ISC Programme/ Pathway Module Title University of Leeds & Leeds Beckett University Leeds International Study Centre International Foundation Year: Business, Law and Social Sciences Student Name Student Number Assessment Title Submission Date (40 Marks) IFA 2 of 2 Thursday 7 December 2017 Trevor Walker Entry Book-Keeping and Trial Assessor to a shop Davis and MacAuley October 2017, which is its first month of business. The business has two and Oct Transaction 1 Davis invests 30,000 cash into the business. 5 em branch The manager of the business arranges to pay rent via DD of 3,000 per month payable on 3 of each month. Records. Thes The manager arranges to take delivery of 15,650 of inventory from Psyco e manager arranges to take delivery of 7,325 of CDs and LPs from a wholesaler -Island Records who insists on cash payment on delivery of order. 3 The manager purchases a vehicle for 18,745 on 90 5One member of staff goes to Staples and buys 523 of y invested 15,000 into the business for the business A Credit sales customer-Sanderson ling 4,541 Cash 968 were banked from the first 10 A bill from the local council was received for monthly rates of 2.250 to be 11 The store manager fills the vehicle with 57 of petrol using 15, A bill for immediate payment of 257 was received from BT for 15 Cash Sales of 1,400 were banked from the second week. Credit sales were made to line stomers: Sanderson on 21 day terms at 8,752 and6,954 to O'Neill on 14 dayterms orthern Electric sent an electricity bill for 195 to be paid immediately 15 N 16There was a further 17 Invoice received from Dynamic Shopfitters for 13,721 for fitting out the store prior to opening. erms from records for 12 894 21 Cash sales of 2,950 were banked for week three and another 7,259 to Sanderson. 22 A further purchase was made from Island Records for 18,386 25 28 Cash sales of 3,851 were banked and Credit sales to Sanderson 3,129 and O'Neil 5,367 29 Part of the storeroom had become damaged and resulted in water damage to some stock. As This is due to be paid in 10 days time A bank loan of 20,000 was received from Santander a result 25% of Sanderson's second sale needed a credit note raised for it and emergency repairs costing 1,350 had to be paid in cash. Staff are paid wages of 6,000 The manager 30 monthly rental of 175 for a computer used to 31 ISC Programme/ Pathway Module Title University of Leeds & Leeds Beckett University Leeds International Study Centre International Foundation Year: Business, Law and Social Sciences Student Name Student Number Assessment Title Submission Date (40 Marks) IFA 2 of 2 Thursday 7 December 2017 Trevor Walker Entry Book-Keeping and Trial Assessor to a shop Davis and MacAuley October 2017, which is its first month of business. The business has two and Oct Transaction 1 Davis invests 30,000 cash into the business. 5 em branch The manager of the business arranges to pay rent via DD of 3,000 per month payable on 3 of each month. Records. Thes The manager arranges to take delivery of 15,650 of inventory from Psyco e manager arranges to take delivery of 7,325 of CDs and LPs from a wholesaler -Island Records who insists on cash payment on delivery of order. 3 The manager purchases a vehicle for 18,745 on 90 5One member of staff goes to Staples and buys 523 of y invested 15,000 into the business for the business A Credit sales customer-Sanderson ling 4,541 Cash 968 were banked from the first 10 A bill from the local council was received for monthly rates of 2.250 to be 11 The store manager fills the vehicle with 57 of petrol using 15, A bill for immediate payment of 257 was received from BT for 15 Cash Sales of 1,400 were banked from the second week. Credit sales were made to line stomers: Sanderson on 21 day terms at 8,752 and6,954 to O'Neill on 14 dayterms orthern Electric sent an electricity bill for 195 to be paid immediately 15 N 16There was a further 17 Invoice received from Dynamic Shopfitters for 13,721 for fitting out the store prior to opening. erms from records for 12 894 21 Cash sales of 2,950 were banked for week three and another 7,259 to Sanderson. 22 A further purchase was made from Island Records for 18,386 25 28 Cash sales of 3,851 were banked and Credit sales to Sanderson 3,129 and O'Neil 5,367 29 Part of the storeroom had become damaged and resulted in water damage to some stock. As This is due to be paid in 10 days time A bank loan of 20,000 was received from Santander a result 25% of Sanderson's second sale needed a credit note raised for it and emergency repairs costing 1,350 had to be paid in cash. Staff are paid wages of 6,000 The manager 30 monthly rental of 175 for a computer used to 31