Question 1 The adjusted trial balance for Mario's Pizza Palace at 30 June is presented below: Mario's Pizza Palace Adjusted trial balance as at 30 June 20XX Credit Debit 40,290 460 668 1,205 921 288 1,212 16,350 14,474 36,880 Account number 100 110 120 130 140 150 160 170 171 180 181 200 210 220 230 280 300 310 400 410 420 430 500 510 520 530 540 Account Cash Cash float Accounts receivable Inventory - food Inventory - packaging Prepaid advertising Prepaid insurance Motor vehicles (cost) Accumulated depreciation - motor vehicles Store equipment (cost) Accumulated depreciation - store equipment Accounts payable PAYG withholding payable Superannuation payable Wages payable Bank loan Owner's capital Owner's drawings Sales income Sales returns and allowances Discounts received Delivery income Food purchases Purchase returns and allowances Packaging costs Discount given Freight inwards Accountancy fees Advertising expense Bank charges Depreciation Electricity and gas expense 15,578 13,781 1,176 273 1,384 18,885 59,676 41,712 183,561 49 537 55,310 13,652 274 77 1,278 600 3,798 605 610 615 620 861 6,958 3,028 PRINILKOLNJION D ALA 55,310 418 13,652 274 77 430 500 510 520 530 540 600 605 610 615 620 625 630 Delivery income Food purchases Purchase returns and allowances Packaging costs Discount given Freight inwards Accountancy fees Advertising expense Bank charges Depreciation Electricity and gas expense Insurance expense Interest expense Motor vehicles expense Printing, postage and stationery expense Rent expense Repairs and maintenance expense Sundry expenses Superannuation expense Telephone expense Wages expense 635 640 645 650 655 660 665 670 1,278 3,798 861 6,958 3,028 2,766 1,005 5,224 426 26,776 716 348 3,313 3,790 40,140 309,775 309,775 ADDITIONAL INFORMATION: The end of June stocktake has determined that the closing inventory value of food is $1,855 and packaging is $3,893. INSTRUCTIONS: If the balance or total of an account returns to zero, enter 0 in the required field. If an entry field does not require an answer, leave the field blank. TIPS: To avoid having to scroll up and down the question: - if printing is enabled, print out the parts (as required) - if printing is not enabled, copy and paste the required parts into a Word document and divide your screen between the question and the copied content. Save regularly using the "Save for later' button at the end of each part. egarding account names, click the 'Show list of accounts' button to view all of the accounts used in this question. For assistance regarding the account numbers, click the 'Hint' button to view the full chart of accounts. Predictive text can be used to assist entering the account titles when recording and posting information in the journals and ledger accounts, simply type in the first few letters to use the predictive text option. Excel templates/working documents have been designed to provide assistance if there is a preference to work offline and later enter the completed information online to submit for assessment. Date Description Post ref. Debit Credit 20xX June C (Close income accounts to profit or loss summary) (Close purchase returns and record closing inventory to profit or loss summary) | HH uh uuuuuu (Close opening inventory accounts and expenses to profit or loss summary) (Transfer profit or loss summary to owner's capital) (Close owner's drawings to owner's capital)
