会计大作业

1. General and Special Journals

Cash Payment Journal Date 1/5 13/5 16/5 26/5 27/5 28/5 29/5 31/5 Particulars Petty cash advance Rent Insurance on purchases Wages Musica Ltd Petty Cash Reimbursement -duster -signage Wages Post Ref Chq No 50 51 52 53 54 55 56 57 58 Disc Rec Acc Pay 12,000 12,000 Purch Sund 100 1,500 100 500 15 50 500 1,000 50 5 3,820 Bank 100 1,500 100 500 12,000 65 500O/S 1,000 O/S 50 O/S 5 15,820 Drawing Mandy Meyer Insurance on vehicles Bank Service Fees

Cash Receipts Journal Date 3/5 7/5

Purchases Journal Date 9/5 Sales Journal Date 23/5 Particulars Tompo Music College Post Ref Inv No Amount $ 25,000 25,000 Particulars Lalala Ltd Post Ref Inv No 2,772 Amount $ 17,250 17,250 Particulars Sales LaSelle Music School Post Ref Rec No 3 4 Disc All Acc Rec 25,000 Sales 10,000 Sund Bank 10,000 25,000 35,000 25,000 10,000

Purchases Returns Journals Date 21 May Particular Lalala Ltd Post Ref Inv No Amount $ 1,150 1,150

General Journal Date May 1 May 31 Particulars Cash at Bank Accounts Receivable Vehicle Computer Drawings—Mandy Jones Purchases Insurance—Purchases Insurance—Vehicles Interest Vehicle Registration Rates Rent Office Supplies Motor Vehicle Expenses Wages Accounts Payable Loan from Easy Money Ltd Capital—Mandy Jones Sales (Opening Balance) Depreciation--- Vehicle Accumulated depreciation --- Vehicle (Depreciation on Vehicle) Depreciation--- Computer Accumulated depreciation --- Computer (Depreciation on Computer) Prepaid Rent Rent (Balance day adjustment) Interest Accrued Interest (Balance day adjustment) Debit$ 11,850 25,000 60,000 5,000 8,000 37,000 300 200 2,400 600 1,300 7,500 450 750 4,250 1,250 125 1,500 600 Credit$ 12,000 57,600 40,000 55,000 1,250 125 1,500 600

Closing inventories Trading (Balance day adjustment) Trading Purchases (Closing entry) Sales Purchase return and allowances Trading (Closing entry) Trading P&L Summary (Transfer of gross profit) P&L Summary Wages Vehicle registration Motor Vehicle Expenses Insurance on purchase Insurance on Vehicle Interest Rent Office supplies Rates Depreciation-Vehicle Depreciation-Computer Bank fee Duster Signage (Closing entry) P&L Summary Capital (Transfer of net profit) Capital Drawing (Closing Entry) 6,900 54,250 90,000 1,150 43,800 26,445 17,355 9,000 6,900 54,250 91,150 43,800 5,250 600 750 400 250 3,000 7,500 450 1,300 6,250 625 5 15 50 17,355 9,000

Petty Cash Book Date 1-May 5 13

Details p/c Adv duster signage Balance Bal c/d P/C Reim Vch Chq No 50 1 2 Chq No 55 Rec 100 100 100 35 65 100 Pay 15 50 65 35 100 Analysis of Payments duster 15 15 signage 50 50 2. General Ledgers and Subsidiary Ledgers

Date 1 May 31 May 31 May Date 1 May 3 May 23 May 31 May Date 1 May 9 May 31 May Date 1 May Date 1 May Cash at Bank Particulars Debit $ Balance 11850 CRJ 35000 CPJ Sales Particulars Debit $ Balance CRJ Accounts receivable Trading account 90000 Purchases Particulars Debit $ Balance 37000 Insurance on purchase 400 Account Payable 17250 Trading Vehicle Particulars Debit $ Balance 60000 Computer Particulars Debit $ Balance 5000 Credit $ 15820 Credit $ 55000 10000 25000 Credit $ 54650 Credit $ Credit $ Balance $ 11850 46850 31030 Balance $ 55000 65000 90000 NIL Balance $ 37000 37400 54650 NIL Balance $ 60000 Balance $ 5000

Date 1 May Date 1 May 1 May 31 May Date 1 May 29 May 31 May Date 1 May 13 May 27 May 31 May Date 1 May Date 1 May 28 May 31 May Date 1 May 9 May 16 May 21 May

Loan from Easy Money Particulars Debit $ Balance Rent Particulars Debit $ Balance 7500 Cash at bank 1500 Profit and loss Insurance--vehicle Particulars Debit $ Cash at bank 200 Cash at bank 50 Profit and loss Wages Particulars Debit $ Balance 4250 Cash at bank 500 Cash at bank 500 Profit and loss Petty Cash Particulars Debit $ Cash at bank 100 Drawing—Mandy Jones Particulars Debit $ Balance 8000 Cash at bank 1000 Capital Accounts Payable Control Particulars Debit $ Balance Purchase Cash at bank 12000 Purchase return 1150

Credit $ 57600 Credit $ 9000 Credit $ 250 Credit $ 5250 Credit $ Credit $ 9000 Credit $ 12000 17250 Balance $ 57600 Balance $ 7500 9000 NIL Balance $ 200 250 NIL Balance $ 4250 4750 5250 NIL Balance $ 100 Balance $ 8000 9000 NIL Balance $ 12000 29250 17250 16100

Date 1 May 7 May 23 May Date 21 May 31 May Date May 1 Date 1 May 31 May 31 May Date 1 May 31 May Date 1 May 31 May Date 1 May 31 May 31 May Date 31 May

Accounts Receivable Control Particulars Debit $ Balance 25000 Cash Sales 25000 Purchase Return Particulars Debit $ Accounts payable Trading 1150 Prepaid Expenses Particulars Debit $ Rent 1500 Interest Particulars Debit $ Balance 2400 Interest Accrued 600 Profit and loss Rates Particulars Debit $ Balance 1300 Profit and loss Office Supplies Particulars Debit $ Balance 450 Profit and loss Capital Particulars Debit $ Balance Profit & Loss Summary Drawing 9000 Accumulated Depreciation--Vehicle Particulars Debit $ Vehicle

Credit $ 25000 Credit $ 1150 Credit $ Credit $ 3000 Credit $ 1300 Credit $ 450 Credit $ 40000 17355 Credit $ 6250

Balance $ 25000 NIL 25000 Balance $ 1150 NIL Balance $ 1500 Balance $ 2400 3000 NIL Balance $ 1300 NIL Balance $ 450 NIL Balance $ 40000 57355 48355 Balance $ 6250

Date 31 May Date 31 May 31 May Date 31 May 31 May Date 1 May 1 May 31 May Date 1 May 31 May Date 31 May 31 May Date 31 May Date 1 May 31 May Accumulated Depreciation--Computer Particulars Debit $ Credit $ Computer 625 Vehicle Depreciation Particulars Debit $ Credit $ Accumulated Depreciation 6250 Profit and loss 6250 Computer Depreciation Particulars Debit $ Credit $ Accumulated Depreciation 625 Profit and loss 625 Insurance on Purchase Particulars Debit $ Credit $ Balance 300 Cash at bank 100 Profit and loss 400 Vehicle Registration Particulars Debit $ Credit $ Balance 600 Profit and loss 600 Bank Fees Particulars Debit $ Credit $ Cash at bank 5 Profit and loss 5 Interest Accrued Particulars Debit $ Credit $ Interest 600 Motor Vehicle Expenses Particulars Debit $ Credit $ Balance 750 Profit and loss 750 Accounts Receivable Subsidiary Ledger Tempo Music College Particulars Debit $ Credit $ Sales 25000 Balance $ 625 Balance $ 6250 NIL Balance $ 625 NIL Balance $ 300 400 NIL Balance $ 600 NIL Balance $ 5 NIL Balance $ 600 Balance $ 750 NIL Date 23 May Balance $ 25000

Date 1 May 7 May LaSalle Music School Particulars Debit $ Balance Cash Credit $ 25000 Balance $ 25000 NIL Date 1 May 16 May Date 9 May 21 May Account Payable Subsidiary Ledgers Musica Ltd Particulars Debit $ Credit $ Balance Cash 12000 Lalala Ltd Particulars Debit $ Credit $ Purchases 17250 Purchases return 1150

Balance $ 12000 NIL Balance $ 17250 16100 3. Bank Reconciliation Statement as at 31 May 2011

Fine Music Harps

Bank Reconciliation as at 31st May 2011 $ $ Balance as per Bank Statement 32580 Add Deposits not Credited 0 32580 Less Unpresented Cheque #56 500 #57 1000 #58 50 1550 Balance as per Cash at Bank 31030

4. Unadjusted Trial Balance, Adjusted Trial Balance, Post closing Trial

Balance

Fine Music Harps

Unadjusted Trial Balance as per 31st May, 2011

Account Petty Cash Advance Petty Cash Reimbursement Cash at Bank Accounts Receivable Vehicles Computer Accounts Payable Loan Capital Drawings –Mandy Jones Sales Revenue Purchases Purchases return Insurance on Purchases Insurance on Vehicles Vehicle Registration Rates Rent Office Supplies Interest Wages Bank fees Motor vehicle expenses

Debit$ 100 65 31030 25000 60000 5000 9000 54250 400 250 600 1300 9000 450 2400 5250 5 750 204850 Credit$ 16100 57600 40000 90000 1150 204850

Adjusted Trial Balance as per 31st May, 2011

Account Petty Cash Advance Petty Cash Reimbursement Cash at Bank Accounts Receivable Vehicles Computer Accounts Payable Loan Capital Drawings Sales Revenue Purchases Purchases return Insurance on Purchases Insurance on Vehicles Vehicle Registration Rates Rent Office Supplies Interest Wages Bank fees Accumulated Depreciation on Vehicle Prepaid expense Depreciation on vehicle Depreciation on computer Accumulated depreciation on computer Motor vehicle expenses Interest Accrued

Debit$ 100 65 31030 25000 60000 5000 9000 54250 400 250 600 1300 7500 450 3000 5250 5 1500 6250 625 750 212325 Credit$ 16100 57600 40000 90000 1150 6250 625 600 212325

Post Closing Trial Balance Account Debit $ Cash at bank 31030 Account payable Account receivable 25000 Vehicle 60000 Computer 5000 Loan Capital Accumulated Depreciation - Vehicle Accumulated Depreciation - Computer Inventory 6900 Prepaid rent 1500 Interest payable Total

129430 Credit $ 16100 57600 48355 6250 625 600 129430 5. Statement of Comprehensive Income for the 5 months ended 31st May, 2011

Fine Music Harps Statement of Comprehensive Income 31st May, 2011 $ $ Net sales 90000 Less: cost of goods Opening inventories 8900 Purchases 54250 Purchases return (1150) Net purchase 53100 Closing inventories (6900) Less: selling expenses Petty Cash Payment 65 Rent 7500 Insurance on purchases 400 Insurance on vehicle 250 Wages 5250 Interests 3000 Rates 1300 Office supplies 450 Bank fee 5 $ 90000 46600 43400

Vehicle depreciation Registration Vehicle expenses Computer expenses Net profit or loss 6250 600 750 625 26045 17355 Statement of Financial Position as at 31st May, 2011

Fine Music Harps Statement of Financial Position 31 May, 2011 $ Current assets Bank 31030 Inventories(closing) 6900 Account receivable 25000 Petty cash advance 100 Prepaid expenses 1500 Total current assets Non-current assets Vehicle 60000 Accumulated Depreciation - Vehicle (6250) computer 5000 Accumulated Depreciation - Computer (625) Total non-current assets Total assets Current liabilities Account payable 16100 Accrued expense 600 Total current liabilities Non-current Liabilities Loan 57600 Total liabilities Owner's Equity Capital 40000 Drawings (9000) Net profit or loss Total Equity

$ 64530 58125 16700 31000 17355 $ 122655 74300 48355