Highway Heaven blank formsmanual AND T ACCT.xls - GENERAL...

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Date Post Description Ref. Debit ($) Credit ($) April 1 Cash Register 3400.00 GST Paid/ Receivable 2-1330 340.00 Cash at bank 1- 1100 3740.00 (Wrote a cheque for a new cash register [Cheque 210]) Depreciation Expense - Cash Register 6-1800 1193.33 Accumulated Depreciation - Cash Register 1-3320 1193.33 (Record depreciation on Cash Register) 10 Drawings - Michael Harley 3-1200 2500.00 Cash at bank 1-1100 2500.00 (Michael withdrew cash for personal use) 22 Drawings- Michael Harley 3-1200 3000.00 Cash at bank 1-1100 3000.00 (Michael withdrew cash for personal use) 26 Accounts Payable 2-1200 220.00 Inventory 1-1300 200.00 GST Receivable/Paid 2-1330 20.00 (Returned goods, adjustment note received) 31 Sales returns and allowance 4-1500 5280.00 GST Payable/Collected 2-1310 528.00 Accounts Receivable - Kamikaze Courier 1-1200 5808.00 (Return of good sold) Inventory 1-1300 Cost of Sales Cost of goods returned ADJUSTING ENTRIES 30 Depreciation Expense - Motor Vehichles 5400.00 Accumulated Depreciation - Motor Vehichles 5400.00 (Record depreciation on Motor Vehichles) 30 Depreciation Expense - Shop Furniture & Fixtures 600.00 Accumulated Depreciation - Shop Furniture & Fixtures 600.00 (Record depreciation on Shop Furniture & Fixtures) 30 Wages Expense - Dirkk 225.00 Wages Payable 225.00 30 Wages Expense - Mae 200.00 Wages Payable 200.00 GENERAL JOURNAL
Date Inv. Post. GST Paid Freight No. Account Terms Ref. Inventory (Outlays) Paid April 11 P.O.344 Hit the road 5/10, n/30 200.00 20.00 12 P.O.345 Best bikes 5/10, n/30 19,250.00 1,925.00 19 P.O.346 Tommy Tee 5/10, n/30 500.00 50.00 23 P.O.347&348 Puchase on credit 5/10, n/30 10,220.00 1,022.00 Totals 30,170.00 3,017.00 PURCHASES JOURNAL
Accounts Payable 220.00 21,175.00 550.00 11,242.00 33,187.00 Pag
SALES JOURNAL Inv. Post Cost of Freight GST Accounts Date No. Account Terms Ref. Goods Sold Sales Lessons Collected Collected Receivable April 11 CR71 Kamikaze Couriers 2/15, n/30 4,950.00 15,840.00 1,584.00 17,424.00 15 CR72 Ranger Bike Club 2/15, n/30 4,400.00 12,980.00 80.00 1,306.00 14,366.00 21 CR73 Free Whealers 2/15, n/30 310.00 930.00 93.00 1,023.00 25 CR73 Kamikaze Couriers 2/15, n/30 6,600.00 21,120.00 2,112.00 23,232.00 Totals 16,260.00 50,870.00 80.00 5,095.00 56,045.00
CASH PAYMENTS JOURNA JOURNAL Debits Cheque Post Accounts GST Paid Motor Vehicle Loan Cash at Date Account No. Ref. Payable (Outlays) Wages Expense Rent Repayment Other Bank April 1 Prepaid rent 211 420.00 4,200.00 4,620.00 2 Advertising expense 212 75.00 750.00 825.00 6 Dumbar & Dumbar 213 880.00 880.00 8 Hit the road 214 1,200.00 1,200.00 10 Best bikes 216 3,560.00 3,560.00 12 Evans Garage 217 51.00 510.00 561.00 14 Wage 218&219 1,650.00 1,650.00 15 Bikers bank 220 3,330.00 3,330.00 21 Printing expense 221 39.00 390.00 429.00 27 Allied Insurance 223 62.00 620.00 682.00 28 Wage 224&225 1,550.00 1,550.00 Totals 5,640.00 647.00 3,200.00 1,130.00 4,200.00 3,300.00 1,140.00 19,287.00
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Credits Discount GST Paid Received (Outlays)
CASH RECEIPTS JOURNAL Date Debits Credits Post Invoice Cash at Discount GST Cost of Cash Lessons Accounts GST Account Ref. No. Bank Allowed Payable Goods Sold Sales Receivable Collected Other April 3 Sales R301 7403.00 2280.00 6730.00 673.00 4 Lesson revenue L1 330.00 300.00 30.00 10 Sales R302 19085.00 5600.00 17350.00 1735.00 12 Kamikaza Couriers 5900.00 5900.00 14 Free Whealers 3780.00 3780.00 16 Lesson revenue L2 495.00 450.00 45.00 18 Kamikaza Couriers 17,075.52 316.80 31.68 17,424.00 23 Lesson revenue L3 220.00 200.00 20.00 25 Cash sale R303 4675.00 2250.00 4250.00 425.00 31 Lesson revenue L4 220.00 200.00 20.00 Totals 59183.52 316.80 31.68 10130.00 28330.00 1150.00 27104.00 2948.00
GENERAL LEDGER Name: BANK Acct No.: 1-1110 Post.

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