Name: PETTY CASH								Acct No.: 105
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		200.00

Name: ACCOUNTS RECEIVABLE								Acct No.: 110
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		5,760.00	June

Name: PREPAID INSURANCE								Acct No.: 120
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		381.25

Name: PREPAID RATES AND TAXES								Acct No.: 130
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		164.75

Name: GST PAID (OUTLAYS)								Acct No.: 140
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		1,905.75	June

Name: BUILDINGS AND IMPROVEMENTS (COST)								Acct No.: 160
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		350,000.00

Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS								Acct No.: 161
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		43,750.00

Name: HIRE EQUIPMENT (COST)								Acct No.: 170
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		108,000.00	June

Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT								Acct No.: 171
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June					June	1	Balance		67,500.00

Name: MOTOR VEHICLES (COST)								Acct No.: 180
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		29,900.00

Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES								Acct No.: 181
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		8,970.00

Name: STORE EQUIPMENT (COST)								Acct No.: 190
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		14,700.00

Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT								Acct No.: 191
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		6,615.00

Name: ACCOUNTS PAYABLE								Acct No.: 200
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June					June	1	Balance		5,824.00

Name: GST COLLECTED								Acct No.: 210
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June					June	1	Balance		5,745.90

Name: PAYG WITHHOLDING PAYABLE								Acct No.: 220
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		1,120.00
						28

Name: SUPERANNUATION PAYABLE								Acct No.: 230
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June					June	1	Balance		432.00

Name: BANK LOAN								Acct No.: 280
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	30				June	1	Balance		220,000.00

Name: CAPITAL								Acct No.: 310
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		151,156.00

Name: DRAWINGS								Acct No.: 315
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		36,000.00

Name: HIRE SERVICE INCOME								Acct No.: 400
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		122,880.00

Name: LESSON INCOME								Acct No.: 410
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		25,530.00

Name: DISCOUNTS RECEIVED								Acct No.: 420
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		392.10

Name: FREIGHT COLLECTED								Acct No.: 430
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June	1	Balance		85.00

Name: PROFIT ON SALE OF PPE								Acct No.: 440
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
					June

Name: ADVERTISING								Acct No.: 600
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		2,150.00

Name: BANK CHARGES								Acct No.: 605
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		112.40
	30

Name: CLEANING								Acct No.: 610
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		800.00

Name: DEPRECIATION								Acct No.: 615
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		35,323.00

Name: DISCOUNTS GIVEN								Acct No.: 620
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June

Name: ELECTRICITY								Acct No.: 625
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		3,480.50

Name: FREIGHT EXPENSE								Acct No.: 630
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		962.35

Name: INSURANCE								Acct No.: 635
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		4,193.75

Name: INTEREST EXPENSE								Acct No.: 640
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		14,002.80

Name: MOTOR VEHICLE EXPENSES								Acct No.: 645
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		2,530.00

Name: OFFICE SUPPLIES								Acct No.: 650
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		118.80

Name: PRINTING AND POSTAGE								Acct No.: 655
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		109.10

Name: RATES AND TAXES								Acct No.: 660
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		1,812.25

Name: REPAIRS AND MAINTENANCE								Acct No.: 665
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		675.00

Name: DIVING INSTRUCTION CHARGES								Acct No.: 670
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		13,710.00

Name: STAFF AMENITIES								Acct No.: 675
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		234.70

Name: SUPERANNUATION								Acct No.: 680
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		1,404.00

Name: TELEPHONE								Acct No.: 685
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		1,137.40

Name: WAGES AND SALARIES								Acct No.: 690
Date		Details	Post Ref	Debit	Date		Details	Post Ref	Credit
June	1	Balance		15,600.00

question

Read the instructions before commencing the requirements. This practice set uses T general ledger accounts. Ensure you familiarise yourself with the process of posting transactions into T ledger accounts. Review the Read, study and practice link in the practice set for assistance and read your prescribed textbook. Note; you should be posting in journal order, firstly the sales journal, followed by the purchases journal, then the cash payments journal, then the cash receipts journal & lastly the general journal.