It is a project at the end of FNSACC312 and it is about the EZ Mow lawn mowing company already listed in CourseHero
I really need help with this Sir. I don't understand it. It is my final project and I have to get it right.
Course Hero Find Ask P 2 Find study resources Earn by Study Resources v Expert Tutors Contributing Australian College / ACCOUNTING / ACCOUNTING FNS40217 / FNSACC312 - Project A.pdf - Project A ... FNSACC312 - Project A.pdf - Project A EZ Mow is a small... School Course Title Uploaded By Pages Ratings Australian Colle... ACCOUNTING F... mandapanda20... 25 15 100% (3) @ This preview shows page 1 -5 out of 25 pages. View full document Students who viewed this also studied Project A EZ Mow is a small lawn mowing business which provides a service to corporate customers. It offers a 30 day account. 2 pages FNSACC312 - Topic Complete Computing and PowerBuild Gymnasium have taken advantage of this facility. 1.pdf EZ Mow buys its fuel from The Corner Service Station. It uses compost bins supplied by Central Rubbish to dispose of the lawn clippings. Both The Corner Service Station and Central Rubbish offer 30 day accounts. EZ Mow banks with Wales Banking Group. Using the invoices and statements: 1. Check the supplier invoices and statements for accuracy. 2. Check the appropriate journal entries against the bank statement. 2 pages FNSACC312 - Topic 3. Enter any direct credits into the appropriate ledgers 4. You wrote the following cheques: 2.pdf Our tutors were helpful last time, right? Ask 28 Feb XX 770989 Payment-Central Rubbish another question! 28 Feb XX 770990 Payment-Corner Service Station 5. Enter the supplier invoices into the creditor and general ledger. 6. The fuel and oil will be entered into the general expenses account in the general ledger and the rubbish bins in At Ask Expert Tutors the cleaning account. Payments are already entered, but you will need to include them when you calculate the You can ask 2 questions (will expire 6) 7 Create the account payablesProjectA EZ Mow is a small lawn mowing business which provides a service to corporate customers. It offers a 30 day account. Complete Computing and PowerBuild Gymnasium have taken advantage of this facility. EZ Mow buys its fuel from The Corner Service Station. It uses compost bins supplied by Central Rubbish to dispose of the lawn clippings. Both The Corner Service Station and Central Rubbish offer 30 day accounts. EZ Mow banks with Wales Banking Group. Using the invoices and statements: 1. Check the supplier invoices and statements for accuracy. 2. Check the appropriate journal entries against the bank statement. 3. Enter any direct credits into the appropriate ledgers. 4. You wrote the following cheques: 28 Feb XX 770989 ' PaymentCentral Rubbish 102.00 28 Feb XX 770990 PaymentCorner Service Station 401.00 5. Enter the supplier invoices into the creditor and general ledger. 6. The fuel and oil will be entered into the general expenses account in the general ledger and the rubbish bins in the cleaning account. Payments are already entered. but you will need to include them when you calculate the closing balance. 7. Create the account payable schedule. 8. Complete the debtor ledger and general ledgerjournals using the bank statement and E2 Mow invoice. The empty journals are provided for you. They have an opening balance. The payments from last month are entered as well. 9. Create debtor statements for PowerBuild Gymnasium and Complete Computing. 10. Create the account receivable schedule. Invoices for goods and services received: Tax Invoice Number 3608 Corner Service Station cnr Main and Side Street Adelaide ph 8123 4567 ABN 88 999 000 222 Supplied to: EZ Mow 1 Princess Road Para Hills SA 5096 7 Feb 20XX Product Description Line Total ULP95 Unleaded fuel 48.50 2S Two-stroke oil 11.50 Total 60.00 Invoice includes GST of 5.45Tax Invoice Number 3987 Corner Service Station onr Main and Side Street Adelaide ph 8123 4567 ABN 88 999 000 222 Supplied to: EZ Mow 1 Princess Road Para Hills SA 5096 14 Feb 20XX Product Description Line Total ULP95 Unleaded fuel 55.50 2S Two-stroke oil 23.00 Total 78.50 Invoice includes GST of 7.13Tax Invoice Number 4120 Corner Service Station cnr Main and Side Street Adelaide ph 8123 4567 ABN 88 999 000 222 Supplied to: EZ Mow 1 Princess Road Para Hills SA 5096 20 Feb 20XX Product Description Line Total ULP95 Unleaded fuel 33.90 2S Two-stroke oil 11.50 Total 45.40 Invoice includes GST of 4.12Tax Invoice Number 4217 Corner Service Station cnr Main and Side Street Adelaide ph 8123 4567 ABN 88 999 000 222 Supplied to: EZ Mow 1 Princess Road Para Hills SA 5096 28 Feb 20XX Product Description Line Total ULP95 Unleaded fuel 39.80 2S Two-stroke oil 11.50 VServ Vehicle Service 165.80 Total 217.10 Invoice includes GST of 19.73Tax Invoice Number P9875342 Central Rubbish 1167 Lower Road Woodville SA 5012 ph 8375 5858 ABN 88 753 264 282 Invoice: EZ Mow 1 Princess Road Para Hills SA 5096 28 Feb 20XX Product Description Line Total Pickup Pickup 3 rubbish bins at $34.00 102.00 Invoice includes GST of 9.27Supplier statements: Statement Corner Service Station cnr Main and Side Street Adelaide ph 8123 4567 ABN 88 999 000 222 Supplied to: EZ Mow 1 Princess Road Para Hills SA 5096 Period ended: 28 Feb XX Invoices Payments Balance 1 Feb XX Opening Balance 253.20 4 Feb XX Payment received 253.20 0.00 7 Feb XX 3608 Fuel and oil 60.00 60.00 14 Feb XX 3987 Fuel and oil 78.50 138.50 20 Feb XX 4120 Fuel and oil 45.40 186.90 28 Feb XX 4217 Fuel, Oil and Service 217.10 401.00 Current 30 60 401.00 0.00 0.00\fCustomer invoices: Invoice 105 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: Complete Computing 34 The Boulevard West Lakes SA 5020 5 March 20Xx Description Line Total Mowing 78.00 Total 78.00Invoice 106 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: PowerBuild Gymnasium 38-40 The Boulevard West Lakes SA 5020 5 March 20XX Description Line Total Mowing 78.00 Total 78.00Invoice 111 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: Complete Computing 34 The Boulevard West Lakes SA 5020 12 March 20XX Description Line Total Mowing 78.00 Total 78.00Invoice 113 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: PowerBuild Gymnasium 38-40 The Boulevard West Lakes SA 5020 12 March 20XX Description Line Total Mowing 78.00 Total 78.00Invoice 131 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: Complete Computing 34 The Boulevard West Lakes SA 5020 19 March 20XX Description Line Total Mowing 156.00 Total 156.00Invoice 132 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: PowerBuild Gymnasium 38-40 The Boulevard West Lakes SA 5020 19 March 20XX Description Line Total Mowing 78.00 Total 78.00Invoice 147 EZ Mow 1 Princess Road Para Hills SA 5096 0400 111 222 Invoice: PowerBuild Gymnasium 38-40 The Boulevard West Lakes SA 5020 26 March 20XX Description Line Total Mowing 78.00 Total 78.00Bank statement Wales Bank Statement March 20XX EZ Mow 1 Princess Road Para Hills SA 5096 Date Description Debit Credit Balance 1 Mar xx Opening Balance 29,486.25 3 Mar xx Direct Deposit PowerBuild Gymnasium 390.00 29,876.25 4 Mar xx Your Cheque 770989 102.00 29,774.25 4 Mar xx Your Cheque 770990 401.00 29,373.25 4 Mar xx Cash and Cheques 468.00 29,841.25Ledgers General ledger General expenses Date Docket Details Debit Credit Balance 1 Feb XX Opening Balance 7,250.00 28 Feb XX Closing BalanceCleaning Date Docket Details Debit Credit Balance 1 Feb XX Opening Balance 1,290.00 28 Feb XX Closing Balance
