The adjusted trial balance for Pro Driver is shown below.
Question 1 The adjusted trial balance for Pro Diver is shown below. Debit Credit Account Number 100 105 7,280.57 200.00 7,545.00 110 120 130 140 2,504.19 350,000.00 160 161 44,479.00 170 110,974.36 171 Pro Diver Adjusted Trial Balance as at 30 June 20xx Account Bank Account Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumulated Depreciation - Bldgs and Improvements Hire Equipment (Cost) Accumulated Depreciation - Hire Equipment Motor Vehicles (Cost) Accumulated Depreciation - Motor Vehicles Store Equipment (Cost) Accumulated Depreciation - Store Equipment Accounts Payable GST Collected PAYG Withholding Payable Superannuation Payable Wages and Salaries Payable Bank Loan Capital Drawings Hire Service Income Lesson Income 68,924.00 180 29,900.00 181 9,468.00 190 14,700.00 191 200 210 6,799.00 5,402.00 6,738.16 1,660.00 414.00 220 230 240 80.00 280 219,191.67 151,156.00 310 315 38,951.00 400 127,228.54 30,810.00 410 420 518.92 85.00 291.64 430 440 600 605 610 615 620 625 630 635 640 Discounts Received Freight Collected Profit on Sale of PPE Advertising Bank Charges Cleaning Depreciation Discounts Given Electricity Freight Expense Insurance Interest Expense Motor Vehicle Expenses Office Supplies Printing and Postage Rates and Taxes Repairs and Maintenance Diving Instruction Charges Staff Amenities Superannuation Telephone Wages and Salaries 645 650 655 660 665 670 675 680 2,150.00 127.10 900.00 38,658.00 309.60 3,480.50 1,112.35 4,575.00 15,194.47 2,610.00 118.80 163.65 1,977.00 995.00 14,980.91 260.83 1,818.00 1,479.60 20,280.00 673,245.93 685 690 673,245.93 INSTRUCTIONS: . In all parts of this question, enter amounts with a comma for thousands and to two decimal places. For example, enter two thousand as 2,000.00 Enter negative amounts using a hyphen. For example, -2,000.00. . If the balance or total returns to zero, enter 0.00 in the required field. If an entry field does not require an answer, leave the field blank. part (k) part (k) Click here to access specific templates/working documents designed to assist in answering the question if you prefer to work ofline. Please note the assessment will still need to be completed online to be submitted for grading Using the adjusted trial balance above, complete the general journal entries to close off the accounts for the end of the reporting period, post to and balance the general ledger accounts. (Note: Enter accounts in ascending account number order according to the chart of accounts.) GENERAL JOURNAL Page: 20 Date Description Post Ref Debit Credit 605 310 390 GJ20 bild 400 315 GJ21 650 675 655 410 680 4.40 660 (To close income accounts) AL Post Ref Page 21 GENER Description Date Debit Credit June 685 610 . . 565 . 615 420 600 670 620 625 630 . . Page: 21 GENERAL JOURNAL Description Post Ref Date Debit Credit June + . + (To close expense accounts) (To transfer profit for the year) (To close drawings to capital account) GENERAL LEDGER Name: BANK ACCOUNT Post Ref Debit Date June 1 Details Balance Date 14,632.20 June 30 9,129.84 Details Payments Post Ref CPJ12 Acct No.: 100 Credit 16,481.47 30 Receipts CRU14 : July . . Name: PETTY CASH Date Details June Balance Acct No. 105 Credit Post Ref Debit Date Details 200.00 Post Ref Debit Name: ACCOUNTS RECEIVABLE Date Details June 1 Balance 30 Sales Date 5,760.00 Dune 30 8,670.60 Details Bank Account Acct No.: 110 Credit 6,885.60 c/d 685 645 605 410 620 600 625 680 610 400 660 GJ20 615 665 390 420 630 430 GJ21 655 670 675 440 635 690 650 640 b/d 310 315 SJ10 . July . Name: PREPAID INSURANCE Date Details June Balance Post Ref Debit Details Date 381.25 June 30 Acct No.: 120 Credit 381.25 Insurance Name: PREPAID RATES AND TAXES Date Details June Balance Post Ref Debit Date 164.75 June 30 Details Rates and Taxes Acct No.: 130 Credit 164.75 Acct No.: 140 Credit Post Ref Debit Date Name: GST PAID (OUTLAYS) Date Details June 1 Balance 30 Accounts Payable 30 Bank Account 1,905.75 June 535.73 27 30 Details Accounts Payable Bank Account 15.00 Post Ref GJ20 CP)12 P311 12.68 CPJ12 90.39 : # July . Name: BUILDINGS AND IMPROVEMENTS (COST) Date Details Post Ref June Balance Acct No. 160 Credit Date Details Post Ref Debit 350,000.00 Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS Date Details Post Ref Debit Post Ref Date 1 30 June Acct No. 161 Credit 43,750.00 729.00 Details Balance Depreciation GJ20 Acc No. 170 Date Post Ref Credit Name: HIRE EQUIPMENT (COST) Details June 1 Balance Accounts Payable 26 Accounts Payable Debit Date 108,000.00 June 17 2.436.36 17 1,500.00 27 Details Bank Account Accumulated Depreciation Accounts Payable Post Ref CRU14 GJ20 P311 PJ11 603.64 208.36 150.00 GJ20 . July . Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT Date Details Post Ref June 17 HECost/Profit GJ20 Debit Date Details Post Ref Acct No.: 171 Credit 67,500.00 1,924.00 500.00 June 1 Balance Depreciation . 30 GJ20 July . . Name: MOTOR VEHICLES (COST) Date Details June 1 Balance Acct No. 180 Credit Post Ref Debit Date Details Post Ref 29,900.00 Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES Date Details Post Ref Debit Post Ref Date June 1 30 Details Balance Depreciation Acct No. 181 Credit 8,970.00 498.00 GJ20 Name: STORE EQUIPMENT (COST) Date Details June Balance Acct No.: 190 Credit Post Ref Date Details Post Ref Debit 14,700.00 Acct No.: 191 Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT Date Details Post Ref Debit Details Post Ref Credit Date June 1 30 6,615.00 Balance Depreciation GJ20 184.00 Acct No.: 200 Debit Date Details Post Ref Credit Name: ACCOUNTS PAYABLE Date Details Pung 27 Hire Equipment/GST 30 Bank Account Post Ref GI20 165.00 Pune 6,150.00 1 30 Balance Purchases 5,824.00 5,893.00 CP)12 P311 . July . . Name: GST COLLECTED Date Details June 30 Bank Account Debit Post Ref Post Ref CRU14 Date 1 Details Balance Acct No.: 210 Credit 5,745.90 30.96 June . . 30 Accounts Receivable SJ10 788.24 30 Bank Account CRU14 234.98 July . Name: PAYG WITHHOLDING PAYABLE Date Details Post Ref Debit Post Ref Date 1 Details Balance Acct No.: 220 Credit 1.120.00 540.00 June 28 Bank Account CP)12 Acct No.: 230 Name: SUPERANNUATION PAYABLE Date Details June 25 Bank Account Debit Post Ref Credit Post Ref CP)12 Date 432.00 June 1 30 Details Balance Superannuation 432.00 414.00 GJ20 Name: WAGES AND SALARIES PAYABLE Date Details Post Ref Debit Date 30 Details Wages and Salaries Post Ref GI20 Acct No.: 240 Credit 80.00 June Name: BANK LOAN Date Details June 1 Bank Account Debit Date Details Post Ref Post Ref CPJ12 Acct No.: 280 Credit 220,000.00 2,000.00 Dune 1 Balance 30 Interest Expense GJ20 1,191.67 July . Namel CAPITAL Date Details Post Ref Debit Date Details Post Ref Acct No.: 310 Credit 151,156.00 Sune June 1 Balance . . . July . Acct No.: 315 Name: DRAWINGS Date Details Post Ref Date Details Post Ref Credit Debit 36,000.00 Sune June 1 Balance . 12 Bank Account CP312 2,951.00 Name: PROFIT OR LOSS SUMMARY Date Details Acct No.: 390 Credit Post Ref Debit Date Details Post Ref June June . Name: HIRE SERVICE INCOME Date Details June . Acct No.: 400 Credit Post Ref Debit Date Details Post Ref June 1 122,880.00 30 Balance Accounts Receivable Bank Account SJ10 CRU14 3,802.36 546.18 30 Name: LESSON INCOME Date Details June Acct No.: 410 Credit Post Ref Debit Date Post Ref . June 1 Details Balance Accounts Receivable Bank Account 30 30 SJ10 CRU14 25,530.00 4,080.00 1,200.00 Name: DISCOUNTS RECEIVED Date Details June : Acct No.: 420 Credit Post Ref Debit Date Details Post Ref . June 1 Balance 392.10 30 Bank Account CP312 126.82 Name: FREIGHT COLLECTED Date Details Acct No.: 430 Credit Post Ref Debit Date Details Post Ref June . : June 1 Balance 85.00 Name: PROFIT ON SALE OF PPE Date Details Dune Acct No.: 440 Credit Post Ref Debit Date Details Post Ref : June 17 Hire Equipment GJ20 291.64 Name: ADVERTISING Date Details June 1 Balance Acct No.: 600 Credit Post Ref Debit Date Details Post Ref 2,150.00 June Acct No.: 605 Post Ref Debit Date Details Post Ref Credit Name: BANK CHARGES Date Details June 1 Balance 1 Bank Account . 112.40 June 14.70 CPJ12 Acc No.1 610 Name: CLEANING Date Details Post Ref Debit Date Details Post Ref Credit June 11 Balance 800.00 June . 28 Bank Account CP)12 100.00 Acct No.: 615 Name: DEPRECIATION Date Details Post Ref Debit Date Details Post Rer Credit June 1 + Balance Accumulated Depreciation 35,323.00 June 3,335.00 30 GJ20 Acct No.: 620 Name: DISCOUNTS GIVEN Date Details June 30 Bank Account Post Ref Debit Date Details Post Ref Credit CR114 309.60 June Name: ELECTRICITY Date Details June 1 Balance Acct No.: 625 Credit Post Ref Debit Date Details Post Ref 3,480.50 June Acct No.: 630 Name: FREIGHT EXPENSE Date Details June 1 Balance Post Ref Debit Date Details Post Ref Credit 962.35 Pune 30 Accounts Payable P311 150.00 Acct No.: 635 Post Ref Debit Date Details Post Rer Credit Name: INSURANCE Date Details June 1 Balance 30 Prepaid Insurance 4,193.75 June 381.251 GJ20 Name: INTEREST EXPENSE Date Details Acct No.: 640 Credit Post Ref Debit Date Details Post Ref June 1 Balance 14,002.80 Sune : . 30 Bank Loan GJ20 1,191.67 Acct No.1 645 Credit Post Ref Debit Date Details Post Ref Name: MOTOR VEHICLE EXPENSES Date Details June 1 Balance 20 Bank Account 2,530.00 June . CPJ12 80.00 Name: OFFICE SUPPLIES Date Details Acct No.: 650 Credit Post Ref Debit Date Details Post Ref June 1 Balance 118.80 Sune # Acct No. 655 Credit Post Ref Debit Details Post Ref Name: PRINTING AND POSTAGE Date Details June 1 Balance 12 Petty Cash Date 109.10 Pune . CP)12 54.55 Name: RATES AND TAXES Date Details Acct No.: 660 Credit Post Ref Debit Date Details Post Ref June 1 1,812.25 June . : Balance Prepaid Rates and Taxes 30 GJ20 164.75 Acct No.: 665 Name: REPAIRS AND MAINTENANCE Date Details Post Ref Debit Date Details Post Ref Credit June 1 675.00 June . . Balance Bank Account 24 CP312 320.00 Name: DIVING INSTRUCTION CHARGES Date Details June 1 Balance Acct No. 670 Credit Post Ref Details Post Ref Debit Date 13,710.00 June 1,270.91 . 17 Accounts Payable P311 Name: STAFF AMENITIES Date Details June 1 Balance Acct No.: 675 Credit Post Ref Debit Date Details Post Ref 234.70 June 15 Petty Cash CP312 26.13 Name: SUPERANNUATION Date Details Acct No.: 680 Credit Post Ref Debit Date Details Post Ref Sune 1 Balance 1,404.00 June : . 30 Superannuation Payable GJ20 414.00 Name: TELEPHONE Date Details Acct No. 685 Credit Post Ref Debit Date Details Post Ref June 1 Balance . 1,137.40 June 342.20 4 Bank Account CP)12 Acct No. 690 Credit Details Post Ref Debit Date Details Post Rer Name: WAGES AND SALARIES Date June 1 Balance 28 Bank Account 30 Wages and Salaries Payable 0 CP)12 GJ20 15,600.00 June 4,600.00 80.00 List of Accounts Question 1 Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Depreciation - Bldgs and Improvements Accumulated Depreciation - Hire Equipment Accumulated Depreciation - Motor Vehicles Accumulated Depreciation - Store Equipment Adventure Tours Advertising Balance Bank Account Bank Account/Discounts Given/GST Collected Bank Account/Discounts Received/GST Paid (Outlays) Bank Account/Petty Cash Bank Charges Bank Loan Beach and Reef Holidays Budget Diving Tours Building and improvements (Cost) Cairns Coral Divers Capital Cash Sale #3357 Cash Sale #3359 Cleaning Coral Divers Imports Coral Divers Imports/Hire Equipment (Cost) Coral Holiday Resort Depreciation Discounts Given Discounts Received Diving Down Under Diving Down Under/Hire Equipment (Cost) Diving Instruction Charges Drawings Electricity Expenses Freight Collected Freight Expense GST Collected GST Collected/Other GST Paid (Outlays) GST Paid (Outlays)/Other HECost/Profit Hire Equipment (Cost) Hire Equipment (Cost)/GST Paid (Outlays) Hire Equipment (Cost)/Profit on Sale of PPE Hire Equipment/GST Hire Service Income Hire Service Income/GST Collected Hire Service Income/Lesson Income/GST Collected Question 1 The adjusted trial balance for Pro Diver is shown below. Debit Credit Account Number 100 105 7,280.57 200.00 7,545.00 110 120 130 140 2,504.19 350,000.00 160 161 44,479.00 170 110,974.36 171 Pro Diver Adjusted Trial Balance as at 30 June 20xx Account Bank Account Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumulated Depreciation - Bldgs and Improvements Hire Equipment (Cost) Accumulated Depreciation - Hire Equipment Motor Vehicles (Cost) Accumulated Depreciation - Motor Vehicles Store Equipment (Cost) Accumulated Depreciation - Store Equipment Accounts Payable GST Collected PAYG Withholding Payable Superannuation Payable Wages and Salaries Payable Bank Loan Capital Drawings Hire Service Income Lesson Income 68,924.00 180 29,900.00 181 9,468.00 190 14,700.00 191 200 210 6,799.00 5,402.00 6,738.16 1,660.00 414.00 220 230 240 80.00 280 219,191.67 151,156.00 310 315 38,951.00 400 127,228.54 30,810.00 410 420 518.92 85.00 291.64 430 440 600 605 610 615 620 625 630 635 640 Discounts Received Freight Collected Profit on Sale of PPE Advertising Bank Charges Cleaning Depreciation Discounts Given Electricity Freight Expense Insurance Interest Expense Motor Vehicle Expenses Office Supplies Printing and Postage Rates and Taxes Repairs and Maintenance Diving Instruction Charges Staff Amenities Superannuation Telephone Wages and Salaries 645 650 655 660 665 670 675 680 2,150.00 127.10 900.00 38,658.00 309.60 3,480.50 1,112.35 4,575.00 15,194.47 2,610.00 118.80 163.65 1,977.00 995.00 14,980.91 260.83 1,818.00 1,479.60 20,280.00 673,245.93 685 690 673,245.93 INSTRUCTIONS: . In all parts of this question, enter amounts with a comma for thousands and to two decimal places. For example, enter two thousand as 2,000.00 Enter negative amounts using a hyphen. For example, -2,000.00. . If the balance or total returns to zero, enter 0.00 in the required field. If an entry field does not require an answer, leave the field blank. part (k) part (k) Click here to access specific templates/working documents designed to assist in answering the question if you prefer to work ofline. Please note the assessment will still need to be completed online to be submitted for grading Using the adjusted trial balance above, complete the general journal entries to close off the accounts for the end of the reporting period, post to and balance the general ledger accounts. (Note: Enter accounts in ascending account number order according to the chart of accounts.) GENERAL JOURNAL Page: 20 Date Description Post Ref Debit Credit 605 310 390 GJ20 bild 400 315 GJ21 650 675 655 410 680 4.40 660 (To close income accounts) AL Post Ref Page 21 GENER Description Date Debit Credit June 685 610 . . 565 . 615 420 600 670 620 625 630 . . Page: 21 GENERAL JOURNAL Description Post Ref Date Debit Credit June + . + (To close expense accounts) (To transfer profit for the year) (To close drawings to capital account) GENERAL LEDGER Name: BANK ACCOUNT Post Ref Debit Date June 1 Details Balance Date 14,632.20 June 30 9,129.84 Details Payments Post Ref CPJ12 Acct No.: 100 Credit 16,481.47 30 Receipts CRU14 : July . . Name: PETTY CASH Date Details June Balance Acct No. 105 Credit Post Ref Debit Date Details 200.00 Post Ref Debit Name: ACCOUNTS RECEIVABLE Date Details June 1 Balance 30 Sales Date 5,760.00 Dune 30 8,670.60 Details Bank Account Acct No.: 110 Credit 6,885.60 c/d 685 645 605 410 620 600 625 680 610 400 660 GJ20 615 665 390 420 630 430 GJ21 655 670 675 440 635 690 650 640 b/d 310 315 SJ10 . July . Name: PREPAID INSURANCE Date Details June Balance Post Ref Debit Details Date 381.25 June 30 Acct No.: 120 Credit 381.25 Insurance Name: PREPAID RATES AND TAXES Date Details June Balance Post Ref Debit Date 164.75 June 30 Details Rates and Taxes Acct No.: 130 Credit 164.75 Acct No.: 140 Credit Post Ref Debit Date Name: GST PAID (OUTLAYS) Date Details June 1 Balance 30 Accounts Payable 30 Bank Account 1,905.75 June 535.73 27 30 Details Accounts Payable Bank Account 15.00 Post Ref GJ20 CP)12 P311 12.68 CPJ12 90.39 : # July . Name: BUILDINGS AND IMPROVEMENTS (COST) Date Details Post Ref June Balance Acct No. 160 Credit Date Details Post Ref Debit 350,000.00 Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS Date Details Post Ref Debit Post Ref Date 1 30 June Acct No. 161 Credit 43,750.00 729.00 Details Balance Depreciation GJ20 Acc No. 170 Date Post Ref Credit Name: HIRE EQUIPMENT (COST) Details June 1 Balance Accounts Payable 26 Accounts Payable Debit Date 108,000.00 June 17 2.436.36 17 1,500.00 27 Details Bank Account Accumulated Depreciation Accounts Payable Post Ref CRU14 GJ20 P311 PJ11 603.64 208.36 150.00 GJ20 . July . Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT Date Details Post Ref June 17 HECost/Profit GJ20 Debit Date Details Post Ref Acct No.: 171 Credit 67,500.00 1,924.00 500.00 June 1 Balance Depreciation . 30 GJ20 July . . Name: MOTOR VEHICLES (COST) Date Details June 1 Balance Acct No. 180 Credit Post Ref Debit Date Details Post Ref 29,900.00 Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES Date Details Post Ref Debit Post Ref Date June 1 30 Details Balance Depreciation Acct No. 181 Credit 8,970.00 498.00 GJ20 Name: STORE EQUIPMENT (COST) Date Details June Balance Acct No.: 190 Credit Post Ref Date Details Post Ref Debit 14,700.00 Acct No.: 191 Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT Date Details Post Ref Debit Details Post Ref Credit Date June 1 30 6,615.00 Balance Depreciation GJ20 184.00 Acct No.: 200 Debit Date Details Post Ref Credit Name: ACCOUNTS PAYABLE Date Details Pung 27 Hire Equipment/GST 30 Bank Account Post Ref GI20 165.00 Pune 6,150.00 1 30 Balance Purchases 5,824.00 5,893.00 CP)12 P311 . July . . Name: GST COLLECTED Date Details June 30 Bank Account Debit Post Ref Post Ref CRU14 Date 1 Details Balance Acct No.: 210 Credit 5,745.90 30.96 June . . 30 Accounts Receivable SJ10 788.24 30 Bank Account CRU14 234.98 July . Name: PAYG WITHHOLDING PAYABLE Date Details Post Ref Debit Post Ref Date 1 Details Balance Acct No.: 220 Credit 1.120.00 540.00 June 28 Bank Account CP)12 Acct No.: 230 Name: SUPERANNUATION PAYABLE Date Details June 25 Bank Account Debit Post Ref Credit Post Ref CP)12 Date 432.00 June 1 30 Details Balance Superannuation 432.00 414.00 GJ20 Name: WAGES AND SALARIES PAYABLE Date Details Post Ref Debit Date 30 Details Wages and Salaries Post Ref GI20 Acct No.: 240 Credit 80.00 June Name: BANK LOAN Date Details June 1 Bank Account Debit Date Details Post Ref Post Ref CPJ12 Acct No.: 280 Credit 220,000.00 2,000.00 Dune 1 Balance 30 Interest Expense GJ20 1,191.67 July . Namel CAPITAL Date Details Post Ref Debit Date Details Post Ref Acct No.: 310 Credit 151,156.00 Sune June 1 Balance . . . July . Acct No.: 315 Name: DRAWINGS Date Details Post Ref Date Details Post Ref Credit Debit 36,000.00 Sune June 1 Balance . 12 Bank Account CP312 2,951.00 Name: PROFIT OR LOSS SUMMARY Date Details Acct No.: 390 Credit Post Ref Debit Date Details Post Ref June June . Name: HIRE SERVICE INCOME Date Details June . Acct No.: 400 Credit Post Ref Debit Date Details Post Ref June 1 122,880.00 30 Balance Accounts Receivable Bank Account SJ10 CRU14 3,802.36 546.18 30 Name: LESSON INCOME Date Details June Acct No.: 410 Credit Post Ref Debit Date Post Ref . June 1 Details Balance Accounts Receivable Bank Account 30 30 SJ10 CRU14 25,530.00 4,080.00 1,200.00 Name: DISCOUNTS RECEIVED Date Details June : Acct No.: 420 Credit Post Ref Debit Date Details Post Ref . June 1 Balance 392.10 30 Bank Account CP312 126.82 Name: FREIGHT COLLECTED Date Details Acct No.: 430 Credit Post Ref Debit Date Details Post Ref June . : June 1 Balance 85.00 Name: PROFIT ON SALE OF PPE Date Details Dune Acct No.: 440 Credit Post Ref Debit Date Details Post Ref : June 17 Hire Equipment GJ20 291.64 Name: ADVERTISING Date Details June 1 Balance Acct No.: 600 Credit Post Ref Debit Date Details Post Ref 2,150.00 June Acct No.: 605 Post Ref Debit Date Details Post Ref Credit Name: BANK CHARGES Date Details June 1 Balance 1 Bank Account . 112.40 June 14.70 CPJ12 Acc No.1 610 Name: CLEANING Date Details Post Ref Debit Date Details Post Ref Credit June 11 Balance 800.00 June . 28 Bank Account CP)12 100.00 Acct No.: 615 Name: DEPRECIATION Date Details Post Ref Debit Date Details Post Rer Credit June 1 + Balance Accumulated Depreciation 35,323.00 June 3,335.00 30 GJ20 Acct No.: 620 Name: DISCOUNTS GIVEN Date Details June 30 Bank Account Post Ref Debit Date Details Post Ref Credit CR114 309.60 June Name: ELECTRICITY Date Details June 1 Balance Acct No.: 625 Credit Post Ref Debit Date Details Post Ref 3,480.50 June Acct No.: 630 Name: FREIGHT EXPENSE Date Details June 1 Balance Post Ref Debit Date Details Post Ref Credit 962.35 Pune 30 Accounts Payable P311 150.00 Acct No.: 635 Post Ref Debit Date Details Post Rer Credit Name: INSURANCE Date Details June 1 Balance 30 Prepaid Insurance 4,193.75 June 381.251 GJ20 Name: INTEREST EXPENSE Date Details Acct No.: 640 Credit Post Ref Debit Date Details Post Ref June 1 Balance 14,002.80 Sune : . 30 Bank Loan GJ20 1,191.67 Acct No.1 645 Credit Post Ref Debit Date Details Post Ref Name: MOTOR VEHICLE EXPENSES Date Details June 1 Balance 20 Bank Account 2,530.00 June . CPJ12 80.00 Name: OFFICE SUPPLIES Date Details Acct No.: 650 Credit Post Ref Debit Date Details Post Ref June 1 Balance 118.80 Sune # Acct No. 655 Credit Post Ref Debit Details Post Ref Name: PRINTING AND POSTAGE Date Details June 1 Balance 12 Petty Cash Date 109.10 Pune . CP)12 54.55 Name: RATES AND TAXES Date Details Acct No.: 660 Credit Post Ref Debit Date Details Post Ref June 1 1,812.25 June . : Balance Prepaid Rates and Taxes 30 GJ20 164.75 Acct No.: 665 Name: REPAIRS AND MAINTENANCE Date Details Post Ref Debit Date Details Post Ref Credit June 1 675.00 June . . Balance Bank Account 24 CP312 320.00 Name: DIVING INSTRUCTION CHARGES Date Details June 1 Balance Acct No. 670 Credit Post Ref Details Post Ref Debit Date 13,710.00 June 1,270.91 . 17 Accounts Payable P311 Name: STAFF AMENITIES Date Details June 1 Balance Acct No.: 675 Credit Post Ref Debit Date Details Post Ref 234.70 June 15 Petty Cash CP312 26.13 Name: SUPERANNUATION Date Details Acct No.: 680 Credit Post Ref Debit Date Details Post Ref Sune 1 Balance 1,404.00 June : . 30 Superannuation Payable GJ20 414.00 Name: TELEPHONE Date Details Acct No. 685 Credit Post Ref Debit Date Details Post Ref June 1 Balance . 1,137.40 June 342.20 4 Bank Account CP)12 Acct No. 690 Credit Details Post Ref Debit Date Details Post Rer Name: WAGES AND SALARIES Date June 1 Balance 28 Bank Account 30 Wages and Salaries Payable 0 CP)12 GJ20 15,600.00 June 4,600.00 80.00 List of Accounts Question 1 Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Depreciation - Bldgs and Improvements Accumulated Depreciation - Hire Equipment Accumulated Depreciation - Motor Vehicles Accumulated Depreciation - Store Equipment Adventure Tours Advertising Balance Bank Account Bank Account/Discounts Given/GST Collected Bank Account/Discounts Received/GST Paid (Outlays) Bank Account/Petty Cash Bank Charges Bank Loan Beach and Reef Holidays Budget Diving Tours Building and improvements (Cost) Cairns Coral Divers Capital Cash Sale #3357 Cash Sale #3359 Cleaning Coral Divers Imports Coral Divers Imports/Hire Equipment (Cost) Coral Holiday Resort Depreciation Discounts Given Discounts Received Diving Down Under Diving Down Under/Hire Equipment (Cost) Diving Instruction Charges Drawings Electricity Expenses Freight Collected Freight Expense GST Collected GST Collected/Other GST Paid (Outlays) GST Paid (Outlays)/Other HECost/Profit Hire Equipment (Cost) Hire Equipment (Cost)/GST Paid (Outlays) Hire Equipment (Cost)/Profit on Sale of PPE Hire Equipment/GST Hire Service Income Hire Service Income/GST Collected Hire Service Income/Lesson Income/GST Collected
