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).
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