GENERAL LEDGER Name: BANK ACCOUNT Acct No.: 100 Date Details Post Ref Debit Date
ID: 2606709 • Letter: G
Question
GENERAL LEDGER
Name: BANK ACCOUNT
Acct No.: 100
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
14,632.20
June
30
Payments
CPJ12
16,535.42
30
Receipts
CRJ14
9,122.24
July
Name: PETTY CASH
Acct No.: 105
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
200.00
Name: ACCOUNTS RECEIVABLE
Acct No.: 110
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
5,760.00
June
30
Bank Account
CRJ14
6,885.60
30
Sales
SJ10
8,695.60
July
Name: PREPAID INSURANCE
Acct No.: 120
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
381.25
June
30
Insurance
GJ20
381.25
Name: PREPAID RATES AND TAXES
Acct No.: 130
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
164.75
June
30
Rates and Taxes
GJ20
164.75
Name: GST PAID (OUTLAYS)
Acct No.: 140
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
1,905.75
June
27
Accounts Payable
GJ20
15.00
30
Accounts Payable
PJ11
527.46
30
Bank Account
CPJ12
12.60
30
Bank Account
CPJ12
90.49
July
Name: BUILDINGS AND IMPROVEMENTS (COST)
Acct No.: 160
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
350,000.00
Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS
Acct No.: 161
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
43,750.00
30
Depreciation
GJ20
729.00
Name: HIRE EQUIPMENT (COST)
Acct No.: 170
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
108,000.00
June
17
Bank Account
CRJ14
599.09
6
Accounts Payable
PJ11
2,418.18
17
Accumulated Depreciation
GJ20
183.91
26
Accounts Payable
PJ11
1,500.00
27
Accounts Payable
GJ20
150.00
July
Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT
Acct No.: 171
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
17
HECost/Profit
GJ20
464.00
June
1
Balance
67,500.00
30
Depreciation
GJ20
1,924.00
July
Name: MOTOR VEHICLES (COST)
Acct No.: 180
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
29,900.00
Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES
Acct No.: 181
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
8,970.00
30
Depreciation
GJ20
498.00
Name: STORE EQUIPMENT (COST)
Acct No.: 190
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
14,700.00
Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT
Acct No.: 191
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
6,615.00
30
Depreciation
GJ20
184.00
Name: ACCOUNTS PAYABLE
Acct No.: 200
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
27
Hire Equipment/GST
GJ20
165.00
June
1
Balance
5,824.00
30
Bank Account
CPJ12
6,131.00
30
Purchases
PJ11
5,802.00
July
Name: GST COLLECTED
Acct No.: 210
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
30
Bank Account
CRJ14
30.96
June
1
Balance
5,745.90
30
Accounts Receivable
SJ10
790.51
30
Bank Account
CRJ14
234.29
July
Name: PAYG WITHHOLDING PAYABLE
Acct No.: 220
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
1,120.00
28
Bank Account
CPJ12
540.00
GENERAL LEDGER
Name: BANK ACCOUNT
Acct No.: 100
Date
Details
Post Ref
Debit
Date
Details
Post Ref
Credit
June
1
Balance
14,632.20
June
30
Payments
CPJ12
16,535.42
30
Receipts
CRJ14
9,122.24
July
Pro Diver Adjusted Trial Balance as at 30 June 20Xx Account Number 100 105 110 120 130 140 160 161 Account Debit Credit Bank Account Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumula 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 7,219.02 200.00 7,570.00 2,496.10 350,000.00 ted Depreciation - Bldgs and 44,479.00 170 110,985.18 68,960.00 180 181 190 191 200 210 220 230 240 280 310 29,900.00 9,468.00 14,700.00 6,799.00 5,330.00 6,739.74 1,660.00 414.00 80.00 219,191.67 151,156.00Explanation / Answer
Hire service income 1,27,248.91 Lesson income 20,810.00 Discounts received 518.05 Freight collected 85.00 Profit on sale of PPE 280.09 Income summary 1,48,942.05 [ To close income accounts] Advertising 2,150.00 Bank charges 127.10 Cleaning 900.00 Depreciation 38,658.00 Discounts given 309.60 Electricity 3,480.50 Freight expense 1,113.26 Insurance 4,575.00 Interest expense 15,194.47 Motor vehicle expense 2,610.00 Office supplies 118.80 Printing and postage 164.55 Rates and taxes 1,977.00 Repairs and maintenance 995.00 Diving instruction charges 14,915.45 Staff amenities 260.83 Superannuation 1,818.00 Telephone 1,479.60 Wages and salaries 20,280.00 Income summary [To close expense accounts 1,11,127.16 Income summary 37,814.89 Capital 37,814.89 [To close profit for the year] Capital 1,51,156.00 Drawings 1,51,156.00 [ Toclose drawings]
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