Hi-Fi Way Sales and Receivables Journal (January 2019)

This assignment is a sales and receivables journal for Hi-Fi Way, covering the period from January 1, 2019, to January 31, 2019. It details various sales transactions with different customers, including Handys Electronics, Jerry Technology, and Turbo Tech. The journal includes account numbers, dates, descriptions of sales, and the corresponding debit and credit entries for accounts receivable, sales revenue, GST collected, cost of sales, and inventory. The journal provides a comprehensive overview of the company's sales activities, enabling analysis of revenue, cost of goods sold, and overall financial performance within the specified timeframe. The journal also includes grand totals for both debit and credit columns to ensure the accounting equation remains balanced.

Hi-Fi Way (Roshan janardhan)
714 davies avenue hobart, TAS ,7000 AUSTRALIA
Sales & Receivables Journal
1/1/2019 To 1/31/2019
7/20/2019
6:11:26 PM
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 1/6/2019 Sale; HANDYS ELECTRONICS
00003500 1-1200 ACCOUNTS RECEIVABLE $13,200.00
00003500 1-1200 ACCOUNTS RECEIVABLE $1,320.00
00003500 4-1100 SALES REVENUE $13,200.00
00003500 2-1310 GST Collected $1,320.00
00003500 5-1100 COST OF SALES $8,600.00
00003500 1-1300 Inventory $5,480.00
00003500 1-1300 Inventory $3,120.00
SJ 1/10/2019 Sale; HANDYS ELECTRONICS
00003501 1-1200 ACCOUNTS RECEIVABLE $21,500.00
00003501 1-1200 ACCOUNTS RECEIVABLE $2,150.00
00003501 4-1100 SALES REVENUE $21,500.00
00003501 2-1310 GST Collected $2,150.00
00003501 5-1100 COST OF SALES $14,050.00
00003501 1-1300 Inventory $6,850.00
00003501 1-1300 Inventory $7,200.00
SJ 1/16/2019 Sale; JERRY TECHNOLOGY
00003503 1-1200 ACCOUNTS RECEIVABLE $15,200.00
00003503 1-1200 ACCOUNTS RECEIVABLE $1,520.00
00003503 4-1100 SALES REVENUE $15,200.00
00003503 2-1310 GST Collected $1,520.00
00003503 5-1100 COST OF SALES $9,900.00
00003503 1-1300 Inventory $2,880.00
00003503 1-1300 Inventory $7,020.00
SJ 1/22/2019 Sale; JERRY TECHNOLOGY
00003504 1-1200 ACCOUNTS RECEIVABLE $4,400.00
00003504 1-1200 ACCOUNTS RECEIVABLE $440.00
00003504 4-1100 SALES REVENUE $4,400.00
00003504 2-1310 GST Collected $440.00
00003504 5-1100 COST OF SALES $2,880.00
00003504 1-1300 Inventory $2,880.00
SJ 1/23/2019 Sale; TURBO TECH
00003502 1-1200 ACCOUNTS RECEIVABLE $37,600.00
00003502 1-1200 ACCOUNTS RECEIVABLE $3,760.00
00003502 4-1100 SALES REVENUE $37,600.00
00003502 2-1310 GST Collected $3,760.00
00003502 5-1100 COST OF SALES $24,620.00
00003502 1-1300 Inventory $5,480.00
00003502 1-1300 Inventory $16,800.00
00003502 1-1300 Inventory $2,340.00
Grand Total: $161,140.00 $161,140.00