1 SydGee transferred $260,000 from his early retirement savings to his business bank account. On 1...
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1 SydGee transferred $260,000 from his early retirement savings to his business bank account. On 1 June 2023, Syd Gee began trading as a landscape retall material supplier. The transactions for the month of June 2023 were as follows (Ignore GST): TRANSACTIONS FOR THE PERIOD MONTH DATE PARTICULARS June AMOUNT (S) $ 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 $ 30,000 3 Cash sales of Ladscape materials for $6880 (all cash are banked). $ 6,880 4 Sold goods on credit to H Ltd: invoice no 653, $3040. 3,040 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 $ 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 22 Internet bank transfer to A ltd in full setlement of 2nd June transaction, less a cash discount of 3%. ? 23 Banked checque received from H Ltd (4th june transaction) in full settlement of its account, less a 2% discount. 24 Internet transfer to Sydgee owner's personal account for drawings, $8,800 ? $ 8,800 26 Paid June salaries by interbank transfers totalling $9,680 $ 9,680 30 Paid June electricity bill: Cheque number 435, $600 $ 600 S 448 S 21.00 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) a. b. C. d. Record the above transactions during the month of June 2023 in the appropriate journals for the business of SydGee using the provided Excel spreadsheet (extract). If additional spreadsheet or extention is required you are supposed to incorporate as required. Record adjustment entries in approriate journals. Post all journal entries to the General Ledger Prepare worksheet at 30 June 2023 1 SydGee transferred $260,000 from his early retirement savings to his business bank account. On 1 June 2023, Syd Gee began trading as a landscape retall material supplier. The transactions for the month of June 2023 were as follows (Ignore GST): TRANSACTIONS FOR THE PERIOD MONTH DATE PARTICULARS June AMOUNT (S) $ 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 $ 30,000 3 Cash sales of Ladscape materials for $6880 (all cash are banked). $ 6,880 4 Sold goods on credit to H Ltd: invoice no 653, $3040. 3,040 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 $ 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 22 Internet bank transfer to A ltd in full setlement of 2nd June transaction, less a cash discount of 3%. ? 23 Banked checque received from H Ltd (4th june transaction) in full settlement of its account, less a 2% discount. 24 Internet transfer to Sydgee owner's personal account for drawings, $8,800 ? $ 8,800 26 Paid June salaries by interbank transfers totalling $9,680 $ 9,680 30 Paid June electricity bill: Cheque number 435, $600 $ 600 S 448 S 21.00 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) a. b. C. d. Record the above transactions during the month of June 2023 in the appropriate journals for the business of SydGee using the provided Excel spreadsheet (extract). If additional spreadsheet or extention is required you are supposed to incorporate as required. Record adjustment entries in approriate journals. Post all journal entries to the General Ledger Prepare worksheet at 30 June 2023
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