Tech Head Sales & Receivables Journal Analysis 2018-2019

This assignment presents a Sales & Receivables Journal from Tech Head, detailing transactions from July 1, 2018, to January 31, 2019. The journal includes entries for accounts receivable, sales revenue, GST collected, cost of sales, and inventory. Various sales transactions are recorded, categorized by customer (e.g., Hypertronics, Pikea, Turbo Tech), with corresponding debits and credits. The document showcases the flow of financial data, including pre-conversion sales and post-conversion sales, and illustrates how sales and related financial aspects are recorded. The journal provides a comprehensive overview of sales and receivable activities, including the associated debits and credits for each transaction, culminating in a grand total of ?198,679.00 for both debits and credits, indicating a balanced financial record for the period.

Tech Head (Satinder)
650 Pearson Boulevard
Brisbane, QLD, 4000
Australia
Sales & Receivables Journal
01-07-2018 To 31-01-2019
20-07-2019
15:05:43
Page 1
ID# Acct# Account Name Debit Credit Job No.
SJ 13-12-2018 Pre-conversion sale
00003361 1-1200 Accounts Receivable ?10,000.00
00003361 1-1200 Accounts Receivable ?1,000.00
00003361 1-1200 Accounts Receivable ?11,000.00
SJ 20-12-2018 Pre-conversion sale
00003362 1-1200 Accounts Receivable ?5,160.00
00003362 1-1200 Accounts Receivable ?516.00
00003362 1-1200 Accounts Receivable ?5,676.00
SJ 22-12-2018 Pre-conversion sale
00003363 1-1200 Accounts Receivable ?18,830.00
00003363 1-1200 Accounts Receivable ?1,883.00
00003363 1-1200 Accounts Receivable ?20,713.00
SJ 05-01-2019 Sale; Hypertronics
00003364 1-1200 Accounts Receivable ?15,400.00
00003364 1-1200 Accounts Receivable ?1,540.00
00003364 4-1100 Sales Revenue ?15,400.00
00003364 2-1310 GST Collected ?1,540.00
00003364 5-1100 Cost of Sales ?9,920.00
00003364 1-1300 Inventory ?2,520.00
00003364 1-1300 Inventory ?7,400.00
SJ 09-01-2019 Sale; Hypertronics
00003365 1-1200 Accounts Receivable ?12,400.00
00003365 1-1200 Accounts Receivable ?1,240.00
00003365 4-1100 Sales Revenue ?12,400.00
00003365 2-1310 GST Collected ?1,240.00
00003365 5-1100 Cost of Sales ?7,980.00
00003365 1-1300 Inventory ?1,680.00
00003365 1-1300 Inventory ?6,300.00
SJ 16-01-2019 Sale; Pikea
00003367 1-1200 Accounts Receivable ?28,700.00
00003367 1-1200 Accounts Receivable ?2,870.00
00003367 4-1100 Sales Revenue ?28,700.00
00003367 2-1310 GST Collected ?2,870.00
00003367 5-1100 Cost of Sales ?18,460.00
00003367 1-1300 Inventory ?8,100.00
00003367 1-1300 Inventory ?10,360.00
SJ 22-01-2019 Sale; Pikea
00003368 1-1200 Accounts Receivable ?9,800.00
00003368 1-1200 Accounts Receivable ?980.00
00003368 4-1100 Sales Revenue ?9,800.00
00003368 2-1310 GST Collected ?980.00
00003368 5-1100 Cost of Sales ?6,300.00
00003368 1-1300 Inventory ?6,300.00
SJ 23-01-2019 Sale; Turbo Tech
00003366 1-1200 Accounts Receivable ?26,200.00
00003366 1-1200 Accounts Receivable ?2,620.00
00003366 4-1100 Sales Revenue ?26,200.00
00003366 2-1310 GST Collected ?2,620.00
00003366 5-1100 Cost of Sales ?16,880.00
00003366 1-1300 Inventory ?4,200.00
00003366 1-1300 Inventory ?8,240.00
00003366 1-1300 Inventory ?4,440.00

Tech Head (Satinder)
Sales & Receivables Journal
01-07-2018 To 31-01-2019
20-07-2019
15:05:43
Page 2
ID# Acct# Account Name Debit Credit Job No.
SJ 23-01-2019 Sale; Turbo Tech
Grand Total: ?198,679.00 ?198,679.00