Accounting Information Systems

This question is to test your knowledge of Business Information Systems and using the correct special journal for each of the following transactions.

There is no GST involved in this exercise.

Brunswick Consulting, a professional advisory business and a sole trader, completed the following transactions in June 2019.

As a reminder, the diagram below identifies the special journals used in accounting systems.

You are required as the accountant:

• To record the following transactions in special journals.
• Balance the special journals and post to T-Accounts
• Complete a trial balance as at 30 June 2019

Date	Transaction
2/6/19	Received $200,000 cash investment from the owner, Harjit Singh Khalsa
2/6/19	Paid monthly office rent of $5,000
3/6/19	Paid cash for a new HP Desktop computer with touch screen and 32gb Ram, and a business life of 5 years.
4/6/19	Purchased on credit a new office desk for $2,000. The desk is expected to be in use for 10 years.
5/6/19	Bought office supplies on credit for $3,000.
9/6/19	Completed a consulting engagement for a new client called Carlton Football Club for $30,000 and allowed 30-day payment terms.
12/6/19	Paid electricity costs of $1,800
18/6/19	Completed a consulting engagement for the Cricket Australia for $50,000 and received cash in full.

Accounting Information Systems

This question is to test your knowledge of Business Information Systems and using the correct special journal for each of the following transactions.

There is no GST involved in this exercise.

Brunswick Consulting, a professional advisory business and a sole trader, completed the following transactions in June 2019.

As a reminder, the diagram below identifies the special journals used in accounting systems.

You are required as the accountant:

• To record the following transactions in special journals.
• Balance the special journals and post to T-Accounts
• Complete a trial balance as at 30 June 2019

Date	Transaction
2/6/19	Received $200,000 cash investment from the owner, Harjit Singh Khalsa
2/6/19	Paid monthly office rent of $5,000
3/6/19	Paid cash for a new HP Desktop computer with touch screen and 32gb Ram, and a business life of 5 years.
4/6/19	Purchased on credit a new office desk for $2,000. The desk is expected to be in use for 10 years.
5/6/19	Bought office supplies on credit for $3,000.
9/6/19	Completed a consulting engagement for a new client called Carlton Football Club for $30,000 and allowed 30-day payment terms.
12/6/19	Paid electricity costs of $1,800
18/6/19	Completed a consulting engagement for the Cricket Australia for $50,000 and received cash in full.

Accounting Information Systems

This question is to test your knowledge of Business Information Systems and using the correct special journal for each of the following transactions.

There is no GST involved in this exercise.

Brunswick Consulting, a professional advisory business and a sole trader, completed the following transactions in June 2019.

As a reminder, the diagram below identifies the special journals used in accounting systems.

You are required as the accountant:

• To record the following transactions in special journals.
• Balance the special journals and post to T-Accounts
• Complete a trial balance as at 30 June 2019

Date	Transaction
2/6/19	Received $200,000 cash investment from the owner, Harjit Singh Khalsa
2/6/19	Paid monthly office rent of $5,000
3/6/19	Paid cash for a new HP Desktop computer with touch screen and 32gb Ram, and a business life of 5 years.
4/6/19	Purchased on credit a new office desk for $2,000. The desk is expected to be in use for 10 years.
5/6/19	Bought office supplies on credit for $3,000.
9/6/19	Completed a consulting engagement for a new client called Carlton Football Club for $30,000 and allowed 30-day payment terms.
12/6/19	Paid electricity costs of $1,800
18/6/19	Completed a consulting engagement for the Cricket Australia for $50,000 and received cash in full.