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please ignore the written answers they are wrong. please solve with full explaination (narration required). Complete General Journal, Opening Capital, Ledgers, Trial Balance, Income Statement

please ignore the written answers they are wrong. please solve with full explaination (narration required). Complete General Journal, Opening Capital, Ledgers, Trial Balance, Income Statement & Balance Sheet (balance needs to be matched at last). image text in transcribed
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Eetty's Bookweem Betty's Bookwerm is a company that sells books. It's cwner Bety has decided to adogt a double- entry recording syste At 1" of Februbry 2019, the firm's assets and liablities were as tollow $10,000 10000+ 12000100 150oo-(orp+100) Bank Steck Contro $12.000 Debtors Contrel $1000 Property Creditors Control $8,000 Mortgage 150,000 200,000 Question & (1 Marky During Puly the follawing transactions took place: company's transactions for July 2019 showed the fellowing 1/2 cauh sales to R Bidges $330 GST included. Cost price S100 (Rec. No. 100) 2/2 wages paid 5500 (chq No. 101) /2 Credit Sale to City Library $1000 GST incladed Cost price $500 ev. 10) 4/2 Purchated bindingmchine on credit price $500 Ilnv. 158) 8/2 Maid montbly repayment of $600 on the mortgage 15100 of that was interest) (Chg. No. 102) 10/2 Paid cash to credinor R. Holmes of $50 (Chg, No. 103) 11/2 Withdrew $1000 for personal use (Memo 222) 12/2 Purchased new coffee machine for $150 each IGST includee) (Chg NO 104) 15/2 Sold a leather bound encyclopedia set for $30,000 cash plus GST. Cost price $300 (Rec. No. 101) 13 134 19/2 Withdrew $300 worth of stack for a friends birthday (Memo 223) 20/2 Credit Sale to Melbourne Library for $2000 (GST included]. Cost price $ 100 jew. vo 103 21/2 Purchased $1000 canh GST included of stock from Terry Tyaist (Chq, No. 104) 21/2 Retureed 20 books to Terry Typist due to damage. Books were $10 each, plus $1 GST (Credt Note 12) 22/2 City library returned 3 beoks warth $30 (plus $1 GSt) each cost price $5 each (Credit Note 13 Given the aboye information complete the following General lournal Gererai Ledger Credit Cash Sale 4/2 Credit Sale eity library /2 Purchased bindfin g wmadfe So t tooo4 loop Crediter R. Holma 50 2)2 15/2 Eneycloped 19/2 Friends birthday 0/Metbourne tbrory /2Tery Tyrist 21/2 Rctuaned books 22/2 Cty Library vetared Nece coffee machbse 515o 5i5 $100 2erro Question 3 166 Marks) Gven the above informatien compliete the folowing ledgers. jNote se include any epening balances) /2 Bal ance 13 or 612 ch lo 112 ee 222 lso fae looo 275 1412 Stock Control Cress-reference Amaunt Date Cress- neference Debtors Control Property -Amount Date Cross- reference Mortgage Cress- reference Amount Date 812 chegue 103 Ssoe Creditors Control Cross-roferenca GST Clearing Cross-reenence Amount Date Cross - referece 13 rvo Capital Cross- reference Amourt Date Cross - reference Binding Machine Cross - reference Amount Coffee Machine Amount Cross - reference Cross reference 1212 Bank $iso Question 4(16 Marks) For the above trantactions of Detty's Bookworn complete the Trial Balance Betty's Bookworm Trial Balance as at 28 february 2019 Account Credit i) Drat #7537 Bank Interest toz . Caje uestion 516 Marks With the following information do an income Statement for February 2019 Betty's Bookworm-income Statement for February 2013 Less Cost of Gols Seld Gross proft Net profit/ Loss Question 6 (15 Marks) With the following information write a balance sheet as at 28 February 2019 Current Assets Current liabilities San k 765 Debtors Storks Control 12, Acc. 3obo Non- current Non- current assets Mochines 6 sD

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