TASK 3 Part B WEEK 8 You are provided with the EOM unadjusted ledger account closing balances. Complete with the postings from the Special Journals. Prepare: The Aug 30 Unadjusted trial balance CASH RECEIPTS JOURNAL DEBITS Bank Disc. Allow 87415.90 789.10 Date Aug. 1 Date Aug. 30 CREDITS Sales A/Rec's 44550.00 43655.00 Account EOM totals CASH PAYMENTS JOURNAL DEBITS Cheque # Other Acc's 19243.00 Date Account EOM totals A/Payable 52945.00 CREDITS Bank Disc. Rec'd 71180.00 1008.00 Aug. 30 CPJ "Other Expenditures" Account Freight inwards 7 Sales salaries Office salaries 8 Drawings 12 Electricity exp. 14 Sales salaries Office salaries 15 Drawings Delivery exp. 19 Telephone exp. 21 Sales salaries Office salaries 22 Drawings 26 Legal & Acctg. Exp 28 Purchases Sales salaries Office salaries EOM totals PURCHASE JOURNAL Terms Other Acc's 200.00 1800.00 700.00 600.00 525.00 1800.00 700.00 780.00 368.00 620.00 1800.00 700.00 800.00 350.00 5000.00 1800.00 700.00 19243.00 Inv Date Account name EOM totals Purchases 44350.00 A/Payable 44350.00 Aug. 30 Inv Date Account name EOM totals SALES JOURNAL Sales 58395.00 Deliv. Exp 335.00 A/Receivable 58730.00 Aug. 30 THE BRIGHT SPOT GENERAL LEDGER CURRENT ASSETS 11 CASH AT BANK Debit PLANT ASSETS Date Particulars Aug-01 Balb/d 30 CRJ CP) Credit Balance $ 40,125.00 $ 127,540.90 $ 71,180.00 $ 56,360.90 STORE EQUIPMENT AT COST Debit Credit $ 87,415.90 Date Particulars Aug-01 Balb/ Balance $ 22,500.00 Date Particulars Aug-01 Balb/d 30S ACCOUNTS RECEIVABLE CONTROL Debit Credit Balance $ 4,725.00 $ 58,730.00 $ 63,455.00 $ 43,655.00 $ 19,800.00 STORE EQUIPMENT ACCUM. DEPRECIATION Date Particulars Debit Aug-01 Balb/d $ 8,900.00 Credit Balance CRI INVENTORY Debit DELIVERY TRUCK AT COST Debit Credit Credit Date Particulars Aug-01 Balb/d Balance $ 100,174.00 Date Particulars Aug-01 Balb/d Balance 23,000.00 $ SUPPLIES ON HAND Debit DELIVERY TRUCK ACCUM. DEPRECIATION Date Particulars Debit Credit Aug-01 Balb/d $ 6,500.00 Balance Credit Date Particulars Aug-01 Balb/d GJ - Rubber Barons $ $ Balance 516.00 561.00 $ 45.00 PREPAID RENT Debit Credit Date Particulars Aug-01 Balb/d Balance 500.00 $ PREPAID INSURANCE Debit Date Credit Particulars Aug-01 Balb/d Balance 800.00 $ OWNER'S EQUITY CAPITAL Debit Credit CURRENT LIABILITIES ACCOUNTS PAYABLE CONTROL Date Particulars Debit Credit Balance Aug-01 Balb/d $ 36,150.00 30 PJ & J $45 $ 44,395.00$ 80,545.00 CP) $ 52,945.00 $ 27,600.00 Date Particulars Aug-01 Balb/d Balance $ 154,940.00 Credit Balance Balance DRAWINGS Debit 16,000.00 2,180.00 SALES SALARIES PAYABLE Debit $ $ 900.00 Date Particulars Aug-01 Balb/d Reversal Date Particulars Aug-01 Balb/d 30 Bank Credit 900.00 $ $ $ 18,180.00 $ INCOME SUMMARY Debit Date Particulars Credit Balance Balance Date Particulars Aug-01 Balb/d Reversal OFFICE SALARIES PAYABLE Debit $ $ 300.00 Credit 300.00 Balance Date Particulars Aug-01 Balb/d Reversal TELEPHONE PAYABLE Debit $ $ 400.00 Credit 400.00 Balance Date Particulars Aug-01 Balb/d Reversal ELECTRICITY PAYABLE Debit $ $ 250.00 Credit 250.00 REVENUE SALES Debit Date Particulars Aug-30 SJ CRU Credit Balance $ 58,395.00 $ 58,395.00 $ 44,550.00 $ 102,945.00 ADMINISTRATIVE AND OTHER EXPENSES OFFICE SALARIES EXPENSE Date Particulars Debit Credit Aug-01 Reversal $ 300.00 $ 30CP) $ 2,800.00 $ Balance 300.00 2,500.00 Date Particulars Aug-30CP) DISCOUNT RECEIVED Debit $ Credit 1,008.00 $ Balance 1,008.00 RENT EXPENSE Debit Date Particulars Credit Balance COST OF GOODS SOLD Credit Credit Date Particulars Aug-30 PJ CPJ (Sparkle Lightg) PURCHASES Debit $ 44,350.00 $ 5,000.00 Balance $ 44,350.00 $ 49,350.00 Date Particulars 1 Reversal Aug-30CP) TELEPHONE EXPENSE Debit $ $ 620.00 400.00 $ $ Balance 400.00 220.00 FREIGHT INWARDS Debit $ 200.00 Credit Date Particulars Aug-01CP) Balance Balance 200.00 LEGAL AND ACCOUNTING FEES EXPENSE Date Particulars Debit Credit Aug-30CP) $ 350.00 $ $ 350.00 SELLING EXPENSES INSURANCE EXPENSE Debit Date Particulars Credit Balance Date Particulars Aug-01 Reversal 30CP) SALES SALARIES EXPENSE Debit $ $ 7,200.00 Credit 900.00 $ $ Balance 900.00 6,300.00 DISCOUNT ALLOWED Debit $ 789.10 Date Particulars Aug-30 CRI Credit Balance 789.10 $ SUPPLIES EXPENSE Debit Date Particulars Credit Balance Date Particulars Aug-30 SJ CPJ DELIVERY EXPENSE Debit $ $ 368.00 Credit 335.00 $ $ Balance 335.00 33.00 Date Particulars Aug-01 Reversal CP) ELECTRICITY EXPENSE Debit $ $ 525.00 Credit 250.00 $ $ Balance 250.00 275.00 The Bright Spot. Unadjusted Trial Balance 31/8/20XX Cash at Bank Accounts Receivable Inventory Office Supplies on hand Prepaid rent Prepaid insurance Store Equipment Store Equipment Acc Dpn Delivery Truck Delivery Truck Acc Dpn Accounts Payable Sales salaries payable Office salaries payable Telephone payable Electricity payable Capital Drawings Sales Discount received Purchases Freight inwards Sales salaries expense Supplies expense Delivery expense Electricity expense Office salaries expense Telephone expense Legal & Acctg. Fees expense Discount allowed TOTAL