Choose two reports and analyse how different users can make use of the information derived from these reports. Clearly give examples of the decisions made using such information

Reports attached:

Journal Report Demo Company (NZ) From 15 May 2017 to 15 May 2017 ID 409 Net Connect (Posted on 28 May 2017) 15 May 2017 Account Debit Credit Accounts Payable (800) $1,265.00 Telephone & Internet (489) $1,100.00 GST (820) $165.00 $1,265.00 $1,265.00 ID 408 Wilson Periodicals (Posted on 28 May 201 15 May 2017 Account Debit Credit Accounts Receivable (610) $2,300.00 Sales (200) $2,000.00 GST (820) $300.00 $2,300.00 $2,300.00 ID 407 Bank Transfer from Business Bank Accoun15 May 2017 Account Debit Credit Business Bank Account (090) $2,500.00 Business Savings Account (091) $2,500.00 $2,500.00 $2,500.00 ID 406 Capital Cab Co (Posted on 28 May 2017) 15 May 2017 Account Debit Credit Accounts Payable (800) $207.00 Travel - National (493) $180.00 GST (820) $27.00 $207.00 $207.00 ID 405 Office Supplies Company (Posted on 28 M15 May 2017 Account Debit Credit Accounts Payable (800) $310.50 Purchases (300) $180.00 Purchases (300) $90.00 GST (820) $40.50 $310.50 $310.50 ID 404 Payment: Central Copiers (Posted on 28 M 15 May 2017 Account Debit Credit Accounts Payable (800) $163.56 Business Bank Account (090) $163.56 $163.56 $163.56 ID 403 Rex Media Group (Posted on 28 May 2017)15 May 2017 Account Debit Credit Accounts Receivable (610) $1,725.00 Sales (200) $1,500.00 GST (820) $225.00 $1,725.00 $1,725.00 Inventory Item Summary Demo Company (NZ) For the period 1 May 2017 to 31 May 2017 ITEM CODE Tracked TSL - Black TSS - Black TSM - Black ITEM NAME OPENING BALANCE PURCHASES COGS ADJUSTMENTS CLOSING BALANCE SALES 100.00 - - - 100.00 - 140.00 - - - 140.00 - 80.00 - - - 80.00 - 320.00 - - - 320.00 - - - - - - (17.35) - - - - - 2,000.00 - - - - - - - - - - - - - - - - - - - 180.00 - - - - - - - - - - - 730.43 - - - 194.78 T-Shirt Large Black T-Shirt Small Black T-Shirt Medium Black Total Tracked Untracked BOOK PR-BR Support-M GB9-White GB3-White PN-Blue GB6-White GB1-White Fish out of Water: Finding Your Brand Project management & implementation - branding Desktopetwor k support via email & phone Golf balls - white 9 pack Golf balls - white 3-pack Blue Office Pen Golf balls - white 6-pack Golf balls - white single PN-Red Red Office Pen - 90.00 - - - - Train-MS Half day training - Microsoft Office - - - - - 1,500.00 - 1,000.43 - - - 3,677.43 320.00 1,000.43 - - 320.00 3,677.43 Total Untracked Total Inventory Item Summary Demo Company (NZ) Profit and Loss Demo Company (NZ) For the period 15 May 2017 to 15 May 2017 15 MAY-15 MAY 2017 Trading Income Sales 3,500.00 Total Trading Income 3,500.00 Cost of Sales Purchases 270.00 Total Cost of Sales 270.00 Gross Profit 3,230.00 Operating Expenses Telephone & Internet Travel - National Total Operating Expenses Net Profit Profit and Loss 1,100.00 180.00 1,280.00 1,950.00 Demo Company (NZ) Aged Payables Demo Company (NZ) April 2017 Payables Carlton Functions Central Copiers Current March February January Older Total 1,500 - - - - 1,500 - 164 - - - 164 Hoyt Productions 5,954 - - - - 5,954 SMART Agency 2,000 - - - - 2,000 56 - - - - 56 9,510 164 - - - 9,674 Current - March - February - January - Older - Total - 9,510 164 - - - 9,674 98.3% 1.7% 0.0% 0.0% 0.0% Xero Total Payables Total Expense Claims Total Aged Payables | Demo Company (NZ) | 28 May 2017 Page 1 of 1 Aged Receivables Demo Company (NZ) April 2017 Current March February January Older Total 270 250 - - - 520 DIISR - Small Business Services 541 - - - - 541 Hamilton Smith Ltd 541 - - - - 541 Port & Philip Freight 541 - - - - 541 Rex Media Group 541 - - - - 541 Young Bros Transport 541 - - - - 541 2,976 92.2% 250 7.8% 0.0% 0.0% 0.0% 3,226 Receivables City Limousines Total Receivables Aged Receivables | Demo Company (NZ) | 28 May 2017 Page 1 of 1 Balance Sheet Demo Company (NZ) As at 31 May 2017 31 May 2017 31 May 2016 8,996 4,541 Assets Bank Business Bank Account Business Savings Account Total Bank 2,500 - 11,496 4,541 Current Assets Accounts Receivable 13,198 - Total Current Assets 13,198 - Fixed Assets Computer Equipment (917) - Less Accumulated Depreciation on Computer Equipment (217) - Office Equipment 3,670 - Less Accumulated Depreciation on Office Equipment (505) - 2,031 - 26,725 4,541 9,460 - Total Fixed Assets Total Assets Liabilities Current Liabilities Accounts Payable GST 1,359 53 Historical Adjustment 4,131 4,131 - - Rounding Unpaid Expense Claims 116 - 15,065 4,184 Total Liabilities 15,065 4,184 Net Assets 11,660 357 Current Year Earnings 4,212 357 Retained Earnings 7,448 - 11,660 357 Total Current Liabilities Equity Total Equity Balance Sheet | Demo Company (NZ) | 28 May 2017 Page 1 of 1