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Can you make this balance sheet? Jason and James started JJ Asian Cuisine on 01 st July, the following transactions occurred in July: Date Transactions

Can you make this balance sheet?

Jason and James started JJ Asian Cuisine on 01st July, the following transactions occurred in July:

Date

Transactions

Amounts

1-Jul

J & J borrowed from parents and contributed cash into the business.

20,000

1-Jul

Paid for business registration1

90

2-Jul

Paid for vacuum sealer machine 2

800

2-Jul

Arranged credit card facility with the bank to a limit of;

2,000

2-Jul

Paid for bowl sealing machine and shipping fee 3

3,000

2-Jul

Cash purchase of foam bowls 4

132

Units

Price p.u

1,100

$ 0.12

2-Jul

Cash purchase of vacuum seal bags

128

Units

Price p.u

1,600

$ 0.08

3-Jul

Credit card purchase of tiny containers (Small plastic for chillies oil)

380

Units

Price p.u

3,800

$ 0.10

3-Jul

Received an invoice for website set up cost 5

1,200

3-Jul

Paid rent as required by rental agreement. 6

3,960

No of months

3

per month

$ 1,320.00

4-Jul

First delivery of product to customers; received cash.

2,160

Units

Price p.u

300

$ 7.20

4-Jul

Agreed with an IGA Supermarket to provide a sample batch of product.

2,880

Units

Price p.u

400

$ 7.20

5-Jul

Received grocery bill (meat and other ingredients; supplies) 7

1,537

6-Jul

Sent invoices to friends who are yet to make payments

576

7-Jul

Paid for petrol, (using James Honda Jazz to pick up purchases and make deliveries

113

9-Jul

Delivered on 4th of July order above, to IGA Supermarket. (paid in full via credit card)

2,880

10-Jul

James placed an order for more grocery supplies

380

11-Jul

Pick up and paid for the grocery supplies ordered

315

23-Jul

Drawings to Jason and James

600

27-Jul

Sold product at a local community street festival event along Clayton Road.

1,152

Serves sold

160

Price per serve

$ 7.20

30-Jul

Recorded depreciation for the month 7

?

image text in transcribed
image text in transcribed
OWNER EQUITY P/L containe Capital Revenue Expense 20,000 90 ASSETS = LIABILITIES + Date Bowl Vacuum Registrat Cash Containe Website sealing Vacuum Prepaid Accounts Accounts Bowls Loan sealer machine ion Fee rs seal bags Rent Rec Payable 1-Jul 20,000 1-Jul- 90 2 Jul 800 800 2-Jul No transaction 2-Jul 3,000 3,000 2-Jul- 132 132 2-Jul- 128 128 3-Jul 380 380 3-Jul 1.200 1,200 3-Jul 3,960 3,960 4-Jul 2,160 4-Jul No transaction 5-Jul 1,537 6-Jul 576 7-Jull 113 9-Jul 2,880 10-Jul No transaction 11-Jul- 315 23-Jull 600 27-Jul 1,152 30-Jul 2,160 1,537 576 113 2,880 315 600 1.152 . Total 17,054 3,000 800 1,200 380 132 128 3,960 576 3,117 19,400 6,768 3,117 2,055 24,113 27,230 27,230 Units Jason and James started JJ Asian Cuisine on 01st July, the following transactions occurred in July: Date Transactions Amounts 1-Jul J & J borrowed from parents and contributed cash into the business. 20,000 1.Jul Paid for business registration 90 2-Jul Paid for vacuum sealer machine 2 800 2-Jul Arranged credit card facility with the bank to a limit of; 2,000 2-Jul Paid for bowl sealing machine and shipping fee : 3,000 2-Jul Cash purchase of foam bowls 4 Price pu 132 1,100 $ 0.12 2-Jul Cash purchase of vacuum seal bags Units Price pu 128 1,600 $ 0.08 3-Jul Credit card purchase of tiny containers (Small plastic for chillies oil) Units Price p.u 380 3,800 $ 0.10 3-Jul Received an invoice for website set up costs 1,200 3-Jul Paid rent as required by rental agreement. 6 3,960 No of months 3 per month $ 1,320.00 4-Jul First delivery of product to customers; received cash. Units Price p.u 2,160 300 $ 7.20 4-Jul Agreed with an IGA Supermarket to provide a sample batch of product. Units Price p.u 2,880 400 $ 7.20 5-Jul Received grocery bill (meat and other ingredients; supplies) 7 1,537 6-Jul Sent invoices to friends who are yet to make payments 576 7-Jul Paid for petrol, (using James Honda Jazz to pick up purchases and make deliveries 113 9-Jul Delivered on 4th of July order above, to IGA Supermarket. (paid in full via credit card) 2,880 380 10-Jul James placed an order for more grocery supplies 11-Jul Pick up and paid for the grocery supplies ordered 315 23-Jul Drawings to Jason and James 27-Jul Sold product at a local community street festival event along Clayton Road. 600 1,152 Serves sold 160 Price per serve $ 7.20 30-Jul Recorded depreciation for the month 7

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