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GRAND BANK - Receipt Receipt number 14 January 2018 4.pm 4562 Amount $4250.00 From MBB Catering Supplies 07 4567 3482 9856 To Roband P/L Biller 5248...

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GRAND BANK - Receipt Receipt number 14 January 2018 4.28.pm 4562
Amount
$4250.00
From
MBB Catering Supplies
07 4567 3482 9856
To
Roband P/L
Biller 5248
Code:
Ref: 9301
InV #67456
MBB CATERING SUPPLIES Tax “”0109
ABN 42 088 423 290 Invoice No.1 0002
351 Boutique Blvd Date: 15/01/2018
Templestowe, VIC 3107 Terms: 5/10, N30
Phone: (03) 9850 0351 PO #: EFT
Sold To: ,
Organlx Café and Food Store
42 James Street
Templestowe, VIC 3106
QTY Description Price Amount
1 HD Mixer $980.00 $980.00
Sale Amount: $980.00
Freight: $0.00
Total Amount: $980.00
Paid Today: 000 Balance Due: $980.00

0008.jpg

OFFICE MEMORANDUM Date: 16/01/18 To: Michael Brown SUBJECT:
1. Organix Café returned an HD mixer after a trial, as per condition of sale. Signed: Michael Brown MERCATERINGSUPPUES Cred" Note
ABN 42 088 423 290 Credit Note No.: 0001
351 Boutique Blvd Date: 16/01/2018 Templestowe, VIC 3107
Phone: (03) 9850 0351 Sold To: Organix Cafe — Return of Sale
42 James Street
Templestowe, VIC 3106 HD Mixer $980 00 $980. 00
Sale Amount: $980.00
Freight: $0.00 Total Amount: $980.00

0009.jpg

E h E: L_\x” I [“1 E1 Tax Invoice ":11, .11.. ._ It; III. .i 5:.»- ABN 45 689 643 101 Invoice No.: 0036897 Unit 2 / 7 Minnie Street Invoice Date: 18/01/2018 Belmore, NSW 2192 Terms: 4/10, N30
PO #1 2023 Sold To: MBB Catering Supplies
351 Boutique Blvd Templestowe, VIC 3107 QTY Item Description Unit Price Amount
$ $
4 Double-sided Flat Back Gondola Shelving 20 500 820,00
4 Single-sided Flat Back Gondola Shelving 10 500 420,00
4 Single-sided Peg Board Gondola Shelving 95 .00 3 80,00
1 Florence Counter Display 750.00 750.00 Frei _ht 100100
Subtotal 2470.00 Total 2470.00 BSB: 454-789
ACC#: 3456 0987 GRAND BANK - Receipt 18 January 2018 6.21 pm Receipt number
4563 Amount
$2250.00 From
MBB Catering Supplies
07 4567 3482 9856 To
Kitchen Aid EFT

0010.jpg

MBB CATERING SUPPLIES Tax Invoice ABN 42 088 423 290 Invoice N0.: 0003
351 Boutique Blvd Date: 21/01/2018
Templestowe, VIC 3107 Terms: 5/10, N30
Phone: (03) 9850 0351 PO #1 6487
Sold To: . . The T1k1 Room 18 Grand Blvd
Montmorency, VIC 3094 -_m'._-m- Amount $1540.00
Sale Amount: $1540.00
Freight: 0.00
Total Amount: $1540.00
Paid Today: $0.00 Balance Due: $1540.00 GRAND BANK - Receipt 21 January 2018 5.34 pm Receipt number
4564 Amount
$3960.00 From MBB Catering Supplies
07 4567 3482 9856 To
AAMI Biller 2989
Code:
Ref: 00579246 Annual insurance 10

0011.jpg

GRAND BANK - Receipt Receipt number
4565 Amount
$3 96000 From
MBB Catering Supplies
07 4567 3482 9856 To
Hi -Road Real Estate Biller 2989 Code:
Ref: 089539 Rental payment 21 January 2018 5.45 pm GRAND BANK - Receipt Receipt number
4566 Amount
$2371.20 From
MBB Catering Supplies
07 4567 3482 9856 To OZ Shelving Systems
454-789 Westpac Limited
0036897 #3 6897 5/10 25 January 2018 8.32 am 11

0012.jpg

OFFICE MEMORANDUM To: Accountant Date: 31/01/18 SUBJECT: End of month adjustments: considered are: that occurred in the storeroom
2. Wages owing to part-time assistant $600 Signed: Michael Brown Please attend to relevant adjustments to determine the profit or loss made in the first month of
trading. Some adjustments relate to the invoices received but other adjustments that need to be 1. One of the ice cream machines cannot be sold unless we price it at $850 due to some damage 3. Estimated Depreciation of shelving $100. Vehicle was depreciated using straight-line method.
4. The Tiki Room settled their account in full on the 28th January. Grand Bank ABN 47 598 943 243 MBB Catering Supplies BSB No: 512-170
351 Boutique Blvd Account No: 11595
Templestowe, VIC 3107 Page: 1 of 1
Date: 31 January
2018
Debit Credit Balance
$ $ $
01/01/18 O-_enin Balance 0
01/01/18 Deposit $12,000.00 $12,000.00
01/01/18 Bank deposit $8,000.00 $20,000.00
02/01/18 Bank Fees - month $15.00 $19,985.00
14/01/18 EFTPOS Daily Reconciliation $2,520.00 $22,505.00
14/01/18 EFT #4561 $680.00 $21,825.00
14/01/18 EFT #4562 $4,250.00 $17,575.00
18/01/18 EFT #4563 $2,250.00 $15,325.00
21/01/18 EFT #4564 $3,960.00 $1,1365.00
21/01/18 EFT #4565 $3,960.00 $7,405.00
25/01/18 EFT #4566 $2,371.20 $5,033.80
28/01/18 EFTPOS Daily Reconciliation $1,463.00 $6,496.80 12

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ACCT10002: Semester 2, 2018 PRACTICE SET — PART 1 Michael Brown decided to leave his employment and start his own business in providing
catering supplies to food outlets. He had worked in the industry for a number of years and had
established a wide range of contacts both as suppliers of catering needs and customers who
required catering supplies. He plans to start small and only trade in a few products at first. THE
BUSINESS IS NOT REGISTERED FOR GST, accordingly, there is no requirement to account
for or include GST in any transaction. The following pages contain the source documents for Michael’s first month of business. Your
task is to prepare: 1. General journal entries for the relevant transactions (N arrations are n_ot required)
2. Ledger entries for the transactions (Record inventory items in separate accounts)
3. Prepare a Trial Balance 4. A Statement of Financial Performance for the month of January 5. A Statement of Financial Position as at 31 January 2018 You have access to blank pages for the general journal and ledger accounts. You are to prepare
the above five parts to this assignment and submit items 4 and 5 as ONE DOCUMENT, with
all other workings (items 1, 2 and 3) in ANOTHER DOCUMENT. Make sure you have your
name and student number written on ALL page(s) of your workings and you will submit both
documents via the LMS. You will receive a mark out of § for Part 1. Ifyou have not received full marks, you should
review your work by discussing with a fellow student or by comparing your answer with the
suggested answer which will be made available on the LMS after the due date and consulting a
tutor during scheduled consultation hours. Due date for Practice Set Part 1: 9.00pm Sunday 2’“1 September

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”33 CATERING SUPPLIES P17. bu.
ACN: 790 099 #23 260
ABN: 42 099 #23 270
352 W W
Tmflulowa, 3107
SHARE CERTIFICATE This is to certify that Michael Bruce Brown is the holder of 12,000
ordinary shares in MBB Catering Supplies Pty. Ltd. on payment of $1 per share.
Amount paid: $12,000 Date: 1 January 2018 OFFICE MEMORANDUM Date: 01/01/18 To: Michael Brown SUBJECT:
1. Michael Brown donated his station wagon to the firm. Original cost: $15,000.
Current market value: $3,000 in exchange for ordinary shares @$1 per share
2. Arranged an interest only loan with Grand Bank for $8,000; interest at 5% pa; payable quarterly. Principal amount to be repaid 31 December 2021. Loan
amount deposited in account today. 3. Keep freight paid to trade creditors in a separate freight account as I will make
allowance for it in the price I charge customers. 4. Depreciate the vehicle over 5 years with no value at the end. Signed: Michael Brown

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Tax Invoice LUCKY YOU’RE WITH AAMI‘ AAMI Business Insurance Invoice No.: 00579246
GPO BOX 2470 Date: 01/01/2018
Adelaide, South Australia 5001 Due Date: 31/01/2018
ABN: 48 005 297 807
Biller Code: 3579
To: . .
MBB Caterlng Supplles PAID
351 Boutique Blvd 21/01/18
Templestowe, VIC 3107 EFT 4564
Description Amgunt
Insurance for Business Operations - premium for 01/01/2018 to 3960.00 31/12/2018 Subtotal 3960.00 Total 3960.00 Tax Invoice IIi-Illlall Real Estate
799 High Street
KEW 3101 Invoice No: 089539
Date: 01/01/2018
Due Date: 31/01/2018
ABN: 38 007 498 432
Biller Code: 4382
To: _ _
MBB Caterlng Supplles PAID
351 Boutique Blvd 21/01/18
Templestowe, VIC 3107 EFT 4565
Description Amgunt
Rent due for hirin of remises from 01/01/2018 to 30/06/2018 3,960.00 Total 3,960.00

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Tax Invoice KitchenAid
ABN 95 000 029 729 Invoice No.1 3403
6-8 Billbrooke Close Date: 03/01/2018
Cameron Park, NSW 2286 Terms: N30
Phone: (02) 4902 6500 PO #: 1008
Sold To: , . MBB Catering Supplles 351 Boutique Blvd
Templestowe, VIC 3107 $ $ 6 HD Mixer 450.00 2700.00
Subtotal 2700.00
Total $2700.00 Tax Invoice ABN 35 945 022 518 Invoice No.: 67456
1 Inman Rd Date: 06/01/2018
Cromer, NSW 2099 Terms: N30 Phone: +61 2 9971 1788
Fax: +61 2 9971 1336 Sold To: , .
MBB Catering Supplles
351 Boutique Blvd
Templestowe, VIC 3107
QTY Description Unit Price Amount
$ $
5 Ice cream machine 820.00 4100.00
Freight 150.00 Subtotal 4250.00
Total 4250.00

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OFFICE MEMORANDUM Date: 06/01/18 To: Michael Brown SUBJECT: 1. Found a faulty HD mixer. Phoned KitchenAid about the problem, and both sides
agreed on us returning the goods and KitchenAid issuing a credit note. Signed: Michael Brown Credit Note
0 o
KitchenAid
ABN 95 000 029 729 Credit Note No.: 1222
6-8 Billbrooke Close Date: 06/01/2018 Cameron Park, NSW 2286
Phone: 02 4902 6500 Sold To: MBB Catering Supplies
351 Boutique Blvd
Templestowe, VIC 3107 $ $ Subtotal 450.00
Total 450.00 . Tax Invoice
DOW Awfu- Remy
1001 Doncaster Road Invoice No.: 3403
Doncaster, VIC 3108 Date: 12/01/2018 Phone: (03) 9848 2222 ABN 84 002 168 032 Biller Code: 5167
To: . .
MBB Catering Supplies Descri ntion Amount Service delivery vehicle repairs
Parts $400.00
Labour $280.00 -——

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MBB CATERING SUPPLIES TaX Invoice ABN 42 088 423 290 Invoice No.1 0001
351 Boutique Blvd Date: 14/01/2018
Templestowe, VIC 3107 Terms: COD
Phone: (03) 9850 0351 PO #: EFT
Sold To:
Cash Sales
QTY Descri 1 tion Price Amount _—
_— Sale Amount: $2520.00 Freight: $0.00
Total Amount: $2520.00
Paid Today: $2520.00 Balance Due: $0.00 GRAND BANK - Receipt 14 January 2018 4.22.pm Receipt number
4561 Amount
$680.00 From
MBB Catering Supplies
07 4567 3482 9856 To Doncaster Auto Repairs
313-140 Mecu Limited
54231789 #3403

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