hi,
i am having trouble with completing the reports below.
i have started to the best of my ability.
is it possible to have these explained clearer to me?
many thanks
LENOVOYOGA 510 P) HARMAN Always- or fast VOOX BSBFIA401_AT1_W_ TOM_v2. docx BSBFIA401_AT1_W_TOM_v2.docx 3. From the following 30/6/2017 Trial Balance you are to: a ) Prepare the closing journals, including narrations Prepare the Trading, Profit & Loss, and Capital General Ledger Accounts. Capital Account Date Details DR BAL Brisbane Camping World 30 16/17 Balance 124, 446 124 4 46 Trial Balance as at 30 June 2017 DR CR Net profit 44 043 168, 489 Account Name Cash at Bank 3,106 Drawings 14 135 154 , 354 Accounts Receivable 10,388 Inventory 9,348 Land & Buildings 101,000 Motor Vehicles 25,000 Plant & Machinery 21,000 Accounts Payable 3,000 GST Collected 12,011 GST Paid 13,738 Mortgage 41,000 Capital 124,476 Drawings 14,135 Sales 183,440 Cost of Goods Sold 110,802 Advertising 2,700 Bad Debts 1,200 Discount Allowed 1,407 Freight Out 1,846 General Expenses 18,912 Insurance 3,450 Electricity 2,487 Motor Vehicle Expenses 3,348 Wages & Salaries 17,070 Telephone Expenses 2,990 363,927 363,927 123 TMP E - Assessment Template - Written v1.3 123 TMP E - Assessment Template - Written v1.3 Page 10 of 14LENOVO" YOGA" 510 3. BSBFIA401_AT1_W_ TOM_v2 docx From the following 30/6/2017 Trial Balance you are to: a) Prepare the closing journals, including narrations BSBFIA401_AT1_W_TOM_v2.docx b) Prepare the Trading, Profit & Loss, and Capital General Ledger Accounts. General Journal Date Details Debit Credit Brisbane Camping World June 30 Advertising 2700 Trial Balance as at 30 June 2017 Account Name DR CR Cash at Bank 3, 106 Accounts Receivable 0,388 Inventory 9,348 Land & Buildings 101,000 Motor Vehicles 25,000 Plant & Machinery 21,000 Accounts Payable 3,000 GST Collected 12,011 GST Paid 13,738 Mortgage 41,000 Capital 124,476 Drawings 14,135 Sales 183,440 Cost of Goods Sold 110,802 Advertising 2,700 Bad Debts 1,200 Discount Allowed 1,407 Freight Out 1,846 General Expenses 18,912 Insurance 3,450 Electricity 2,487 Motor Vehicle Expenses 3 , 348 Wages & Salaries 17,070 Telephone Expenses 2,990 363,927 363,927 need help. Page 11 of 123 TMP E - Assessment Template - Written v1.3 Page 10 of 14 123 TMP E - Assessment Template - Written v1.3BSBFIA401_AT1_W TQM_v2. docx BSBFIA401_AT1_W_TOM_v2.docx From the following 30/6/2017 Trial Balance you are to : General Ledger Prepare the closing journals, including narrations Prepare the Trading, Profit & Loss, and Capital General Ledger Accounts. Trading Account Date Details DR CR BAL Brisbane Camping World 30/6/ 17 Sales 83, 440 83, 440 Trial Balance as at 30 June 2017 Account Name Cost of sales 110 , 802 72, 63 8 DR CR Cash at Bank 3, 106 Expenses 29595 44, 04 3 Accounts Receivable 10,388 Gross Profit 4 4, 043 0. 00 Inventory 9,348 Land & Buildings 101,000 Motor Vehicles 25,000 Plant & Machinery 21,000 Accounts Payable 3,000 GST Collected 12,011 GST Paid 13,738 Mortgage 41,000 Capital 124,476 Drawings 14,135 Sales 183,440 Cost of Goods Sold 110,802 Advertising 2,700 Bad Debts 1,200 Discount Allowed 1,407 Freight Out ,846 General Expenses 18,912 Insurance 3,450 Electricity 2,487 Motor Vehicle Expenses 3,348 Wages & Salaries 17,070 Telephone Expenses 2,990 363,927 363,927 123 TMP E - Assessment Template - Written v1.3 Page 12 of 14 123 TMP E - Assessment Template - Written v1.3 Page 10 of 14BSBFIA401_AT1_W TOM_v2 docx BSBFIA401_AT1_W_TOM_v2.docx 3. From the following 30/6/2017 Trial Balance you are to: b ) a ) Prepare the closing journals, including narrations Prepare the Trading, Profit & Loss, and Capital General Ledger Accounts. Profit & Loss Account Date Details DR CR BAL Brisbane Camping World June 30 Sales 183, 440 Trial Balance as at 30 June 2017 Less cost of Sales 110 , 802 Account Name DR CR Cash at Bank 3,106 Accounts Receivable 10,388 Gross profit 72 63 8 Inventory 9,348 Land & Buildings 01,000 Motor Vehicles 25,000 Expenses Plant & Machinery 21,000 Telephone 2 , 99 0 Accounts Payable 3,000 GST Collected 12.011 wages f Salaries 17, 070 GST Paid 13,738 motor vehicles expenses 13 , 34P Mortgage 41,000 124,476 Electricity 21487 Capital 14,135 Advertising 2700 Drawings Sales 183,440 27 28, 595 Cost of Goods Sold 110,802 Ner / operating profit 44, 043 Advertising 2,700 Bad Debts 1,200 Discount Allowed 1,407 Freight Out 1,846 General Expenses 18,912 Insurance 3,450 Electricity 2,487 Motor Vehicle Expenses 3,348 Wages & Salaries 17,070 Telephone Expenses 2,990 363,927 363,927 123 TMP E - Assessment Template - Written v1.3 Page 13 of 14 3 TMP E - Assessment Template - Written v1.3 Page 10 of 14
