Assets Cash Bank 245000 Computer equipment 16400 Delivery Van 26000 Phones 2300

Assets cash bank 245000 computer equipment 16400

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Assets: Cash (Bank) $245,000 Computer equipment $16,400 Delivery Van $26,000 Phones $2,300 Office Equipment $4,500 Debtors $13,580 Stock $117,303 Expenses Phone Service / Calls $780 Electricity $1590 Gas $600 Water $550 Insurance $1300 Payroll $465,000 Cleaning $850 Finance Costs $1650 Advertising $560 Rent $25,000 Petrol $560 Accountants Fees $370 Maintenance $1405 Bank Fees $210 Office Supplies $600 Creditors: JRL Holdings $22,626 Innovating Technology Ltd $3,653 LMS Marketing $1,200 Rowlings & Sons $35,622 Ed has 3 customers that purchase a large quantity of stock through him which he delivers to their premises. To keep these customers happy, Ed is providing this service on credit to the customers listed below. The listed customers have a debt owing to Ed as listed: Debtors: P.L Farthings $1,323 J Smyth & Co $800 L.L Incorporated $356 National Appliances Direct $4,233
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FNSACC517 Version 2 April 2018 Page 10 of 23 Appendix 2 Big Ed’s Whitegoods Ltd Transactions October 2012 Ed sold the following items: Each sold at: 12 fridges $1600 15 freezers $800 13 microwaves $470 11 Range hoods $190 6 ovens $2100 16 cook tops $560 18 dishwashers $990 22 Vacuums $390 14 Coffee makers $600 25 Toasters $99 5 Irons $156 16 Mixers $89 13 Deep fryers $99 4 Portable A/Cs $350 0 Hairdryers $35 14 Irons $45 14 Scale Sets $24 13 Kettles $78 15 Small Bins $40 7 Large Bins $60 9 Wine coolers $299 5 Washing Machines $340 4 Dryers $330 TOTAL $111837 All Sales for cash
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FNSACC517 Version 2 April 2018 Page 11 of 23 Ed purchased the following items: Each purchased for: 10 fridges $800 Purchased on credit from JRL 15 freezers $250 Purchased on Credit from JRL 10 microwaves $150 10 Range hoods $80 5 ovens $900 15 cook tops $200 15 dishwashers $450 20 Vacuums $130 Purchased on credit from Innovative Tech 10 Coffee makers $250 Purchased on credit from Innovative Tech 20 Toasters $35 5 Irons $78 15 Mixers $45 10 Deep fryers $45 0 Portable A/Cs $180 0 Hairdryers $9 10 Irons $19 10 Scale Sets $12 10 Kettles $34 10 Small Bins $13 5 Large Bins $22 15 Wine coolers $130 5 Washing Machines $220 Purchased on credit from Rowlings 5 Dryers $210 TOTAL $40605 All Invoices paid at time of purchase unless otherwise stated The following amounts were paid to creditors: JRL Holdings $5,000 Innovating Technology Ltd $2,000 Rowlings & Sons $5,000 Deliver services were provided on credit to the following: P.L Farthings $300 J Smyth & Co $150 L.L Incorporated $362 National Appliances Direct $600
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FNSACC517 Version 2 April 2018 Page 12 of 23 The following was paid in expenses Phone Service / Calls $65 Electricity $132.50 Gas $50 Water $45.83 Insurance $108.33 Payroll $38750 Cleaning $70.83 Finance Costs $137.50 Advertising $46.67 Rent $2083.33 Petrol $46.67 Accountants Fees $30.83 Maintenance $117.08 Bank Fees $17.50 Office Supplies $ 50 TOTAL EXPENSES $41,752.08
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FNSACC517 Version 2 April 2018 Page 13 of 23 Bank Statement October 2012 1-Oct BALANCE FORWARD $245,000.00 CR 3-Oct Loan Costs (National) $137.50 $244,862.50 CR 4-Oct Telsta Invoice 3365432 $65.00 $244,797.50 CR 5-Oct HLH Electricity $132.50 $244,665.00 CR 6-Oct Ultimate Gas $50.00 $244,615.00 CR 8-Oct Wages $19,375.00 $225,240.00 8-Oct Rent $2,083.33 $223,156.67 CR 9-Oct Cash Deposit $6,000.00 $229,156.67 CR 13-Oct JRL Holdings $5,000.00 $224,156.67 CR 15-Oct Innovative Technology $2,000.00 $222,156.67 CR 17-Oct Cash Deposit $25,837.00 $247,993.67 CR 22-Oct Cash Withdraw $500.00 $247,493.67 CR 22-Oct Wages $19,375.00 $228,118.67 CR 22-Oct Purchase 11451 $12,620.00 $215,498.67 CR 23-Oct Shell $46.67 $215,452.00 CR 23-Oct Purchase 11452 $8,630.00 $206,822.00 CR 25-Oct Cash Withdraw $500.00 $206,322.00 CR 25-Oct Purchase 11453 $1,405.00 $204,917.00 CR 25-Oct LMS Marketing $46.67 $204,870.33 CR 25-Oct Cash Withdraw $50.00 $204,820.33 CR 26-Oct Water $45.83 $204,774.50 CR 26-Oct Insurance Direct Debit $108.33 $204,666.17 CR 27-Oct Corporate Cleaning Ltd $70.83 $204,595.34 CR 27-Oct Rowlings & Sons $5,000.00 $199,595.34 CR 27-Oct Cash Deposit $35,000.00 $234,595.34
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