1 SydGee transferred $260,000 from his early retirement savings to his business bank account. On 1 June 2023, SydGee began trading as a landscape retail material supplier. The transactions for the month of June 2023 were as follows (ignore GST): TRANSACTIONS FOR THE PERIOD MONTH DATE PARTICULARS June AMOUNT ($) 260,000 $160000 1 Purchased shop fittings for cash: paid cheque no. 431, $160,000. Paid June rent by cheque no. 432, $7,000 2 Purchased goods for resale on credit from A ltd, $30,000 $7,000 S 30,000 3 Cash sales of Ladscape materials for $6880 (all cash are banked). 4 Sold goods on credit to H Ltd: invoice no 653, $3040. 5 Purchased good for resale from G Ltd: paid by EFT, $6,800 6 Cash sales totalling $3,280 7 Purchase office supplies for cash 8 Purchased goods for resale on credit from B Ltd, $9,600 9 Sold goods on credit to Mok: Invoice no. 544, $3,920 10 Purchased office stationery from Bo Ltd: paid by EFT, $960 11 Banked cheque for return of defective goods that had been purchased for cash, $760 12 Cash sale totalling $7,200 14 Issued Cheque number 433 for Micellaneous expenses, $1,440 16 Refunded a customer for a cash sale returned: paid refund by cheque no 434 for $1,360 17 Purchased goods for resale on credit from C Ltd, $24,000 18 Paid frieght on goods purchased to T Ltd: paid by EFT, $520 19 Sold goods on credit to Charles: invoice no 545; $4,240 21 Cash sales $6,360 22 Internet bank transfer to A ltd in full setlement of 2nd June transaction, less a cash discount of 3%. Banked checque received from H Ltd (4th june transaction) in full settlement of its account, less a 2% 23 discount. esesesesesesesesesSSSSSSSS 6,880 3,040 $ 6,800 3,280 5,000 $ 9,600 $ 3,920 $ 960 760 7,200 1,440 1,360 24,000 $ 520 4,240 6,360 ? 24 Internet transfer to Sydgee owner's personal account for drawings, $8,800 26 Paid June salaries by interbank transfers totalling $9,680 30 Paid June electricity bill: Cheque number 435, $600 ISSS ? 8,800 9,680 600 448 21,20 30 Paid June telephone by EFT, $448 30 Cash sales totalling $21,200 The following additional information is available: 1 A physical inventory count held at the close of business on 30 June 2023 revealed that the cost price of inventory on hand amounted to $24,000 2 The June salry of a part time sales representative ammounting to $1,600 was not paid until 2 July 2023. 3 Depreciation on shop fittings for the month of june to be recognised amounted to $1,333 4 Supplies on hand at the end of 30 June 2023 was $4,000. Required: (using Excel program) Record the above transactions during the month of June 2023 in the appropriate journals for the business a. b. |Record adjustment entries in approriate journals. C. Post all journal entries to the General Ledger d. Prepare worksheet at 30 June 2023 e. |Prepare unadjusted, adjusted and post-closing Trial Balances f. Prepare income statement for SydGee for the month of 30 June 2023. 9 Record closing entries at the end of 30 June June 2023. h. Prepare the statement of financial position (Balance Sheet) as at 30 June 2023.