1. Process transactions

Refer to the list of transactions below. You are required to process these transactions in accordance with the Appendix 1 - Policies and Procedures of Silver Services Catering. As part of the processing you will be required to carry out the following tasks:

Prepare general journals for transactions 1 to 18 below. These should include the account names and account numbers (folio) from the Chart of Accountsin the Policies & Procedures. Ageneral journal must include a narration explaining the details of the transaction. You must follow the submission checklistprovided on the AT2 General Journals tab in the template file AND the instructions for general journals in the Policies and Procedures. Do not submit assessment 2 unless every journal has been checked.

Appendix 1: Silver Service Catering Chart of Accounts 1-0000 Assets 1-1000 1-1100 1-1160 1-2000 1-2010 1-3000 1-4000 1-5000 1-5100 1-5200 Vehicle 1-5300 1-5400 Equipment 2-0000 2-1000 2-2000 2-2500 2-3010 2-5000 2-5010 2-5020 2-6000 2-6100 3-0000 Equity 3-1000 3-2000 Current Assets MyBank Business Account Petty Cash A/C Receivable Control GST Paid Inventory (for stocktake) Prepaid Expenses Non-Current Assets Delivery Vehicle at Cost less Acgum. Dep Delivery Office Equipment at Cost less Accum. Dep Office Liabilities Current Liabilities A/C Payable Control Westpac Credit Card GST Collected Payroll Liabilities PAYG Payable Superannuation Payable Non-Current Liabilities Bank Loan Capital Contributed Drawings 4-0000 4-1000 4-2000 4-3000 4-4000 5-0000 5-1000 5-4000 6-0000 6-1000 6-1100 6-2000 6-2100 6-2200 6-2300 6-2500 6-3000 6-3100 6-3200 6-3300 6-3350 6-3400 6-3550 6-4000 6-4200 6-5000 6-5100 Expense 6-5200 Income Sales Delivery Charges Interest Income Other income Cost of Sales Purchases Freight Paid on Purchases Expenses Advertising Motor Vehicle Expenses Bank Charges Bad Debts Expense Discount Expense Interest Paid Kitchen Cleaning Insurance Electricity Depreciation Expense Admin Expenses Postage Telephone Expense Stationery Rent Water Rates Superannuation Expense Wages & Salaries Staff Amenities Transactions for the first month of business for Silver Services Catering I 1/1/2023 Owner contributed cash to the business to get started with $'| 0,500 (bank) the business. 1/1/2023 | The owner also contributed their personal delivery vanto | $8,100 the business with a value of $8,100. 3 5/1/2023 | The business purchases stock from Smith and Son's $4,015 incl GST Wholesalers on a credit account. (Do not allocate to inventory, as this will be covered later.) 4 6/1/2023 | Bought a cash register from Officeworks via EFTPOS from | $956.35 incl GST the bank account. 6/1/2023 Received invoice from Mick's Motor's for a motor vehicle $255 incl GST service and this was paid on pick up in their office via EFTPOS. 8/1/2023 | Goods for $899.50 including GST were sold to Events R $899.50 incl GST Us. Cheque number 876 was received immediately. (Does not affect Accounts Receivable as it was a cash sale paid on delivery.) This cheque will be included in the next bank deposit. The bank of Events R Us is NAB, Branch code 236 547. 7 9/1/2023 | Sold goods to Tablelands Supplies for $1,498 including $1,498.00 jng GST GST on a 7 day account. Prepare the Tax Invoice 1001 for this sale from the details on purchase order given. 12/1/2023 | Tablelands Supplies paid a partial amount towards their $1,000 invoice by a direct deposit to the bank account. 12/1/2023 | Issued invoice no. 7280 to Marjory Brown for a sale which | $934.20 incl GST includes GST of $934.20. Marjory Brown decided to settle her account immediately via EFTPOS. 10 | 15/1/2023 | Cash payment (bank transfer) was made to Bright & Shiny | $1,320 Including Cleaning to undertake a thorough clean of the kitchen for GST 11 16/1/2023 | A credit sale was made to event customer for a business $9,000 including function for a total of $9,000 including GST and delivery GST and freight charges of $33 also including GST. The customer was B Jones. Prepare a Tax Invoice for this sale on Invoice 1002. The ABN for B. Jones is 45632698312. 19/1/2023 | A cash sale was made for $1,200. The customer was G. $1,200 including Green of 24 Tree St. Gardenvale. GST The cash breakdown was: $500 of $100 notes, $400 of $50 notes, $100 of $10 notes, $100 of $5 notes, $60 of $2 coins, and $40 of $1 coins. As this cash was banked on this day, prepare the banking summary and cash summary slip. Also to be banked will be the cheque from Events R Us. 19/1/2023 | Paid commercial rent via Direct Debit. Extra Property Pty | $825 (includes Ltd. GST) 28/1/2023 | Paid the telephone account via BPAY direct from the bank | $304.36 including account. The company was Optus. GST 28/1/2023 | Wages were paid via Direct Debit. Details were: Wages $1,140 $1,140. This amount is after the PAYG withholding has been removed and you only have authority to prepare the actual payment of the net wages. 28/1/2023 | Owner withdrew cash for personal use. $900 31/1/2023 | During the end of month balance day checks, it was found that the motor vehicle service was for the owner's private car and not the delivery van, as presumed by the bookkeeper. As this was for the owners' private car, this needs to be corrected in a general journal. (don't forget to adjust the GST). 31/1/2023 | Tableland Supplies has shut down and are uncontactable. | $498.00 The remaining balance, which you have tried to chase up, is still unpaid. Kate Silver (the owner) has instructed you to write this balance off as a bad debt. Remember to also adjust the GST collected if it was charged. 12 13 14 15 16 17 8 1