Case Study Information.xlsx - 1-1110 1-1200 1-1300 1-1400...

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1-1110 Bank $10,500 1-1200 Accounts Receivable $8,100 1-1300 Inventory $10,500 1-1400 Stationery supplies $650 1-3110 $12,500 1-3120 $1,450 1-3210 Motor vehicle (cost) $22,000 1-3220 $3,500 2-1200 Accounts Payable $11,500 2-1340 Net GST Payable $560 2-1700 Wages payable $240 2-2100 Loan - Eastern Bank $20,000 3-1100 Capital - Al Wilson $27,000 Total $64,250 $64,250 Shop Fittings & equipment (cost) Shop Fittings & equipment- accumulated depreciation Accumulated Depreciation of Motor Vehicles
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Paid cash for printing expenses to Acorn Press– $594 (GST Inclusive).[chq 201] Paid three month’s rent of $4,620 (GST inclusive) to Prime Real Estate. [chq 203]. Paid for two months (March & April) advertising in the Surfing Times – $286 (GST inclusive) [chq 204 Credit sale to Airey’s Surf Club : inventory sold: 2 boogie boards, 2 surfboards, 3 surfing manuals (In Received payment of $4,000 from Torquay Surf Shop Received $1,540 (GST inclusive) for surfing lessons. Paid Seahorse Publishers for February account. [chq 205] Paid cash to GMJ Autos for vehicle expenses- $297 – (Including GST) [chq 206] Purchased inventory: 12 surfboards and 16 boogie boards. (P.O. 326, 327)

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