Project – Trust account management

TemplatesEXCEL.xlsx

Home >Business & Finance homework help >Accounting homework help >Project – Trust account management

receipt

				Trust Account Receipt
				No 01206
			Date	/ /
Your Home Real Estate Pty Ltd
14 Main St
Wodonga	3690
Ph 1234 5678
ABN 222 333 444
Received from:
Address:
The Sum of:
For:
				File:
Signed:
	For and on behalf of Your Home Real Estate Pty Ltd
			Cheque	$
			Cash	$
			Money order	$
			EFT	$
		Duplicate

Cheque Butts

Date

Payment to

Trust Ledger Account and Folio no

Reason for payment

Amount

Cheque Number

Journals

TCRJ						Transfer Journal
Date	Particulars	Property address	Rec No.	Amount $	Bank $	Date	Particulars	Folio/File	From $	To $
TCPJ
Date	Particulars	Property address	Chq No.	Amount $	Bank $

Ledgers

Client					File
Address
Other Party
Transaction Type
Charges		7% comm GST incl gross rental, $5 statement fee GST inc
Date	Particulars	Paid to	Jnl ref Rec no chq no EFT	Debit $	Credit $	Balance $

Statements

Your Home Real Estate Pty Ltd
14 Main St
Wodonga
Ph 1234 5678
ABN 222 333 444
		Statement of Account
			Date:
Client
RE:
Your Home Real Estate Pty Ltd
14 Main St
Wodonga
Ph 1234 5678
ABN 222 333 444
				Date:
To:
Rental Statement/Tax Invoice for the month of:
Tenant	Address		Period	Paid To	Total
Disbursements
All fees and charges GST inc
7% commission on:
Letting fees charged at
Statement fee
				Cheque herewith

Trial balance & Reconciliation

Your Home Real Estate Pty Ltd						Trial balance of Your Home Real Estate Pty Ltd for the month ended:
Trust Account Reconciliation Statement at_________________						Account Name	Debit	Credit
1 Trust Cash Journal				$	$	Bank
Balance Brought Forward from
Add total receipts for:
Deduct total payments for:
Balance as at:
2 AFI statement
Balance as per AFI statement:
Add deposits not yet credited
Deduct unpresented cheques
Total trust money at:
3 Trust Ledger balances
Total of attached listing of ledgers as at:
I certify that the Trust Account Reconciliation Statement is accurate:
		Date:
Estate Agent/Licensed Wording Director/OIEG
Bank Statement for:		Your Home Real Estate Pty Ltd
Date:	Details		Dr	Cr	Balance
5/31/13	General Account chq no 1445		$443.50		$62,506.50
5/20/13	General Account chq no 1442		$13,395.00		$62,950.00
	Reddy & Co Chq no 1441		$40,105.00		$76,345.00
5/15/13	Deposit			$1,350.00	$116,450.00
5/13/13	Deposit			$2,000.00	$115,100.00
5/8/13	Deposit			$1,200.00	$113,100.00
5/7/13	Deposit			$58,400.00	$111,900.00
5/7/13	Adjustment Dis chq		$1,500.00		$53,500.00
5/3/13	Deposit			$1,500.00	$55,000.00
	General Account Ch no 1440		$9,720.00		$53,500.00
	Agnew & Fortescue ch no 1439		$29,080.00		$63,220.00
	John Jones Ch no 1436		$1,851.50		$92,300.00
	James Smithson Ch no 1435		$1,855.00		$94,151.50
	Aircold Air Cond Ch no 1434		$1,900.00		$96,006.50
	General Account Ch no 1438		$350.00		$97,906.50
	General Account Ch no 1437		$443.50		$98,256.50
4/23/13	Deposit			$42,800.00	$98,700.00
4/20/13	Deposit			$10,700.00	$55,900.00
4/15/13	Deposit			$1,350.00	$45,200.00
4/13/13	Deposit			$2,000.00	$43,850.00
4/8/13	Deposit			$1,200.00	$41,850.00
4/3/13	Deposit			$1,500.00	$40,650.00
4/2/13	Deposit			$350.00	$39,150.00
4/1/13	Opening Balance				$38,800.00