Coles Company Potential issues with implementation and integration into MAS for Customer Relationship Management System URCES End of Chapter Problem 5.13 The post-closing trial balance at 30 June 2017 of Payneham Professional Services is shown below. Transactions completed during the year ended 30 June 2018 are summarised Collections on accounts receivable totalled $70,570. Consulting fees of $75,810 plus GST of 10% were receivable during the year. Clients are involved after services are provided and are given 30 days in which to pay. Rent paid in advance was $12,540, plus GST. Omice supplies were purchased during the year for $330 plus GST in cash and $360 plus GST on credit Tat withdrew $21,500 for private use. Salary payments amounted to $27,470, of which $360 was for salaries accrued in the year ended 30 June 2016 Advertising totalling $2,890 plus GST was purchased on credit. 8. Electricity expense of $3,100 plus GST was paid. 9. Accounts payable of $2,480 were paid. 10. GST payable of $7,840 less GST receivable of $2,060 were forwarded in cash during the year to the Australian Taxation Office The following additional information should be considered for adjusting entries 11. Unused office supplies on hand at the end of the year totalled $650. 12. Depreciation on the furniture and equipment is $3,960. 13. Salaries earned but not paid amount to $1,010.. 14. Rent paid in advance in transaction 3. Rent for 6 months of $6,270 plus GST was paid in advance on 1 August and 1 February. Payneham Professional Services Post-closing trial balance as at 30 June 2017 CES pwwwww 12. Depreciation on the furniture and equipment is $3,960. 13. Salaries earned but not paid amount to $1,010. 14. Rent paid in advance in transaction 3. Rent for 6 months of $6,270 plus GST was paid in advance on 1 August Payneham Professional Services Post-closing trial balance as at 30 June 2017 Account Account no. Debit Credit Cash at bank 1100 $12,730 Accounts receivable 1101 8,120 Prepaid rent 1102 1,045 GST receivable 1105 1,930 Office supplies 1106 1,140 Furniture and equipment 1110 24,700 Accumulated depreciation -- furniture and equipment 1111 $8,360 Accounts payable 2200 4,680 Salaries payable 2201 360 GST payable 2203 4,400 Tat Chiang, capital 3000 31,865 $49,665 $49,665 (a) asignment NEXT (a) Prepare the ledger of Payneham Professional Services by opening T accounts for the accounts listed in the post-closing trial balance and for the accounts listed below. Post the 30 June 2017 balances Leave blank any answer Helds that do not require an answer.) 1100 Cash at bank 1101 Accounts receivable 1102 Prepaid rent GST receivable 1106 Office supplies 1119 Assignment ES Furniture and equipment 1110 Accumulated depreciation - furniture and equipment 1111 Accounts payable 2200 Salaries payable 2201 GST payable 2203 Tat Chiang, capital 3000 00 Coles Company Potential issues with implementation and integration into MAS for Customer Relationship Management System URCES End of Chapter Problem 5.13 The post-closing trial balance at 30 June 2017 of Payneham Professional Services is shown below. Transactions completed during the year ended 30 June 2018 are summarised Collections on accounts receivable totalled $70,570. Consulting fees of $75,810 plus GST of 10% were receivable during the year. Clients are involved after services are provided and are given 30 days in which to pay. Rent paid in advance was $12,540, plus GST. Omice supplies were purchased during the year for $330 plus GST in cash and $360 plus GST on credit Tat withdrew $21,500 for private use. Salary payments amounted to $27,470, of which $360 was for salaries accrued in the year ended 30 June 2016 Advertising totalling $2,890 plus GST was purchased on credit. 8. Electricity expense of $3,100 plus GST was paid. 9. Accounts payable of $2,480 were paid. 10. GST payable of $7,840 less GST receivable of $2,060 were forwarded in cash during the year to the Australian Taxation Office The following additional information should be considered for adjusting entries 11. Unused office supplies on hand at the end of the year totalled $650. 12. Depreciation on the furniture and equipment is $3,960. 13. Salaries earned but not paid amount to $1,010.. 14. Rent paid in advance in transaction 3. Rent for 6 months of $6,270 plus GST was paid in advance on 1 August and 1 February. Payneham Professional Services Post-closing trial balance as at 30 June 2017 CES pwwwww 12. Depreciation on the furniture and equipment is $3,960. 13. Salaries earned but not paid amount to $1,010. 14. Rent paid in advance in transaction 3. Rent for 6 months of $6,270 plus GST was paid in advance on 1 August Payneham Professional Services Post-closing trial balance as at 30 June 2017 Account Account no. Debit Credit Cash at bank 1100 $12,730 Accounts receivable 1101 8,120 Prepaid rent 1102 1,045 GST receivable 1105 1,930 Office supplies 1106 1,140 Furniture and equipment 1110 24,700 Accumulated depreciation -- furniture and equipment 1111 $8,360 Accounts payable 2200 4,680 Salaries payable 2201 360 GST payable 2203 4,400 Tat Chiang, capital 3000 31,865 $49,665 $49,665 (a) asignment NEXT (a) Prepare the ledger of Payneham Professional Services by opening T accounts for the accounts listed in the post-closing trial balance and for the accounts listed below. Post the 30 June 2017 balances Leave blank any answer Helds that do not require an answer.) 1100 Cash at bank 1101 Accounts receivable 1102 Prepaid rent GST receivable 1106 Office supplies 1119 Assignment ES Furniture and equipment 1110 Accumulated depreciation - furniture and equipment 1111 Accounts payable 2200 Salaries payable 2201 GST payable 2203 Tat Chiang, capital 3000 00