MAA103 Accounting for Decision Making-General Journal of Company
The objective of this assignment is for you to record business transactions using a general journal and then post relevant entries into a specific ledger account (in your case, “Cash at Bank”).
Description transaction including opening balances. Each transaction must include a date, account names, and amounts. Narrations are not required for each transaction. Your final debit and credit balances should be totalled in the appropriate boxes highlighted at the bottom.
When calculating GST, round values to a full dollar. For example, $476 (GST inclusive) would have a GST component of $43.27 which rounds to the closest dollar being $43.
Answer:
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| 06-11-2017 | Accounts Payable | 5,627 |
| 08-11-2017 | Inventory | 425 |
| 12-11-2017 | Inventory | 2,952 |
| 14-11-2017 | Computer equipment | 349 |
| 16-11-2017 | Accounts Payable | 6,206 |
| 18-11-2017 | Drawings | 2,110 |
| 22-11-2017 | Wages Expense | 9,206 |
| 24-11-2017 | Utilities Expense | 3,476 |
| 27-11-2017 | Interest Expense | 123 |
| 30-11-2017 | Rent Expense | 4,292 |
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