5 minute accounting homework for year 7 - 3dollars
CR7ftw
activity_one.docxActivity one
Prepare general journal entries for the following balance day adjustments for cameron balooms .
· Car insurance of 320 dollars was paid on 1 april 2005 for 6 months registration only.
· Wages paid in advance on 30 june were office wages and salries. Salaries 500 dollar and sales wages 150 dollar.
· Electricity not paid as at 30 june 2005 150 dollar
· Rent revenue recieved in advance 300 dollar
· Commision revenue NOT yet received 100 dollar
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Date |
Particluars |
Folio |
Debit |
Credit |
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Activity two.
Prepare the general journal entries and post to the general ledger the following transactions for the year ended 30 june 2004
· Accounts receivable control 63000 dollars on 30 june 2004
· Bad debts written off during the year 1200 dollars
· Additional bad debts for Hi Flyers Ltd for 1100 dollar to be written off
· The provision for doubtful debts from 2003 financial year 3500 dolar
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Date |
Particulars |
folio |
Debit |
Credit |
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NA |
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Accounts reciavable control
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Date |
Particulars |
Folio |
Debit |
Credit |
Balance |
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NA |
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Provision for doubtful debts
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Date |
Particulars |
Folio |
Debit |
Credit |
Balance |
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NA |
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GST paid
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Date |
Particulars |
Folio |
Debit |
Credit |
Balance |
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30 june 04 |
Accounts reciavble control (bad debts |
NA |
100 dolar |
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100 dollar |
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Bad debts
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Date |
Particulars |
Folio |
Debit |
Credit |
Balance |
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N/A |
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Doubtful debts
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Date |
Particulars |
Folio |
Debit |
Credit |
Balance |
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N/A |
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