About AAA Carpets And Rugs | Course Scholars

GENERAL JOURNAL
Date		Post
Description	Ref.	Debit	Credit
Sept
01-Sep	Bank Account	600	28,493.00
	Account Receivable	610	10,107.00
	Prepaid Expenses	620	600.00
	Inventory	630	25,350.00
	Cleaning Material	640	670.00
	Van	710	28,000.00
	Shop Fittings	720	4,500.00
	Account Payable	800		41,690.00
	Loan	830		18,500.00
	Capital	880		31,700.00
	Wages	805		400.00
	Electricity Expense	810		310.00
	Net GST payable	820		2,140.00
	Accumulated depreciation – Van	711		1,380.00
		Accumulated depreciation – Shop fittings	721		1,600.00






PURCHASES JOURNAL Page: 11
Date	P.O.			Post.		Cleaning	Freight	GST Paid	Accounts
No.	Account	Terms	Ref.	Inventory	materials	Paid	(Outlays)	Payable
Sept
3		Oriental Carpets			11000				Oriental Carpets
5		Persians Imports			4600				Persians Imports
6		Taba Tabai			3150				Taba Tabai
7		Klean King				308			Klean King
12		Persians Imports			15,650.00				Persians Imports
19		Oriental Carpets			4,000.00				Oriental Carpets
26		Taba Tabai			3,780.00				Taba Tabai
30		Klean King				217.80			Klean King
30
		TOTAL			42,180.00	525.80




SALES JOURNAL
	Inv.			Post	Cost of		GST	Accounts
Date	No.	Account	Terms	Ref.	Goods Sold	Sales	Collected	Receivable
Sept
2		Sorel Interiors			5,560.00	7,720.00		Sorel Interiors
4		Raver Rugs			6,950.00	9,880.00		Raver Rugs
	15		Cairo Carpets			9,150.00	12,870.00		Cairo Carpets
	17		Raver Rugs			2,890.00	4,110.00		Raver Rugs
20		Raver Rugs			4,380.00	6,220.00		Raver Rugs
24		Cairo Carpets			9,860.00	13710		Cairo Carpets
30		TOTAL			38,790.00	54,510.00






CASH PAYMENTS JOURNAL	JOURNAL
				Debits
		Cheque	Post	Accounts	GST Paid					Cash at	Discount	GST Paid
Date	Account	No.	Ref.	Payable	Rec’able	Wages	Vehicle	Drawings	Other	Bank	Received	Rec’able
Sept	Rent	309		Rent	660				5940	6600
1	Printing	310		Printing	47.30				425.70	473.00
2	Vehicle	311		Vehicle expenses	28.16		253.44			281.60
2	Cash regiater	313		Cash regiater	154.00				1,386.00	1,540.00
5	Electricity	312		Electricity					310.00	310.00
4	Import	314		Import					5,500.00	5,500.00
6	Wages	315		Wages		575.00				575.00
7	Wages	316		Wages		575.00				575.00
7	Loan	317		Loan					3,125.00	3,125.00
9	Oriental	318		Oriental					24,200.00	24,200.00
10	Withdrawal	319		Withdrawal				1,000.00		1,000.00
10	Inventory	320		Inventory					25,350.00	25,350.00
11	Wages	321		Wages		300.00				300.00
15	Wages	322		Wages		300.00				300.00
15	Telephone	323		Telephone	57.20				514.80	527.00
16	Inventory	324		Taba Tabai					11,990.00	11,990.00
18	Vehicle			GP Motors	32.50		292.50			325.00
21	GST	326		GST	2,140.00					2,140.00
24	persian Imports	327		persian imports					20,000.00	20,000.00
30	drawings	328	z	drawings				1,000.00		1,000.00
30	Klean King	329		cleaning Materials	30.80				277.20	308.00
				bank fee					34.00	34.00
					3,149.96	1,150.00	545.94	2,000.00	99,052.70	1,06,453.60






CASH RECEIPTS JOURNAL
Date					Debits		Credits
	Post	Disc	GST	Cash at	Cost of	Cash			Accounts	GST
Account	Ref.	Exp	Coll	Bank	Goods Sold	Sales	Cleaning	Repairs	Receivable	Collected	Other
Sept
3	Sorel Interiors				2990					2990.00
8	Sales				5830.00	4160.00	5830
11	cleaning				630			630.00
11	Repair				700.00				700.00
12	Raver Rugs				3410.00					3410.00
13	Cairo Carpets				3,707.00					3,707.00
17	cleaning				420.00			420.00
17	Repair				300.00				300.00
20	Cairo Carpets				12870.00	9150.00				12870.00
22	Raver Rugs				9800	6950				9800
25	cleaning				1260			1260
25	Repair				600				600
28	Sales				1420	980	1420
29		Raver Rugs				4110					4110
30	TOTAL				47957.00	21240.00	7250	2310.00	1600.00	36887.00




ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Name: RAVER RUGS No.: C1


Date		Post.
Explanation	Ref.	Debit	Credit	Balance
01-Sep	Bal b/d		3,410.00
4	sales		9,800.00
12	bank	600		3,410.00
17	sales	200	4,110.00
20	sales		6,620.00
22	bank			9,800.00
29	bank			4,110.00	6,620.00






Name: CAIRO CARPETS No.: C2


Date		Post.
Explanation	Ref.	Debit	Credit	Balance
Sept
1	bal bld		3,707.00
13	bank			3,707.00
15	sales	200	12,870.00
20	bank			12,870.00
24	sales	200	13,710.00
27	bank			13,710.00	–






Name: SOREL INTERIORS			No.: C3

Date		Post.
Explanation	Ref.	Debit	Credit	Balance
01-Sep	bal b/d			2,990.00
2	Sales	200	7,720.00
3	bank	600		2,990.00	7,720.00









INVENTORY SUBSIDIARY LEDGER
Item: AKSTAFA RUG

Item Code: AR
			Purchases	Cost of Sales	Balance
Date	Explanation	No	U/Cost	Total Cost	No	U/Cost	Total Cost	No	U/Cost	Total Cost
Sept
1	bal b/d	5.00	500.00	2,500	5.00	750.00	3,750














Item: MANLUK HALL RUNNERS

Item Code: MHR
		Purchases	Cost of Sales	Balance
Date	Explanation	No	U/Cost	Total Cost	No	U/Cost	Total Cost	No	U/Cost	Total Cost
Sept
1	bal b/d	6	350.00	2100.00	6	550.00	3300.00
















Item: NINEVEH RUG

Item Code: MNR
		Purchases	Cost of Sales	Balance
Date	Explanation	No	U/Cost	Total Cost	No	U/Cost	Total Cost	No	U/Cost	Total Cost
Sept
1	bal b/d	8	2200.00	17600.00	8	2990.00	23920.00














Item: TABRIZ CARPET

Item Code: TC
		Purchases	Cost of Sales	Balance
Date	Explanation	No	U/Cost	Total Cost	No	U/Cost	Total Cost	No	U/Cost	Total Cost
Sept
1	bal b/d	5	630.00	3150.00	5	870.00	4350.00
















Schedules of Subsidiary Ledgers

Schedule of Accounts Receivable

Acc Code	Account name	Amount
4.58E+10	raver rugs	3410.00
3.35E+10	Cairo carpet	3707.00
6.24E+10	Sorel Interiors	2990.00









Schedule of Accounts Payable

Acc Code	Account name	Amount
5.06E+10	persian importers	5500.00
5.44E+10	Oriental Carpets	24200.00
4.52E+10	Ttaba Tabai	11990.00






Schedule of Inventory on Hand

Item Code.	Item name	Unit number	Total cost
AR	Akstafa rug	5.00	2500
MHR	Manluk hall runner	6.00	2100
NR	Nineveh rug	8.00	17600
TC	Tabriz carpet	5.00	3150









Trial Balance
at at 30 September 2018

		before end of period adjustments	after end of period adjustments


Acct No.	Account	Ref	Debit	Credit	Debit	Credit
200	SALES			62160.00
220	CLEANING REVENUE			2130.00
240	REAPIAIR REVENUE			1,600.00
405	RENT		5,940.00
410	PRINTING		426.70
430	VAN EXPENSES		560.34
Jun-30	WAGES AND SALARIES		2,150.00
6-1700	TELEPHONE		514.80
450	INTEREST		625.00
455	BANK FEE		34.00
730	CASH REGISTER -COST		1,386.00
	PURCHASE RETURN			350.00
200	BANK		8,450.40
610	ACCOUNTS RECEIVABLE		24,447.00
620	PREPAID EXPENSES		600.00
630	INVENTORY		1,08,930.00
640	CLEANING MATERIAL		1,195.80
710	VAN-COST		28,000.00
711	ACC-DEP			1,380.00
720	SHOP FITTING		4,500.00
721	ACC-DEP			1,600.00
800	ACCOUNTS PAYABLE			91,987.00
818	GST		2,097.96
830	LOAN			16,000.00
850	CAPITAL			31,700.00
855	DRAWINGS		2,000.00
			1,78,907.00	1,78,907.00














			3,70,765.00	3,25,654.00


					-45,111.00

		Trial Balance
	(after closing entries)


Acct No.	Account	Ref	Debit	Credit
200	SALES			62160.00
	PURCHASE		42180.00
220	CLEANING REVENUE			21.00
240	REAPIAIR REVENUE			1600.00
405	RENT		5,940.00
410	PRINTING		426.70
430	VAN EXPENSES		560.34
Jun-30	WAGES AND SALARIES		2,550.00
6-1700	TELEPHONE		514.80
450	INTEREST		625.00
455	BANK FEE		34.00
730	CASH REGISTER -COST		1,386.00
200	BANK		8,450.40
610	ACCOUNTS RECEIVABLE		24,447.00
620	PREPAID EXPENSES		600.00
630	INVENTORY		21,950.00
640	CLEANING MATERIAL		1,195.80
710	VAN-COST		28,000.00
711	ACC-DEP			5580.00
720	SHOP FITTING		4500.00
721	ACC-DEP			2050.00
818	GST		3031.00
830	LOAN			16000.00
850	CAPITAL			32942.20
855	WAGE PAYABLE			500.00
820	INETEREST RECEIVABLE			120.00
	TOTAL		123132.00	123132

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