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GRAND BANK - Receipt Receipt number 14 January 2018 4.28.pm 4562 Amount $4250.00 From MBB Catering Supplies 07 4567 3482 9856 To Roband P/L Biller 5248 Code: Ref: 9301 InV #67456 MBB CATERING SUPPLIES Tax \"\"0109 ABN 42 088 423 290 Invoice No.1 0002 351 Boutique Blvd Date: 15/01/2018 Templestowe, VIC 3107 Terms: 5/10, N30 Phone: (03) 9850 0351 PO #: EFT Sold To: , Organlx Caf and Food Store 42 James Street Templestowe, VIC 3106 QTY Description Price Amount 1 HD Mixer $980.00 $980.00 Sale Amount: $980.00 Freight: $0.00 Total Amount: $980.00 Paid Today: 000 Balance Due: $980.00 OFFICE MEMORANDUM Date: 16/01/18 To: Michael Brown SUBJECT: 1. Organix Caf returned an HD mixer after a trial, as per condition of sale. Signed: Michael Brown MERCATERINGSUPPUES Cred" Note ABN 42 088 423 290 Credit Note No.: 0001 351 Boutique Blvd Date: 16/01/2018 Templestowe, VIC 3107 Phone: (03) 9850 0351 Sold To: Organix Cafe Return of Sale 42 James Street Templestowe, VIC 3106 HD Mixer $980 00 $980. 00 Sale Amount: $980.00 Freight: $0.00 Total Amount: $980.00 E h E: L_\\x\" I [\"1 E1 Tax Invoice ":11, .11.. ._ It; III. .i 5:.- ABN 45 689 643 101 Invoice No.: 0036897 Unit 2 / 7 Minnie Street Invoice Date: 18/01/2018 Belmore, NSW 2192 Terms: 4/10, N30 PO #1 2023 Sold To: MBB Catering Supplies 351 Boutique Blvd Templestowe, VIC 3107 QTY Item Description Unit Price Amount $ $ 4 Double-sided Flat Back Gondola Shelving 20 500 820,00 4 Single-sided Flat Back Gondola Shelving 10 500 420,00 4 Single-sided Peg Board Gondola Shelving 95 .00 3 80,00 1 Florence Counter Display 750.00 750.00 Frei _ht 100100 Subtotal 2470.00 Total 2470.00 BSB: 454-789 ACC#: 3456 0987 GRAND BANK - Receipt 18 January 2018 6.21 pm Receipt number 4563 Amount $2250.00 From MBB Catering Supplies 07 4567 3482 9856 To Kitchen Aid EFT MBB CATERING SUPPLIES Tax Invoice ABN 42 088 423 290 Invoice N0.: 0003 351 Boutique Blvd Date: 21/01/2018 Templestowe, VIC 3107 Terms: 5/10, N30 Phone: (03) 9850 0351 PO #1 6487 Sold To: . . The T1k1 Room 18 Grand Blvd Montmorency, VIC 3094 -_m'._-m- Amount $1540.00 Sale Amount: $1540.00 Freight: 0.00 Total Amount: $1540.00 Paid Today: $0.00 Balance Due: $1540.00 GRAND BANK - Receipt 21 January 2018 5.34 pm Receipt number 4564 Amount $3960.00 From MBB Catering Supplies 07 4567 3482 9856 To AAMI Biller 2989 Code: Ref: 00579246 Annual insurance 10 GRAND BANK - Receipt Receipt number 4565 Amount $3 96000 From MBB Catering Supplies 07 4567 3482 9856 To Hi -Road Real Estate Biller 2989 Code: Ref: 089539 Rental payment 21 January 2018 5.45 pm GRAND BANK - Receipt Receipt number 4566 Amount $2371.20 From MBB Catering Supplies 07 4567 3482 9856 To OZ Shelving Systems 454-789 Westpac Limited 0036897 #3 6897 5/10 25 January 2018 8.32 am 11 OFFICE MEMORANDUM To: Accountant Date: 31/01/18 SUBJECT: End of month adjustments: considered are: that occurred in the storeroom 2. Wages owing to part-time assistant $600 Signed: Michael Brown Please attend to relevant adjustments to determine the prot or loss made in the rst month of trading. Some adjustments relate to the invoices received but other adjustments that need to be 1. One of the ice cream machines cannot be sold unless we price it at $850 due to some damage 3. Estimated Depreciation of shelving $100. Vehicle was depreciated using straight-line method. 4. The Tiki Room settled their account in full on the 28th January. Grand Bank ABN 47 598 943 243 MBB Catering Supplies BSB No: 512-170 351 Boutique Blvd Account No: 11595 Templestowe, VIC 3107 Page: 1 of 1 Date: 31 January 2018 Debit Credit Balance $ $ $ 01/01/18 O-_enin Balance 0 01/01/18 Deposit $12,000.00 $12,000.00 01/01/18 Bank deposit $8,000.00 $20,000.00 02/01/18 Bank Fees - month $15.00 $19,985.00 14/01/18 EFTPOS Daily Reconciliation $2,520.00 $22,505.00 14/01/18 EFT #4561 $680.00 $21,825.00 14/01/18 EFT #4562 $4,250.00 $17,575.00 18/01/18 EFT #4563 $2,250.00 $15,325.00 21/01/18 EFT #4564 $3,960.00 $1,1365.00 21/01/18 EFT #4565 $3,960.00 $7,405.00 25/01/18 EFT #4566 $2,371.20 $5,033.80 28/01/18 EFTPOS Daily Reconciliation $1,463.00 $6,496.80 12 ACCT10002: Semester 2, 2018 PRACTICE SET PART 1 Michael Brown decided to leave his employment and start his own business in providing catering supplies to food outlets. He had worked in the industry for a number of years and had established a wide range of contacts both as suppliers of catering needs and customers who required catering supplies. He plans to start small and only trade in a few products at rst. THE BUSINESS IS NOT REGISTERED FOR GST, accordingly, there is no requirement to account for or include GST in any transaction. The following pages contain the source documents for Michael's rst month of business. Your task is to prepare: 1. General journal entries for the relevant transactions (N arrations are n_ot required) 2. Ledger entries for the transactions (Record inventory items in separate accounts) 3. Prepare a Trial Balance 4. A Statement of Financial Performance for the month of January 5. A Statement of Financial Position as at 31 January 2018 You have access to blank pages for the general journal and ledger accounts. You are to prepare the above ve parts to this assignment and submit items 4 and 5 as ONE DOCUMENT, with all other workings (items 1, 2 and 3) in ANOTHER DOCUMENT. Make sure you have your name and student number written on ALL page(s) of your workings and you will submit both documents via the LMS. You will receive a mark out of for Part 1. Ifyou have not received full marks, you should review your work by discussing with a fellow student or by comparing your answer with the suggested answer which will be made available on the LMS after the due date and consulting a tutor during scheduled consultation hours. Due date for Practice Set Part 1: 9.00pm Sunday 2'\"1 September \"33 CATERING SUPPLIES P17. bu. ACN: 790 099 #23 260 ABN: 42 099 #23 270 352 W W Tmflulowa, 3107 SHARE CERTIFICATE This is to certify that Michael Bruce Brown is the holder of 12,000 ordinary shares in MBB Catering Supplies Pty. Ltd. on payment of $1 per share. Amount paid: $12,000 Date: 1 January 2018 OFFICE MEMORANDUM Date: 01/01/18 To: Michael Brown SUBJECT: 1. Michael Brown donated his station wagon to the rm. Original cost: $15,000. Current market value: $3,000 in exchange for ordinary shares @$1 per share 2. Arranged an interest only loan with Grand Bank for $8,000; interest at 5% pa; payable quarterly. Principal amount to be repaid 31 December 2021. Loan amount deposited in account today. 3. Keep freight paid to trade creditors in a separate freight account as I will make allowance for it in the price I charge customers. 4. Depreciate the vehicle over 5 years with no value at the end. Signed: Michael Brown Tax Invoice LUCKY YOU'RE WITH AAMI' AAMI Business Insurance Invoice No.: 00579246 GPO BOX 2470 Date: 01/01/2018 Adelaide, South Australia 5001 Due Date: 31/01/2018 ABN: 48 005 297 807 Biller Code: 3579 To: . . MBB Caterlng Supplles PAID 351 Boutique Blvd 21/01/18 Templestowe, VIC 3107 EFT 4564 Description Amgunt Insurance for Business Operations - premium for 01/01/2018 to 3960.00 31/12/2018 Subtotal 3960.00 Total 3960.00 Tax Invoice IIi-Illlall Real Estate 799 High Street KEW 3101 Invoice No: 089539 Date: 01/01/2018 Due Date: 31/01/2018 ABN: 38 007 498 432 Biller Code: 4382 To: _ _ MBB Caterlng Supplles PAID 351 Boutique Blvd 21/01/18 Templestowe, VIC 3107 EFT 4565 Description Amgunt Rent due for hirin of remises from 01/01/2018 to 30/06/2018 3,960.00 Total 3,960.00 Tax Invoice KitchenAid ABN 95 000 029 729 Invoice No.1 3403 6-8 Billbrooke Close Date: 03/01/2018 Cameron Park, NSW 2286 Terms: N30 Phone: (02) 4902 6500 PO #: 1008 Sold To: , . MBB Catering Supplles 351 Boutique Blvd Templestowe, VIC 3107 $ $ 6 HD Mixer 450.00 2700.00 Subtotal 2700.00 Total $2700.00 Tax Invoice ABN 35 945 022 518 Invoice No.: 67456 1 Inman Rd Date: 06/01/2018 Cromer, NSW 2099 Terms: N30 Phone: +61 2 9971 1788 Fax: +61 2 9971 1336 Sold To: , . MBB Catering Supplles 351 Boutique Blvd Templestowe, VIC 3107 QTY Description Unit Price Amount $ $ 5 Ice cream machine 820.00 4100.00 Freight 150.00 Subtotal 4250.00 Total 4250.00 OFFICE MEMORANDUM Date: 06/01/18 To: Michael Brown SUBJECT: 1. Found a faulty HD mixer. Phoned KitchenAid about the problem, and both sides agreed on us returning the goods and KitchenAid issuing a credit note. Signed: Michael Brown Credit Note 0 o KitchenAid ABN 95 000 029 729 Credit Note No.: 1222 6-8 Billbrooke Close Date: 06/01/2018 Cameron Park, NSW 2286 Phone: 02 4902 6500 Sold To: MBB Catering Supplies 351 Boutique Blvd Templestowe, VIC 3107 $ $ Subtotal 450.00 Total 450.00 . Tax Invoice DOW Awfu- Remy 1001 Doncaster Road Invoice No.: 3403 Doncaster, VIC 3108 Date: 12/01/2018 Phone: (03) 9848 2222 ABN 84 002 168 032 Biller Code: 5167 To: . . MBB Catering Supplies Descri ntion Amount Service delivery vehicle repairs Parts $400.00 Labour $280.00 - MBB CATERING SUPPLIES TaX Invoice ABN 42 088 423 290 Invoice No.1 0001 351 Boutique Blvd Date: 14/01/2018 Templestowe, VIC 3107 Terms: COD Phone: (03) 9850 0351 PO #: EFT Sold To: Cash Sales QTY Descri 1 tion Price Amount _ _ Sale Amount: $2520.00 Freight: $0.00 Total Amount: $2520.00 Paid Today: $2520.00 Balance Due: $0.00 GRAND BANK - Receipt 14 January 2018 4.22.pm Receipt number 4561 Amount $680.00 From MBB Catering Supplies 07 4567 3482 9856 To Doncaster Auto Repairs 313-140 Mecu Limited 54231789 #3403