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The table below includes information relating to the business activities of Accounting and Tax Service Pty Ltd for the month of June 2018. Transaction date

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The table below includes information relating to the business activities of Accounting and Tax Service Pty Ltd for the month of June 2018. Transaction date Transaction description Transaction amount ($) Provided tax services for two clients, and received 1-Jun cash for the services provided. 600 4-Jun Purchased a new photocopier for office use in cash. 5,230 Wages paid to employees for the previous two 15-Jun weeks. This expense was not recorded previously. 7,800 20-Jun Provided tax services for clients on account. 4,500 Paid the rental expense. This expense was not 30-Jun recorded previously. 2,300 Paid entertainment expense to celebrate the end of 30-Jun financial year. 1,500 Required: a) Prepare general journal entries to record the above transactions for the month ended 30 June 2018. Narrations ARE required. (15 marks) Answers: Date Account Debit Credit b) Complete the T account below for Cash at bank based on the journal entries you prepared in part a). Assume that the opening balance of Cash at bank is $50,000. You need to indicate the closing balance on the normal balance side. (7 marks) Cash at bank Date Explanation Amount Date Explanation Amount

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