credit from 00003294
SJ000001 1-1200 Accounts Receivable $10,120.00
SJ000001 1-1200 Accounts Receivable $10,120.00
Grand Total: $146,480.00 $146,480.00