Prepare 1. Sales Journal (SJ): to record all sales of Inventory on credit 2. Purchases Journal (PJ): to record all Purchases of Inventory on credit 3. Cash Receipts Journal (CRJ): to record all Cash Receipts 4. Cash Payments Journal (CPJ): to record all Cash Payments 5. General Journal (GJ): to record all transactions other than the above

UNADJUSTED TRIAL BALANCE AND CHART OF ACCOUNTS As at 31 May 2023 Acc. Account Credit ($) 100 Cash at Bank 101 Debit ($) 5,531,652 2,143,260 1,359,099 7,030,800 6,656,580 102 103 104 105 102,060 150 4,592,700 151 160 1,559,250 161 765,450 200 1,382,346 Accounts Receivable Control Stationery Supplies Inventory Prepaid Rent (paid 1 March 2023) Prepaid Insurance (paid 1 Nov. 2022) Showroom Fittings Accumulated Depreciation - Showroom Fittings Equipment Accumulated Depreciation - Equipment Accounts Payable Control Interest Payable Utilities Payable Wages Payable Salaries Payable Tax Payable Dividend Payable Mortgage Loan (due 31 July 2038) Share Capital Retained Profits (1 July 2022) Dividends Declared Profit and Loss Summary Sales Revenue 201 202 203 204 205 206 250 5,462,478 300 10,206,000 8,671,698 301 302 303 400 36,411,606 401 279,531 Sales Discounts (Discount Allowed) Sales Returns and Allowances 402 78,813 500 Purchases 17,341,695 501 217,728 Purchase Discounts (Discount Received) Purchase Returns and Allowances 502 91,287 600 26,082 601 8,713,089 602 603 604 Freight-Out Wages Expense - Sales Staff Depreciation Expense Showroom Fittings Depreciation Expense - Equipment Stationery Expense Rent Expense Insurance Expense Advertising Expense Interest Expense Utilities expense 605 606 607 394,632 608 609 526,176 605 606 607 394,632 608 609 Rent Expense Insurance Expense Advertising Expense Interest Expense Utilities expense Tax Expense Sundry Expenses Salaries Expense - Office Staff Bad Debts Expense 526,176 610 611 27,216 612 6,845,958 613 63,208,593 63,208,593 SUBSIDIARY LEDGERS Schedule of Accounts Receivable As at 31 May 2023 Note: Western Suburbs Car Products Pty Ltd offers all customers Credit Terms 2/10, n/30, unless otherwise stated Account Amount ($) Acc. No. Invoice date 101-1 30 May 857,304 Granville Alarms & Locks 101-2 20 May 433,188 Lidcombe Oils & Tools Macquarie Covers & Seats 101-3 28 April 586,278 101-4 14 May 266,490 Rosehill Tyres & Wheels 2,143,260 Schedule of Accounts Payable As at 31 May 2023 Account Invoice Credit Amount . No. date terms 200-1 30 May 2/10, 391,230 Cherrybrook Car Accessories n/60 200-2 27 May 991,116 Pennant Hills Car Accessories 1/10, n/45 = $1,382,346 TRANSACTIONS For June 2023 Date Transaction Week 1 June 1 Granville Alarms & Locks paid the balance of its account and were given a discount of $17,136 by us. Delivered goods to Lidcombe Oils & Tools for $614,628 and issued invoice #981. Issued cheque #530 topay $68,040 for delivery costs of inventory to their premises. June 4 Paid the amount owing to Cherrybrook Car Accessories and Cheque #531 was sent to the Creditor. June 7 Total Cash Sales for the week were $173,502. Week 2 June 9 Macquarie Covers & Seats paid $246,078 toward the amount it owes us. June 10 Made a purchase from Pennant Hills Car Accessories for $527,310 for inventory: Terms are 1/10, n/45and date of invoice was 10 June. The firm issued cheque #532 for the purchase of Stationery Supplies amounting to $49,896. June 11 Granville Alarms & Locks purchased inventory of $619,164. Invoice #982 was issued. Week 2 June 9 Macquarie Covers & Seats paid $246,078 toward the amount it owes us. June 10 Made a purchase from Pennant Hills Car Accessories for $527,310 for inventory: Terms are 1/10, n/45and date of invoice was 10 June. The firm issued cheque #532 for the purchase of Stationery Supplies amounting to $49,896. June 11 Granville Alarms & Locks purchased inventory of $619,164. Invoice #982 was issued. June 12 Some of the car products purchased on 10 June from Pennant Hills Car Accessories were the incorrectcolour. We returned the inventory in exchange for a Credit Note of $170,100. June 14 Total Cash Sales for the week were $237,006. Week 3 June 15 Paid office staff salaries of $661,122. Cheque #533 was issued for payment.Cheque #534 was issued to pay sales staff wages, $561,330. June 16 Purchased inventory from Cherrybrook Car Accessories for $867,510. The invoice was dated 16 June.Credit terms are 2/10, n/30. June 18 Sold inventory to Macquarie Covers & Seats for $1,119,258 on invoice #983. Issued cheque#535 to pay for delivery costs of $85,050. June 19 The company issued cheque #536 to pay the amount still owing to Pennant Hills Car Accessories June 21 Total Cash Sales for the week were $225,099. Week 4 June 23 Macquarie Covers & Seats returned $212,058 of inventory purchased on 18 June. Issued a Credit Notefor the transaction. June 24 Issued Cheque #537 for $113,400 to pay for the annual gift the company donates to the WorldPeace Charity Fund. The gift is to be recorded as a Sundry Expense in the accounts. June 25 Purchased inventory from Pennant Hills Car Accessories, worth $844,830. The terms were 1/10, n/45.Date of the invoice was 25 June. June 26 Received the total amount owing from Macquarie Covers & Seats. June 28 Total Cash Sales for the week were $353,808. Week 5 June 29 Lidcombe Oils & Tools paid the entire balance of its still outstanding account. June 29 Reduced $680,400 of the amount owing to Pennant Hills Car Accessories and Cheque #538 wasissued. June 29 A dividend of $1,593,900 was declared to the company shareholders. However, the dividend willnot be paid until 28 November 2023. Paid sales staff wages, $561,330 and Cheque #539 was issued to meet the payment. June 30 Issued additional shares to the Shareholder owners of the Company for cash, and $1,134,000 wasreceived and banked from the share issue. Total Cash Sales for the week were $210,924