genrate the T account based on the general entries.
Chwank Can w ere pushpepon 700- $ performed S01 - Nicob Ding 00-Cash Be $ * Vignage 200-A Pete 140- 100 $ 114. E nde T ry one 10. Cash Alors get the Bose Son = 15. = di Ho = 3. - 2030 Other 10 - A ube 100-Cash Berk 400m 10.ca - ge - 200 nsac No: Date Transaction Description 1-Jul Paid wages for June 2016 of $2,550, the wages have been recognised as expense in June. 1-Jul Purchased confectionary for the candy bar from Lollies R Us on credit for $2,759.34 1-Jul Received deposits of $2,150 for July Gaming sessions 4-Jul Paid the montly leasing instalment for the gaming furniture of $450 5-Jul Purchased popcorn for the candy bar from Kerals & Korn on credit for $1,855.29 7-Jul Recognise wages expense of $1,100 for the week ending 7/7/16 9-Jul Received payment from SmartMedia for their corporate event (credit account) last month of $2,800 10-Jul Nicholas purchased a new laptop for the office for $2,500 cash 14-Jul Recognise wages expense of $1,100 for the week ending 14/7/16 15-Jul Paid building & contents insurance premium of $3,060 for the next 12 months 17-Jul Paid licensing agreement fee to Nintendo of $950 18-Jul Purchased office supplies of $675.25 on cash. The business has a policy of expensing office supplies when purchased 19-Jul Paid advertising contract fees of $2,400 for the next 12 months 20-Jul-Pald licensing agreement fee to Sony of $1,500 21-Jul Recognise wages expense of $1,100 for the week ending 21/7/16 23-Jul-Paid CBA loan repayment of $4,200 which includes $3,200 interest and $1,000 principal 24-Jul Paid the electricity bill for the previous 3 months of $1,650, it has been expensed when the bill was received 25-Jul Paid the monthly leasing instalment for the theatre seating & screen of $1,150 28-Jul Recognise wages expense of $1,100 for the week ending 28/7/16 31-Jul Total cinema cash sales for the month amounted to $12,147.36 31-Jul Total gaming cash sales for the month amounted to $9.458.27 31-Jul Total candy bar cash sales for the month amounted to $11,698.14 31-Jul (Paid the amount owing of Kernals & Korn's accounts payable account of $2,175.35 31-Jul (Paid the amount owing of Lollies Rus' accounts payable account of $4,350.85 31-Jul (Total cinema credit sales for the month amounted to $3,428.54 31-Jul Received invoice of $2,350 from the accountant for preparation of the 2016 financial statements & tax returns 31-Jul Nicholas redrew capital of $680 General Journal for July 2016 Jnl Ref Account & Journal Details Entries Day Date Month July Or 1 1 2,550.00 2,550.00 July 2 2,759.34 2,759.3 1 3 2,150.00 2,150.0 450.00 450.00 July I 5 1,855.29 1,8552 July 6 1,100.00 1,100. July 7 2,800.00 2,800. 10 July 240 - Wages Payable 100 - Cash at Bank payment of wagos expense of Jun 602 - Candy Bar Expense 200 - Accounts Payable purchased confectionary for the candy bar 100 - Cash at Bank 210 - Uneamed Revenue recovid deposite for the gaming seassion 250 - Utilities Payable 613 - Leasing Expense - gaming furniture paid a monthly leasing instalment 602 - Candy Bar Expense 200 - Accounts Payable purchased poopcom for the candy bar 618 - Wages Expense 200 - Accounts Payable recognise wages exponse for wook onding 07/07 110 - Accounts Receivable 410 - Sales retums & allowances recived payment for Smartmedia 301 - Nicholas Robbins, Drawings 100 - Cash at Bank Nicholas purchase a new labtop 618 - Wages Expense 200 - Accounts Payable recognise wagos exponse for week onding 14/07 140 - Prepaid Insurance 100 - Cash at Bank insurace premium for next 12 mths. 614 - Licensing Expense - Nintendo 100 - Cash at Bank fincosing aggremnet fee Nintendo 617. Stationery & Office Supplies Expense 100 - Cash at Bank office supplies 130 - Prepaid Advertising 100 - Cash at Bank prepaid advertising contact fees for next 12mths 615 - Licensing Expense - Sony 100 - Cash at Bank licensing agreement fo Sony 2,500.00 2,500 14 | July 1,100.00 1,100 151 July 10 3,080.00 3,060 17 11 950.00 950 18 July 675.25 675 19 1 July 13 2.400.00 2,400 20 July 14 1,500.00 1,500 3,000.00 950.00 950.00 12 875 25 675 25 13 2.400.00 2,400.00 1.500.00 1,500.00 15 1,100.00 1,100.00 July 16 3,200.00 1,000.00 4,200.00 1,650,00 1,650.00 1,150.00 1.150.00 July 19 100 - Cash at Bank insumace promlum for next 12 mths. 514 - Lloensing Expense - Nintendo 100 - Cash at Bank Ancesing aggromno foo Nintendo 6 17 - Stationery & Office Supplies Expense 100 - Cash at Bank office supplies 130 - Prepaid Advertising 100 - Cash at Bank I prepaid advertising contact foes for next 12mths 1615 - Licensing Expense. Sony 100-Cash at Bank Bloensing agreement fee to sony 1618 - Wages Expense 200 - Accounts Payable recognise wages expense for wook ending 21/07 220 - Interest Payable 230 - Loan Payable - principal due May 2030 100 - Cash at Bank paid CBA loan 1200 - Accounts Payable 100 - Cash at Bank pmt. Of electricity bill for the previous 2mths 612 - Leasing Expense - cinema seating/screen 100-Cash at Bank mthly. Leasing Instalment for seating & Screen 618 - Weges Expense 200 - Accounts Payable recognise wages expense for week ending 28/07 100 - Cash at Bank 400 - Sales - Cinema cash cinema revenues for the mth 100 - Cash at Bank 401 - Sales - Gaming cash gaming revenues for the mth 100 - Cash at Bank 402 - Sales - Candy Bar cash candy bar revenues for the moth 200 - Accounts Payable 100 - Cash at Bank settlement of kemals & kom's a/c 200 - Accounts Payable 100 - Cash at Bank sellement of folios RU's al 110 - Accounts Receivable 400 - Sales - Cinema credit cinema salos for the mth 600 - Accounting Fees 200 - Accounts Payable accountant's foos for preparation of statements 301 - Nicholas Robbins, Drawings 100 - Cash at Bank 1,100.00 1,100.00 12,147.36 12,147.38 9.458.27 9,458.27 22 11,698.14 11,098.14 2,175.35 2,175.35 4,350.85 4,350.85 3,428,54 3,428.54 2,350.00 2,350.00 31 July 27 680.00 680.00 PINCits Gaming der do no Opening Balances nes but C wrong whe Dr Crror 10,763.20 4,385.27 1,000.00 798.59 717,580.00 125,000.00 15,625.00 250,000.00 125,000.00 9,586.38 3,700.00 3,200.00 906,800.00 2,550.00 1,650.00 FlixCity & Gaming Post-closing Trial Balance for the month ended 30 June 2016 Account Account Names No's ASSETS 100 Cash at Bank 110 Accounts Receivable 130 Prepaid Advertising 140 Prepaid Insurance 150 Land 160 Buidling 165 Accumulated Depreciation - Building 170 Equipment - Computer/console/candy bar/projector 175 Accumulated Depreciation - Equipment LIABILITIES 200 Accounts Payable 210 Unearned revenue 220 Interest Payable 230 Loan Payable - Principal due May 2030 240 Wages Payable 250 Utilities Payable EQUITY 300 Nicholas Robbins, Capital 301 Nicholas Robbins, Drawings REVENUE 400 Sales - Cinema 401 Sales - Gaming 402 Sales - Candy Bar EXPENSES 600 Accounting Fees Advertising Expense 602 Candy Bar Expense 603 Computer Consumables Expense 604 Depreciation Expense - Building 605 Depreciation Expense - Equipment 608 Utilities Expense 610 Insurance Expense 611 Interest Expense 612 Leasing Expense - Cinema seating/screen 613 Leasing Expense - Gaming furniture 614 Licensing Expense - Nintendo 615 Licensing Expense - Sony 617 Stationery & Office Supplies Expenses 618 Wages Expense TOTALS 41,415.68 0.00 0.00 0.00 0.00 601 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,109,527.06 1,109,527.00 WIILIT Suminised the account numbers, descriptions & opening balances as at 30 June 2016. & Gamit repared in the imbers shou its Flix c he account 0 Gaming I do not rom Opening Balances our journa les betweet Dr C g when y 10,763.20 4,385.27 1,000.00 798.59 717,580.00 125, 000.00 Flix City & Gaming Post-closing Trial Balance for the month ended 30 June 2016 Account No's Account Names ASSETS 100 Cash at Bank 110 Accounts Receivable 130 Prepaid Advertising 140 Prepaid Insurance 150 Land 160 Buidling 165 Accumulated Depreciation - Building 170 Equipment - Computer/console/candy bar/projector 175 Accumulated Depreciation - Equipment LIABILITIES 200 Accounts Payable 210 Unearned revenue 220 Interest Payable 230 Loan Payable - Principal due May 2030 240 Wages Payable Utilities Payable EQUITY 300 Nicholas Robbins, Capital 15,625.00 250,000.00 125,000.00 9,586.38 3,700.00 3,200.00 906,800.00 2,550.0 1,650.0 41,415.6 nnn 3,200.00 906,800.00 2,550.00 1,650.00 41,415.68 0.00 0.00 0.00 0.00 Interest Payable Loan Payable - Principal due May 2030 240 Wages Payable 250 Utilities Payable EQUITY 300 Nicholas Robbins, Capital 301 Nicholas Robbins, Drawings REVENUE 400 Sales - Cinema 401 Sales - Gaming 402 Sales - Candy Bar EXPENSES 600 Accounting Fees 601 Advertising Expense 602 Candy Bar Expense 603 Computer Consumables Expense 604 Depreciation Expense - Building 605 Depreciation Expense - Equipment 608 Utilities Expense 610 Insurance Expense 611 Interest Expense 612 Leasing Expense - Cinema seating/screen 613 Leasing Expense - Gaming furniture 614 Licensing Expense - Nintendo 615 Licensing Expense - Sony 617 Stationery & Office Supplies Expenses 618 Wages Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Chwank Can w ere pushpepon 700- $ performed S01 - Nicob Ding 00-Cash Be $ * Vignage 200-A Pete 140- 100 $ 114. E nde T ry one 10. Cash Alors get the Bose Son = 15. = di Ho = 3. - 2030 Other 10 - A ube 100-Cash Berk 400m 10.ca - ge - 200 nsac No: Date Transaction Description 1-Jul Paid wages for June 2016 of $2,550, the wages have been recognised as expense in June. 1-Jul Purchased confectionary for the candy bar from Lollies R Us on credit for $2,759.34 1-Jul Received deposits of $2,150 for July Gaming sessions 4-Jul Paid the montly leasing instalment for the gaming furniture of $450 5-Jul Purchased popcorn for the candy bar from Kerals & Korn on credit for $1,855.29 7-Jul Recognise wages expense of $1,100 for the week ending 7/7/16 9-Jul Received payment from SmartMedia for their corporate event (credit account) last month of $2,800 10-Jul Nicholas purchased a new laptop for the office for $2,500 cash 14-Jul Recognise wages expense of $1,100 for the week ending 14/7/16 15-Jul Paid building & contents insurance premium of $3,060 for the next 12 months 17-Jul Paid licensing agreement fee to Nintendo of $950 18-Jul Purchased office supplies of $675.25 on cash. The business has a policy of expensing office supplies when purchased 19-Jul Paid advertising contract fees of $2,400 for the next 12 months 20-Jul-Pald licensing agreement fee to Sony of $1,500 21-Jul Recognise wages expense of $1,100 for the week ending 21/7/16 23-Jul-Paid CBA loan repayment of $4,200 which includes $3,200 interest and $1,000 principal 24-Jul Paid the electricity bill for the previous 3 months of $1,650, it has been expensed when the bill was received 25-Jul Paid the monthly leasing instalment for the theatre seating & screen of $1,150 28-Jul Recognise wages expense of $1,100 for the week ending 28/7/16 31-Jul Total cinema cash sales for the month amounted to $12,147.36 31-Jul Total gaming cash sales for the month amounted to $9.458.27 31-Jul Total candy bar cash sales for the month amounted to $11,698.14 31-Jul (Paid the amount owing of Kernals & Korn's accounts payable account of $2,175.35 31-Jul (Paid the amount owing of Lollies Rus' accounts payable account of $4,350.85 31-Jul (Total cinema credit sales for the month amounted to $3,428.54 31-Jul Received invoice of $2,350 from the accountant for preparation of the 2016 financial statements & tax returns 31-Jul Nicholas redrew capital of $680 General Journal for July 2016 Jnl Ref Account & Journal Details Entries Day Date Month July Or 1 1 2,550.00 2,550.00 July 2 2,759.34 2,759.3 1 3 2,150.00 2,150.0 450.00 450.00 July I 5 1,855.29 1,8552 July 6 1,100.00 1,100. July 7 2,800.00 2,800. 10 July 240 - Wages Payable 100 - Cash at Bank payment of wagos expense of Jun 602 - Candy Bar Expense 200 - Accounts Payable purchased confectionary for the candy bar 100 - Cash at Bank 210 - Uneamed Revenue recovid deposite for the gaming seassion 250 - Utilities Payable 613 - Leasing Expense - gaming furniture paid a monthly leasing instalment 602 - Candy Bar Expense 200 - Accounts Payable purchased poopcom for the candy bar 618 - Wages Expense 200 - Accounts Payable recognise wages exponse for wook onding 07/07 110 - Accounts Receivable 410 - Sales retums & allowances recived payment for Smartmedia 301 - Nicholas Robbins, Drawings 100 - Cash at Bank Nicholas purchase a new labtop 618 - Wages Expense 200 - Accounts Payable recognise wagos exponse for week onding 14/07 140 - Prepaid Insurance 100 - Cash at Bank insurace premium for next 12 mths. 614 - Licensing Expense - Nintendo 100 - Cash at Bank fincosing aggremnet fee Nintendo 617. Stationery & Office Supplies Expense 100 - Cash at Bank office supplies 130 - Prepaid Advertising 100 - Cash at Bank prepaid advertising contact fees for next 12mths 615 - Licensing Expense - Sony 100 - Cash at Bank licensing agreement fo Sony 2,500.00 2,500 14 | July 1,100.00 1,100 151 July 10 3,080.00 3,060 17 11 950.00 950 18 July 675.25 675 19 1 July 13 2.400.00 2,400 20 July 14 1,500.00 1,500 3,000.00 950.00 950.00 12 875 25 675 25 13 2.400.00 2,400.00 1.500.00 1,500.00 15 1,100.00 1,100.00 July 16 3,200.00 1,000.00 4,200.00 1,650,00 1,650.00 1,150.00 1.150.00 July 19 100 - Cash at Bank insumace promlum for next 12 mths. 514 - Lloensing Expense - Nintendo 100 - Cash at Bank Ancesing aggromno foo Nintendo 6 17 - Stationery & Office Supplies Expense 100 - Cash at Bank office supplies 130 - Prepaid Advertising 100 - Cash at Bank I prepaid advertising contact foes for next 12mths 1615 - Licensing Expense. Sony 100-Cash at Bank Bloensing agreement fee to sony 1618 - Wages Expense 200 - Accounts Payable recognise wages expense for wook ending 21/07 220 - Interest Payable 230 - Loan Payable - principal due May 2030 100 - Cash at Bank paid CBA loan 1200 - Accounts Payable 100 - Cash at Bank pmt. Of electricity bill for the previous 2mths 612 - Leasing Expense - cinema seating/screen 100-Cash at Bank mthly. Leasing Instalment for seating & Screen 618 - Weges Expense 200 - Accounts Payable recognise wages expense for week ending 28/07 100 - Cash at Bank 400 - Sales - Cinema cash cinema revenues for the mth 100 - Cash at Bank 401 - Sales - Gaming cash gaming revenues for the mth 100 - Cash at Bank 402 - Sales - Candy Bar cash candy bar revenues for the moth 200 - Accounts Payable 100 - Cash at Bank settlement of kemals & kom's a/c 200 - Accounts Payable 100 - Cash at Bank sellement of folios RU's al 110 - Accounts Receivable 400 - Sales - Cinema credit cinema salos for the mth 600 - Accounting Fees 200 - Accounts Payable accountant's foos for preparation of statements 301 - Nicholas Robbins, Drawings 100 - Cash at Bank 1,100.00 1,100.00 12,147.36 12,147.38 9.458.27 9,458.27 22 11,698.14 11,098.14 2,175.35 2,175.35 4,350.85 4,350.85 3,428,54 3,428.54 2,350.00 2,350.00 31 July 27 680.00 680.00 PINCits Gaming der do no Opening Balances nes but C wrong whe Dr Crror 10,763.20 4,385.27 1,000.00 798.59 717,580.00 125,000.00 15,625.00 250,000.00 125,000.00 9,586.38 3,700.00 3,200.00 906,800.00 2,550.00 1,650.00 FlixCity & Gaming Post-closing Trial Balance for the month ended 30 June 2016 Account Account Names No's ASSETS 100 Cash at Bank 110 Accounts Receivable 130 Prepaid Advertising 140 Prepaid Insurance 150 Land 160 Buidling 165 Accumulated Depreciation - Building 170 Equipment - Computer/console/candy bar/projector 175 Accumulated Depreciation - Equipment LIABILITIES 200 Accounts Payable 210 Unearned revenue 220 Interest Payable 230 Loan Payable - Principal due May 2030 240 Wages Payable 250 Utilities Payable EQUITY 300 Nicholas Robbins, Capital 301 Nicholas Robbins, Drawings REVENUE 400 Sales - Cinema 401 Sales - Gaming 402 Sales - Candy Bar EXPENSES 600 Accounting Fees Advertising Expense 602 Candy Bar Expense 603 Computer Consumables Expense 604 Depreciation Expense - Building 605 Depreciation Expense - Equipment 608 Utilities Expense 610 Insurance Expense 611 Interest Expense 612 Leasing Expense - Cinema seating/screen 613 Leasing Expense - Gaming furniture 614 Licensing Expense - Nintendo 615 Licensing Expense - Sony 617 Stationery & Office Supplies Expenses 618 Wages Expense TOTALS 41,415.68 0.00 0.00 0.00 0.00 601 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,109,527.06 1,109,527.00 WIILIT Suminised the account numbers, descriptions & opening balances as at 30 June 2016. & Gamit repared in the imbers shou its Flix c he account 0 Gaming I do not rom Opening Balances our journa les betweet Dr C g when y 10,763.20 4,385.27 1,000.00 798.59 717,580.00 125, 000.00 Flix City & Gaming Post-closing Trial Balance for the month ended 30 June 2016 Account No's Account Names ASSETS 100 Cash at Bank 110 Accounts Receivable 130 Prepaid Advertising 140 Prepaid Insurance 150 Land 160 Buidling 165 Accumulated Depreciation - Building 170 Equipment - Computer/console/candy bar/projector 175 Accumulated Depreciation - Equipment LIABILITIES 200 Accounts Payable 210 Unearned revenue 220 Interest Payable 230 Loan Payable - Principal due May 2030 240 Wages Payable Utilities Payable EQUITY 300 Nicholas Robbins, Capital 15,625.00 250,000.00 125,000.00 9,586.38 3,700.00 3,200.00 906,800.00 2,550.0 1,650.0 41,415.6 nnn 3,200.00 906,800.00 2,550.00 1,650.00 41,415.68 0.00 0.00 0.00 0.00 Interest Payable Loan Payable - Principal due May 2030 240 Wages Payable 250 Utilities Payable EQUITY 300 Nicholas Robbins, Capital 301 Nicholas Robbins, Drawings REVENUE 400 Sales - Cinema 401 Sales - Gaming 402 Sales - Candy Bar EXPENSES 600 Accounting Fees 601 Advertising Expense 602 Candy Bar Expense 603 Computer Consumables Expense 604 Depreciation Expense - Building 605 Depreciation Expense - Equipment 608 Utilities Expense 610 Insurance Expense 611 Interest Expense 612 Leasing Expense - Cinema seating/screen 613 Leasing Expense - Gaming furniture 614 Licensing Expense - Nintendo 615 Licensing Expense - Sony 617 Stationery & Office Supplies Expenses 618 Wages Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
