Can anyone provide me with the whitney's wine warehouse manual accounting practice solution???

INTRODUCTION his practice aet is intended for students seudying introductory accounting and ny textbook. An advantage of this practice set over others is that revenue and expense accounts have nol been closed at the end of the pre be used with a vious tmonth This provides students with a more realistic situation going into the last month of the financial year. This practice set provides students with the usnadjusted trial balance at the end of May and requires them to record typical transactions for a retail business for the last month of the financial year Once these transactions have been recorded and posted, students are required to complete the accounting cycle by journalising and posting adjusting and closing financial statements Students who complete this practice set will develop the skills necessary to keep a set of manual accounting records and inderstand the steps needed to complete the accounting cycle Company background: Whitney's Wine Warehouse Whitney's Wine Warehouse Pty Lid has been in business in Sydney's southern suburhs since July 200L. The company operates one retail store, which is housed in a large warchouse. Whitney's Wine Warehouse sells a wide variety of wines produced all over the world. The company was started by Whitney Lyons, who was frustrated by the restricted variety of wines available at her local bottle shop. The company's share capital consists of 90000 ordinary shares that are owned by various members of the Lyons family The store is open seven days a week from 11 am to 11 pm and is taffed by two sales employees. The company sells wine directly to the public for cash. In addition, various organisations purchase wine from the company on credit The company also employs two office stall One stall member is responsible for overseeing the daily running of the business, including inventory ordering. The other staff member maintains the company's accounting reo Accounting system The company has a 30 june financial yareind and proparch adjusting entries only at the end of the year. Whitney Winn Werlause s the following journals to maintain its accounting reord e sales journal to record all crediz solee of iventor purchases journal- to record all credit prhucer ot is cashi receipts journal - to record all cush reccipis e cash payment journal to record all cash pryments e general journal- to record all transactions other than the above The company maintains a general ledger to record the increases and decreases in each asset, liability, owner's equity, revenue and expense account Subsidiary ledgers are used to record the separate details of accounts receivable and accounts payable. The company uses a periodic inventory recording system. INTRODUCTION his practice aet is intended for students seudying introductory accounting and ny textbook. An advantage of this practice set over others is that revenue and expense accounts have nol been closed at the end of the pre be used with a vious tmonth This provides students with a more realistic situation going into the last month of the financial year. This practice set provides students with the usnadjusted trial balance at the end of May and requires them to record typical transactions for a retail business for the last month of the financial year Once these transactions have been recorded and posted, students are required to complete the accounting cycle by journalising and posting adjusting and closing financial statements Students who complete this practice set will develop the skills necessary to keep a set of manual accounting records and inderstand the steps needed to complete the accounting cycle Company background: Whitney's Wine Warehouse Whitney's Wine Warehouse Pty Lid has been in business in Sydney's southern suburhs since July 200L. The company operates one retail store, which is housed in a large warchouse. Whitney's Wine Warehouse sells a wide variety of wines produced all over the world. The company was started by Whitney Lyons, who was frustrated by the restricted variety of wines available at her local bottle shop. The company's share capital consists of 90000 ordinary shares that are owned by various members of the Lyons family The store is open seven days a week from 11 am to 11 pm and is taffed by two sales employees. The company sells wine directly to the public for cash. In addition, various organisations purchase wine from the company on credit The company also employs two office stall One stall member is responsible for overseeing the daily running of the business, including inventory ordering. The other staff member maintains the company's accounting reo Accounting system The company has a 30 june financial yareind and proparch adjusting entries only at the end of the year. Whitney Winn Werlause s the following journals to maintain its accounting reord e sales journal to record all crediz solee of iventor purchases journal- to record all credit prhucer ot is cashi receipts journal - to record all cush reccipis e cash payment journal to record all cash pryments e general journal- to record all transactions other than the above The company maintains a general ledger to record the increases and decreases in each asset, liability, owner's equity, revenue and expense account Subsidiary ledgers are used to record the separate details of accounts receivable and accounts payable. The company uses a periodic inventory recording system