1 Golden Steer 2 3 General Journal 4 Date 5 Part B 6 7 8 9...

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1 Golden Steer 2 3 General Journal 4 Date 5 Part B 6 7 8 9 _0 11 2 13 4 15 6 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 10 1 12 13 14 15 16 +7 18 19 50 51 52 53 54 65 56 57 58 59 Details Balance Day Adjustments 30/6/22 Depreciation Accum Dep - Delivery Vehicle (Depreciation for Vehicle B) 30/6/22 Disposal Delivery Vehicle at Cost (Transfer cost of Vehicle B to Disposal) 30/6/22 Accum Dep - Delivery Vehicle Disposal (Transfer accumulated depreciation of Vehicle B) 30/6/22 Loss on Disposal Disposal (Close disposal account) 30/6/22 Bad Debts GST Collected Accounts Receivable (Write off bad debts) 30/6/22 Prepaid Expenses Cleaning - Abbattoir Services Pty Ltd (Adjustment for cleaning prepayment) 30/6/22 Wages and Salaries Expense Accrued Expenses (Accrual of wages due but unpaid at balance day) 30/6/22 Depreciation Accum Dep - Equipment (Depreciation of Equipment as per schedule) 30/6/22 Depreciation Accum Dep - Delivery Vehicle (Depreciation of Vehicle A as per schedule) (DO NOT INCLUDE ANY REVERSAL ENTRIES. APPROPRIATE DATE AND FOLIO NUMBERS MUST BE ENTERED FOR ALL JOURNALS) Folio Debit 6-3200 1-5400 6-2400 1-5300 1-5400 6-2400 4-7000 6-2400 6-2100 2-3010 1-2000 1-4000 6-4100 6-5100 2-5500 6-3200 1-5200 -3200 1-5400 5,625.00 25,000.00 5,625.00 19,375.00 1,527.27 152.73 11,000.00 1,100.00 231.42 5,580.00 75,216.42 Credit 5,625.00 25,000.00 5,625.00 19,375.00 1,680.00 11,000.00 1,100.00 231.42 5,580.00 75,216.42 General Journal Date Part B Details Closing Entries 30/6/22 Inventory - Opening Trading (Write back open inventory) 30/6/22 Trading Inventory - Opening (Trading revenue transferred) 30/6/22 Trading Purchases Freight Paid on Purchases (Close and trandfer to Trading) 30/6/22 Inventory - closing Trading (Stock take at 30 June 2022-record closing stock) 30/6/22 Sales Trading (Transfer gross profit to P & L account) Delivery Charges Interest Revenue Profit and Loss (Transfer other revenue to P & L account) 30/6/22 Profit and Loss Staff Amenities Delivery Vehicle Expenses Bank Charges Bad Debts Discount Expense Interest Paid Insurance Expense Depreciation Expense Admin Expense Postage Telephone Expense Stationery Office Rent Abattoir Maintenance Superannuation Expense Wages and Salaries Expense Loss of Disposal (expense) (Close and transfer other expenses to P & L account) 30/6/22 Capital Net Loss (Transfer net profit to capital) 30/6/22 Capital Drawings (Close drawings to capital) Folio 1-3000 7-1000 4-1000 1-3000 7-1000 5-1000 5-4000 1-3000 7-1000 4-1000 7-1000 4-4000 4-5000 7-2000 7-2000 6-5200 6-1100 6-2000 6-2100 6-2200 6-2300 6-3000 6-3200 6-3300 6-3350 6-3400 6-3550 6-4000 6-4100 6-5000 6-5100 4-7000 3-1000 7-2000 3-1000 3-2000 Debit 35,100.00 35,100.00 65,101.09 36,900.00 136,226.91 780.00 16.80 54,359.88 64,756.78 1,155.00 Credit 35,100.00 35,100.00 64,741.09 360.00 36,900.00 136,226.91 796.80 6.7 744.72 85.80 1,527.27 336.21 318.00 752.40 11,436.42 288.36 17.45 912.00 24.55 6,750.00 13,380.00 1,080.00 16,700.00 19,375.00 64,756.78 1,155.00 General Ledger MyBank Cheque Account Date Details 30/6/22 Opening Balance Petty Cash Date Details 30/6/22 Opening Balance Accounts Receivable Control Date Details 30/6/22 Opening Balance 30/6/22 (Write off bad debts) Inventory Date Prepaid Expenses Date Details 30/6/22 (Adjustment for cleaning prepayment) Equipment at Cost Date Details 30/6/22 Opening Balance Details 1/6/22 Opening Balance 30/6/22 (Write back open inventory) 7-1000 4-1000 30/6/22 (Trading revenue transferred) 30/6/22 (Stock take at 30 June 2022- record closing stock 7-1000 Accumulated Depreciation - Equipment Details 30/6/22 Opening Balance 30/6/22 (Depreciation of Equipment as per schedule) Date Delivery Vehicle at Cost Date Details 30/6/22 Opening Balance (Transfer cost of Vehicle B to Disposal) Date Accounts Payable Control Date Details 30/6/22 Opening Balance Folio GST Collected Date Folio Details 30/6/22 Opening Balance 30/6/22 (Writeoff bad debts) Folio 6-2100 Folio Folio 6-4100 Folio Accumulated Depreciation - Delivery Vehicles Details 30/6/22 Opening Balance 30/6/22 (Depreciation for Vehicle B) 6-3200 30/6/22 (Transfer accumulated depreciation of Vehicle B) 6-2400 30/6/22 (Depreciation of Vehicle A as per schedule) 6-3200 Folio 6-3200 Folio 1-5300 Folio Folio Folio 6-2100 Debit Debit Debit Debit 35,100.00 36,900.00 Debit 11,000.00 Debit Debit Debit Debit Debit Debit 5,625.00 152.73 1-1100 Credit 1-1160 Credit 1-2000 Credit 1,680.00 1-3000 Credit 35,100.00 1-4000 Credit 1-5100 Credit 1-5200 Credit 1-5300 Credit 25,000.00 1-5400 Credit 231.42 5,625.00 5,580.00 2-2000 Credit 2-3010 Credit Balance 29,749.57 DR Balance Balance 31.658.40 DR 29,97840 DR Balance 35,100.00 DR 70,200.00 DR 35.100.00 72,000.00 Balance 11,000.00 DR Balance 2,314.20 DR Balance 120.00 DR Balance Balance 57,000.00 DR 32,000.00 DR Balance 150.00 CR 38142 CR 7,200.00 12,825.00 CR 7,200.00 DR 1,620.00 DR Balance 29,229.00 CR 3,606.85 CR 3,454.12 CR GST Paid Date Details 30/6/22 Opening Balance PAYG Withholding Payable Date Details 30/6/22 Opening Balance Accrued Expenses Date Bank Loan - Vehicles Date Details Folio 30/6/22 (Accrual of wages duebut unpaid at balance day) 6-5100 Details 30/6/22 Opening Balance Capital - S Golden Date Details 30/6/22 Opening Balance 30/6/22 (Transfer net profit to capital) Drawings - SGolden Details 30/6/22 Opening Balance 30/6/22 (Closedrawings to capital) Trading Account Date Profit & Loss Account Date Details Sales Date Detail 30/6/22 Opening Balance 30/6/22 (Transfer gross profit to P & Laccount) Delivery Charges Date Details 30/6/22 Opening Balance 30/6/22 (Transfer other revenueto P & Laccount) Details 30/6/22 (Write back open inventory) Folio 1-3000 4-1000 30/6/22 (Trading revenue transferred) 30/6/22 (Close and trandfer to Trading) 7-1000 30/6/22 (Stock take at 30 June 2022-record closing stock) 1-3000 30/6/22 (Transfer gross profit to P & Laccount) 7-1000 Interest Received Date Details 30/6/22 Opening Balance 30/6/22 (Transfer other revenue to P & Laccount) Folio 7-2000 30/6/22 (Transfer other revenueto P & Laccount) 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 30/6/22 (Transfer net profit to capital) 7-2000 Purchases Date Details 30/6/22 Opening Balance 30/6/22 (Close and trandfer to Trading) Folio Freight Paid on Purchases Date Folio Details 30/6/22 Opening Balance 30/6/22 (Close and trandfer to Trading! Delivery Vehicle Expenses Date Folio Folio Bank Charges Date 3-1000 Folio 3-1000 Folio Profit/Loss on Disposal of Assets Date Details Folio 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 1-3000 Folio 7-2000 Folio 7-2000 Folio 7-1000 Folio 7-1000 Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 Folio Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccou 7-2000 Bad Debts Expense Date Details Folio 1-2000 30/6/22 (Writeoff bad debts) 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit 136,226.91 Debit Debit Debit Debit Debit 35,100.00 Debit 65,101.09 54.359.88 64,756.78 780.00 16.80 1,527.27 2-3030 Credit 2-5010 Credit 2-5500 Credit 2-6100 Credit 1,100.00 3-1000 Credit 64,756.78 3-2000 Credit 7-1000 Credit 35,100.00 36,900.00 136,226.91 7-2000 Credit 4-1000 Credit 4-4000 Credit 4-5000 Credit 4-7000 Credit 1,155.00 5-1000 Credit 19,375.00 5-4000 Credit 64,741.09 6-1100 Credit 796.80 6-2000 Credit 6-2100 Credit 360.00 744.72 85.80 1,527.27 Balance Balance Balance Balance Balance 22.800.00 CR Balance Balance 64,756.78 CR 129,513.56 CR Balance Balance 35,100.00 CR CR 65.101.09 CR 28,201.09 CR 108,025.82 DR Balance 796.80 CR 53,563.08 CR 118,319.86 CR Balance Balance 3,111.89 DR 136,226.91 CR 840.00 CR Balance 1.100.00 CR Balance Balance 1.155.00 DR DR Balance Balance 19,375.00 CR 780.00 CR DR 64.741.09 DR DR 16.80 CR 360.00 DR 744.72 DR 85.80 DR DR 1,527.27 DR Discount Expense Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & L account 7-2000 Interest Paid Date Disposal Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Details 30/6/22 (Transfer cost of Vehicle B to Disposal) 30/6/22 (Transfer accumulated depreciation of Vehicle B 30/6/22 (Close disposal account) Insurance Expense Date Date Admin Expenses Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Depreciation Expenses- (For All Assets) Details 30/6/22 (Depreciation for Vehicle B) Folio 1-5400 30/6/22 (Depreciation of Equipment as per schedule) 1-5200 30/6/22 (Depreciation of Vehicle A as per schedule) 1-5400 30/6/22 (Close and transfer other expenses to P & L account 7-2000 Postage Date Stationery Date ! Folio Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Office Rent Date Folio 1-5300 1-5400 4-7000 Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Abattoir Maintenance (Cleaning Expenses) Date Folio Telephone Expense Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Date Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Wages & Salaries Expense Date Folio Staff Amenities Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Folio Details 30/6/22 Opening Balance 30/6/22 (Adjustment for cleaning prepayment) 1-4000 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Superannuation Expense Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Folio Details 30/6/22 Opening Balance 2-5500 30/6/22 (Accrual of wages duebut unpaid at balance day) 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Debit Debit Debit 25,000.00 Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit 5.625.00 231.42 5,580.00 1,100.00 6-2200 Credit 6-2300 Credit 6-2400 Credit 6-3000 Credit 5,625.00 19,375.00 6-3200 Credit 6-3300 Credit 6-3350 Credit 1143642 6-3400 Credit 6-3550 Credit 6-4000 Credit 6-4100 Credit 336.21 318.00 6-5000 Credit 752.40 6-5100 Credit 288.36 6,750.00 6-5200 Credit 17.45 912.00 11,000.00 13,380.00 24.55 1,080.00 16,700.00 6.70 Balance Balance Balance Balance 25,000.00 DR 19,375.00 Balance Balance Balance 5,625.00 DR 5,856.42 DR 11,436.42 DR DR Balance Balance Balance Balance 336.21 DR DR 318.00 DR DR Balance 75240 DR DR Balance 288.36 DR Balance 17.45 DR DR 6,750.00 DR DR 912.00 DR 13,380.00 DR 2,380.00 DR 11,000.00 CR 24.55 DR DR 1,080.00 DR DR 15,600.00 DR 16,700.00 DR DR DR DR : = = Golden Steer Asset Name: Asset No: Date Purchased: Delivery Vehicle Location: Estimated Life: 1 Estimated Residual Value: 2 Depreciation Rate/Method: 3 Purchased From: 4 5 Date 5 7 B 9 O 1 2 Asset Cost 1/7/21 $ 30/6/22 $ Asset Register - Delivery Vehicle B Rego No.: Depreciation 25,000.00 $ 25,000.00 $ 125 1/7/21 5 0 22.50% Date Sold/Disposed: Disposal Value: Gain/Loss on disposal: 123-PJA 5,625.00 $ 5,625.00 $ $ 30/6/22 0 19,375.00 Accumulated Depreciation Carrying Amount 5,625.00 $ 5,625.00 $ 19,375.00 19,375.00 Depreciation Schedule - all Assets - 30/6/2022 Asset Details Equipment Shrink wrap Machine Motor Vehicles Delivery Vehicle A Delivery Vehicle B Date Purchased 5/11/20 1/7/20 Purchase Cost 1/7/21 Disposal of Delivery Vehicle B 2,314.20 32,000 25,000 Depreciation Rate 10% 22.50% 22.50% Days to Depreciation Method Depreciate SL-Straight Line DV-Diminishing Value DV-Diminishing Value Opening Carrying Amount at Accumulated Beginning Depreciation 2,164.20 2,164.20 24,800.00 25,000.00 49,800.00 150.00 150.00 7,200.00 7,200.00 Depreciation Expense 231.42 231.42 5,580.00 5,625.00 11,205.00 Closing Accumulated Depreciation 381.42 381.42 12,780.00 5,625.00 18,405.00 Carrying Amount a End 1,932.78 1,932.78 19,220.00 19,375.00 38,595.00 Part B Pre-Closing Trial Balance Account Number Account Name 1-1100 1-1160 1-2000 1-3000 1-4000 1-5100 1-5200 1-5300 1-5400 2-2000 2-3010 2-3030 2-5010 2-5500 2-6100 3-1000 3-2000 4-1000 4-4000 4-5000 4-7000 5-1000 5-4000 6-1100 6-2000 6-2100 6-2200 6-2300 6-3000 6-3200 6-3300 6-3350 6-3400 6-3550 6-4000 6-4100 6-5000 6-5100 6-5200 MyBank Cheque Acc Petty Cash Accounts Receivable Control Inventory (Opening Balance) Prepaid Exps Equipment at Cost Accumulated Depn- Equipment Delivery Vehicles Accum Depn- Delivery Vehicles Accounts Payable Control GST Collected GST Paid PAYG Withholding Payable Accrued Expenses Bank Loan - Vehicles Capital, S Golden Drawings - S Golden Sales Delivery Charges Interest Received Profit/Loss on Disposal of Assets Purchases Freight Paid on Purchases Delivery Vehicle Expenses Bank Charges Bad Debts Expense Discount Expense Interest Paid Insurance Expense Depreciation Expenses (For All Assets) Admin Expenses Postage Telephone Expense Stationery Office Rent Abattoir Maintenance (Cleaning Expenses) Superannuation Expense Wages & Salaries Expense Staff Amenities Total DR $ 11,000.00 152.73 19,375.00 1,527.27 11,674.55 1,100.00 CR 44,829.55 $ 1,680.00 216.42 25,000.00 5,833.13 1,100.00 11,000.00 44,829.55 Sales less Sales Returns Less Cost of Goods Sold Opening Inventory +Purchases +Freight Paid on Purchases Goods Available for Sale Less Closing Inventory Cost of Goods Sold Gross Profit Add Other Operating Income Interest Received Delivery Charges Less Operating Expenses Marketing Delivery Vehicle Expenses Office Rent Abattoir Mainentance Depreciation Expenses Administration Insurance Expense Admin Expenses Postage Telephone Expense Stationery Superannuation Expense Wages & Salaries Expense Staff Amenities Financial Bank Charges Bad Debts expense Income Statement for period ended 30/6/22 Discount expense Interest Paid Profit/Loss on Disposal Total Expenses Net Profit/Loss 136,226.91 0.00 35,100.00 64,741.09 360.00 100,201.09 36,900.00 63,301.09 16.80 780.00 744.72 6,750.00 13,380.00 11,436.42 752.40 288.36 17.45 912.00 24.55 1,080.00 16,700.00 6.70 85.80 1,527.27 336.21 318.00 19,375.00 -$ 136,226.91 63,301.09 72,925.82 796.80 73,722.62 32,311.14 19,781.46 21,642.28 73,734.88 12.26 Assets Current Assets My Bank Cheque Acc Petty Cash Accounts Receivable Inventory (Closing Bal) Prepaid Expenses Non-Current Assets Equipment at Cost Less Accum Depn Delivery Vehicles Less Accum Depn Total Assets Less Liabilities Current Liabilities Account Payable GST Collected Less: GST Paid PAYG Withholding Accrued Expense Non-Current Liabilities Loan Vehicles Total Liabilities Net Assets Owners Equity Capital, S Golden Add Net Profit Less Drawings - S Golden Balance Sheet as at 30/6/22 29,749.57 120.00 29,978.40 36,900.00 11,000.00 2,314.20 381.42 32,000.00 1,620.00 29,229.00 3,454.12 3,111.89 840.00 1,100.00 22,800.00 129,513.56 12.26 107,747.97 1,932.78 30,380.00 32,312.78 $ 32,683.12 3,111.89 1,940.00 31,511.23 54,311.23 $ 21,998.45 129,501.30 107,747.97 32,312.78 54,311.23 21,998.45 129,501.30 Post-Closing Trial Balance - 30/6/2022 Account Number 1-1100 1-1160 1-2000 1-3000 1-4000 1-5100 1-5200 1-5300 1-5400 2-2000 2-3010 2-3030 2-5010 2-5500 2-6100 3-1000 Account Name MyBank Cheque Acc Petty Cash Accounts Receivable Control Inventory Prepaid Expense Equipment at Cost Accumulated Depn- Equipment Delivery Vehicles Accum Depn- Delivery Vehicle Accounts payable GST Collected GST Paid PAYG Withholding Accrued Expense Bank Loan - Vehicles Capital, S Golden DR $ 29,749.57 120.00 29,978.40 72,000.00 11,000.00 2,314.20 32,000.00 1,620.00 3,111.89 CR 181,894.06 $ $ es 381.42 29,229.00 3,454.12 840.00 1,100.00 22,800.00 129,513.56 187,318.10 5,424.04 1 Golden Steer 2 3 General Journal 4 Date 5 Part B 6 7 8 9 _0 11 2 13 4 15 6 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 10 1 12 13 14 15 16 +7 18 19 50 51 52 53 54 65 56 57 58 59 Details Balance Day Adjustments 30/6/22 Depreciation Accum Dep - Delivery Vehicle (Depreciation for Vehicle B) 30/6/22 Disposal Delivery Vehicle at Cost (Transfer cost of Vehicle B to Disposal) 30/6/22 Accum Dep - Delivery Vehicle Disposal (Transfer accumulated depreciation of Vehicle B) 30/6/22 Loss on Disposal Disposal (Close disposal account) 30/6/22 Bad Debts GST Collected Accounts Receivable (Write off bad debts) 30/6/22 Prepaid Expenses Cleaning - Abbattoir Services Pty Ltd (Adjustment for cleaning prepayment) 30/6/22 Wages and Salaries Expense Accrued Expenses (Accrual of wages due but unpaid at balance day) 30/6/22 Depreciation Accum Dep - Equipment (Depreciation of Equipment as per schedule) 30/6/22 Depreciation Accum Dep - Delivery Vehicle (Depreciation of Vehicle A as per schedule) (DO NOT INCLUDE ANY REVERSAL ENTRIES. APPROPRIATE DATE AND FOLIO NUMBERS MUST BE ENTERED FOR ALL JOURNALS) Folio Debit 6-3200 1-5400 6-2400 1-5300 1-5400 6-2400 4-7000 6-2400 6-2100 2-3010 1-2000 1-4000 6-4100 6-5100 2-5500 6-3200 1-5200 -3200 1-5400 5,625.00 25,000.00 5,625.00 19,375.00 1,527.27 152.73 11,000.00 1,100.00 231.42 5,580.00 75,216.42 Credit 5,625.00 25,000.00 5,625.00 19,375.00 1,680.00 11,000.00 1,100.00 231.42 5,580.00 75,216.42 General Journal Date Part B Details Closing Entries 30/6/22 Inventory - Opening Trading (Write back open inventory) 30/6/22 Trading Inventory - Opening (Trading revenue transferred) 30/6/22 Trading Purchases Freight Paid on Purchases (Close and trandfer to Trading) 30/6/22 Inventory - closing Trading (Stock take at 30 June 2022-record closing stock) 30/6/22 Sales Trading (Transfer gross profit to P & L account) Delivery Charges Interest Revenue Profit and Loss (Transfer other revenue to P & L account) 30/6/22 Profit and Loss Staff Amenities Delivery Vehicle Expenses Bank Charges Bad Debts Discount Expense Interest Paid Insurance Expense Depreciation Expense Admin Expense Postage Telephone Expense Stationery Office Rent Abattoir Maintenance Superannuation Expense Wages and Salaries Expense Loss of Disposal (expense) (Close and transfer other expenses to P & L account) 30/6/22 Capital Net Loss (Transfer net profit to capital) 30/6/22 Capital Drawings (Close drawings to capital) Folio 1-3000 7-1000 4-1000 1-3000 7-1000 5-1000 5-4000 1-3000 7-1000 4-1000 7-1000 4-4000 4-5000 7-2000 7-2000 6-5200 6-1100 6-2000 6-2100 6-2200 6-2300 6-3000 6-3200 6-3300 6-3350 6-3400 6-3550 6-4000 6-4100 6-5000 6-5100 4-7000 3-1000 7-2000 3-1000 3-2000 Debit 35,100.00 35,100.00 65,101.09 36,900.00 136,226.91 780.00 16.80 54,359.88 64,756.78 1,155.00 Credit 35,100.00 35,100.00 64,741.09 360.00 36,900.00 136,226.91 796.80 6.7 744.72 85.80 1,527.27 336.21 318.00 752.40 11,436.42 288.36 17.45 912.00 24.55 6,750.00 13,380.00 1,080.00 16,700.00 19,375.00 64,756.78 1,155.00 General Ledger MyBank Cheque Account Date Details 30/6/22 Opening Balance Petty Cash Date Details 30/6/22 Opening Balance Accounts Receivable Control Date Details 30/6/22 Opening Balance 30/6/22 (Write off bad debts) Inventory Date Prepaid Expenses Date Details 30/6/22 (Adjustment for cleaning prepayment) Equipment at Cost Date Details 30/6/22 Opening Balance Details 1/6/22 Opening Balance 30/6/22 (Write back open inventory) 7-1000 4-1000 30/6/22 (Trading revenue transferred) 30/6/22 (Stock take at 30 June 2022- record closing stock 7-1000 Accumulated Depreciation - Equipment Details 30/6/22 Opening Balance 30/6/22 (Depreciation of Equipment as per schedule) Date Delivery Vehicle at Cost Date Details 30/6/22 Opening Balance (Transfer cost of Vehicle B to Disposal) Date Accounts Payable Control Date Details 30/6/22 Opening Balance Folio GST Collected Date Folio Details 30/6/22 Opening Balance 30/6/22 (Writeoff bad debts) Folio 6-2100 Folio Folio 6-4100 Folio Accumulated Depreciation - Delivery Vehicles Details 30/6/22 Opening Balance 30/6/22 (Depreciation for Vehicle B) 6-3200 30/6/22 (Transfer accumulated depreciation of Vehicle B) 6-2400 30/6/22 (Depreciation of Vehicle A as per schedule) 6-3200 Folio 6-3200 Folio 1-5300 Folio Folio Folio 6-2100 Debit Debit Debit Debit 35,100.00 36,900.00 Debit 11,000.00 Debit Debit Debit Debit Debit Debit 5,625.00 152.73 1-1100 Credit 1-1160 Credit 1-2000 Credit 1,680.00 1-3000 Credit 35,100.00 1-4000 Credit 1-5100 Credit 1-5200 Credit 1-5300 Credit 25,000.00 1-5400 Credit 231.42 5,625.00 5,580.00 2-2000 Credit 2-3010 Credit Balance 29,749.57 DR Balance Balance 31.658.40 DR 29,97840 DR Balance 35,100.00 DR 70,200.00 DR 35.100.00 72,000.00 Balance 11,000.00 DR Balance 2,314.20 DR Balance 120.00 DR Balance Balance 57,000.00 DR 32,000.00 DR Balance 150.00 CR 38142 CR 7,200.00 12,825.00 CR 7,200.00 DR 1,620.00 DR Balance 29,229.00 CR 3,606.85 CR 3,454.12 CR GST Paid Date Details 30/6/22 Opening Balance PAYG Withholding Payable Date Details 30/6/22 Opening Balance Accrued Expenses Date Bank Loan - Vehicles Date Details Folio 30/6/22 (Accrual of wages duebut unpaid at balance day) 6-5100 Details 30/6/22 Opening Balance Capital - S Golden Date Details 30/6/22 Opening Balance 30/6/22 (Transfer net profit to capital) Drawings - SGolden Details 30/6/22 Opening Balance 30/6/22 (Closedrawings to capital) Trading Account Date Profit & Loss Account Date Details Sales Date Detail 30/6/22 Opening Balance 30/6/22 (Transfer gross profit to P & Laccount) Delivery Charges Date Details 30/6/22 Opening Balance 30/6/22 (Transfer other revenueto P & Laccount) Details 30/6/22 (Write back open inventory) Folio 1-3000 4-1000 30/6/22 (Trading revenue transferred) 30/6/22 (Close and trandfer to Trading) 7-1000 30/6/22 (Stock take at 30 June 2022-record closing stock) 1-3000 30/6/22 (Transfer gross profit to P & Laccount) 7-1000 Interest Received Date Details 30/6/22 Opening Balance 30/6/22 (Transfer other revenue to P & Laccount) Folio 7-2000 30/6/22 (Transfer other revenueto P & Laccount) 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 30/6/22 (Transfer net profit to capital) 7-2000 Purchases Date Details 30/6/22 Opening Balance 30/6/22 (Close and trandfer to Trading) Folio Freight Paid on Purchases Date Folio Details 30/6/22 Opening Balance 30/6/22 (Close and trandfer to Trading! Delivery Vehicle Expenses Date Folio Folio Bank Charges Date 3-1000 Folio 3-1000 Folio Profit/Loss on Disposal of Assets Date Details Folio 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 1-3000 Folio 7-2000 Folio 7-2000 Folio 7-1000 Folio 7-1000 Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 Folio Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccou 7-2000 Bad Debts Expense Date Details Folio 1-2000 30/6/22 (Writeoff bad debts) 30/6/22 (Close and transfer other expenses to P & Laccour 7-2000 Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit 136,226.91 Debit Debit Debit Debit Debit 35,100.00 Debit 65,101.09 54.359.88 64,756.78 780.00 16.80 1,527.27 2-3030 Credit 2-5010 Credit 2-5500 Credit 2-6100 Credit 1,100.00 3-1000 Credit 64,756.78 3-2000 Credit 7-1000 Credit 35,100.00 36,900.00 136,226.91 7-2000 Credit 4-1000 Credit 4-4000 Credit 4-5000 Credit 4-7000 Credit 1,155.00 5-1000 Credit 19,375.00 5-4000 Credit 64,741.09 6-1100 Credit 796.80 6-2000 Credit 6-2100 Credit 360.00 744.72 85.80 1,527.27 Balance Balance Balance Balance Balance 22.800.00 CR Balance Balance 64,756.78 CR 129,513.56 CR Balance Balance 35,100.00 CR CR 65.101.09 CR 28,201.09 CR 108,025.82 DR Balance 796.80 CR 53,563.08 CR 118,319.86 CR Balance Balance 3,111.89 DR 136,226.91 CR 840.00 CR Balance 1.100.00 CR Balance Balance 1.155.00 DR DR Balance Balance 19,375.00 CR 780.00 CR DR 64.741.09 DR DR 16.80 CR 360.00 DR 744.72 DR 85.80 DR DR 1,527.27 DR Discount Expense Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & L account 7-2000 Interest Paid Date Disposal Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Details 30/6/22 (Transfer cost of Vehicle B to Disposal) 30/6/22 (Transfer accumulated depreciation of Vehicle B 30/6/22 (Close disposal account) Insurance Expense Date Date Admin Expenses Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Depreciation Expenses- (For All Assets) Details 30/6/22 (Depreciation for Vehicle B) Folio 1-5400 30/6/22 (Depreciation of Equipment as per schedule) 1-5200 30/6/22 (Depreciation of Vehicle A as per schedule) 1-5400 30/6/22 (Close and transfer other expenses to P & L account 7-2000 Postage Date Stationery Date ! Folio Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Office Rent Date Folio 1-5300 1-5400 4-7000 Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Abattoir Maintenance (Cleaning Expenses) Date Folio Telephone Expense Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Date Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Wages & Salaries Expense Date Folio Staff Amenities Date Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Folio Details 30/6/22 Opening Balance 30/6/22 (Adjustment for cleaning prepayment) 1-4000 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Superannuation Expense Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Folio Details 30/6/22 Opening Balance 2-5500 30/6/22 (Accrual of wages duebut unpaid at balance day) 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Details 30/6/22 Opening Balance 30/6/22 (Close and transfer other expenses to P & Laccount 7-2000 Folio Debit Debit Debit 25,000.00 Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit Debit 5.625.00 231.42 5,580.00 1,100.00 6-2200 Credit 6-2300 Credit 6-2400 Credit 6-3000 Credit 5,625.00 19,375.00 6-3200 Credit 6-3300 Credit 6-3350 Credit 1143642 6-3400 Credit 6-3550 Credit 6-4000 Credit 6-4100 Credit 336.21 318.00 6-5000 Credit 752.40 6-5100 Credit 288.36 6,750.00 6-5200 Credit 17.45 912.00 11,000.00 13,380.00 24.55 1,080.00 16,700.00 6.70 Balance Balance Balance Balance 25,000.00 DR 19,375.00 Balance Balance Balance 5,625.00 DR 5,856.42 DR 11,436.42 DR DR Balance Balance Balance Balance 336.21 DR DR 318.00 DR DR Balance 75240 DR DR Balance 288.36 DR Balance 17.45 DR DR 6,750.00 DR DR 912.00 DR 13,380.00 DR 2,380.00 DR 11,000.00 CR 24.55 DR DR 1,080.00 DR DR 15,600.00 DR 16,700.00 DR DR DR DR : = = Golden Steer Asset Name: Asset No: Date Purchased: Delivery Vehicle Location: Estimated Life: 1 Estimated Residual Value: 2 Depreciation Rate/Method: 3 Purchased From: 4 5 Date 5 7 B 9 O 1 2 Asset Cost 1/7/21 $ 30/6/22 $ Asset Register - Delivery Vehicle B Rego No.: Depreciation 25,000.00 $ 25,000.00 $ 125 1/7/21 5 0 22.50% Date Sold/Disposed: Disposal Value: Gain/Loss on disposal: 123-PJA 5,625.00 $ 5,625.00 $ $ 30/6/22 0 19,375.00 Accumulated Depreciation Carrying Amount 5,625.00 $ 5,625.00 $ 19,375.00 19,375.00 Depreciation Schedule - all Assets - 30/6/2022 Asset Details Equipment Shrink wrap Machine Motor Vehicles Delivery Vehicle A Delivery Vehicle B Date Purchased 5/11/20 1/7/20 Purchase Cost 1/7/21 Disposal of Delivery Vehicle B 2,314.20 32,000 25,000 Depreciation Rate 10% 22.50% 22.50% Days to Depreciation Method Depreciate SL-Straight Line DV-Diminishing Value DV-Diminishing Value Opening Carrying Amount at Accumulated Beginning Depreciation 2,164.20 2,164.20 24,800.00 25,000.00 49,800.00 150.00 150.00 7,200.00 7,200.00 Depreciation Expense 231.42 231.42 5,580.00 5,625.00 11,205.00 Closing Accumulated Depreciation 381.42 381.42 12,780.00 5,625.00 18,405.00 Carrying Amount a End 1,932.78 1,932.78 19,220.00 19,375.00 38,595.00 Part B Pre-Closing Trial Balance Account Number Account Name 1-1100 1-1160 1-2000 1-3000 1-4000 1-5100 1-5200 1-5300 1-5400 2-2000 2-3010 2-3030 2-5010 2-5500 2-6100 3-1000 3-2000 4-1000 4-4000 4-5000 4-7000 5-1000 5-4000 6-1100 6-2000 6-2100 6-2200 6-2300 6-3000 6-3200 6-3300 6-3350 6-3400 6-3550 6-4000 6-4100 6-5000 6-5100 6-5200 MyBank Cheque Acc Petty Cash Accounts Receivable Control Inventory (Opening Balance) Prepaid Exps Equipment at Cost Accumulated Depn- Equipment Delivery Vehicles Accum Depn- Delivery Vehicles Accounts Payable Control GST Collected GST Paid PAYG Withholding Payable Accrued Expenses Bank Loan - Vehicles Capital, S Golden Drawings - S Golden Sales Delivery Charges Interest Received Profit/Loss on Disposal of Assets Purchases Freight Paid on Purchases Delivery Vehicle Expenses Bank Charges Bad Debts Expense Discount Expense Interest Paid Insurance Expense Depreciation Expenses (For All Assets) Admin Expenses Postage Telephone Expense Stationery Office Rent Abattoir Maintenance (Cleaning Expenses) Superannuation Expense Wages & Salaries Expense Staff Amenities Total DR $ 11,000.00 152.73 19,375.00 1,527.27 11,674.55 1,100.00 CR 44,829.55 $ 1,680.00 216.42 25,000.00 5,833.13 1,100.00 11,000.00 44,829.55 Sales less Sales Returns Less Cost of Goods Sold Opening Inventory +Purchases +Freight Paid on Purchases Goods Available for Sale Less Closing Inventory Cost of Goods Sold Gross Profit Add Other Operating Income Interest Received Delivery Charges Less Operating Expenses Marketing Delivery Vehicle Expenses Office Rent Abattoir Mainentance Depreciation Expenses Administration Insurance Expense Admin Expenses Postage Telephone Expense Stationery Superannuation Expense Wages & Salaries Expense Staff Amenities Financial Bank Charges Bad Debts expense Income Statement for period ended 30/6/22 Discount expense Interest Paid Profit/Loss on Disposal Total Expenses Net Profit/Loss 136,226.91 0.00 35,100.00 64,741.09 360.00 100,201.09 36,900.00 63,301.09 16.80 780.00 744.72 6,750.00 13,380.00 11,436.42 752.40 288.36 17.45 912.00 24.55 1,080.00 16,700.00 6.70 85.80 1,527.27 336.21 318.00 19,375.00 -$ 136,226.91 63,301.09 72,925.82 796.80 73,722.62 32,311.14 19,781.46 21,642.28 73,734.88 12.26 Assets Current Assets My Bank Cheque Acc Petty Cash Accounts Receivable Inventory (Closing Bal) Prepaid Expenses Non-Current Assets Equipment at Cost Less Accum Depn Delivery Vehicles Less Accum Depn Total Assets Less Liabilities Current Liabilities Account Payable GST Collected Less: GST Paid PAYG Withholding Accrued Expense Non-Current Liabilities Loan Vehicles Total Liabilities Net Assets Owners Equity Capital, S Golden Add Net Profit Less Drawings - S Golden Balance Sheet as at 30/6/22 29,749.57 120.00 29,978.40 36,900.00 11,000.00 2,314.20 381.42 32,000.00 1,620.00 29,229.00 3,454.12 3,111.89 840.00 1,100.00 22,800.00 129,513.56 12.26 107,747.97 1,932.78 30,380.00 32,312.78 $ 32,683.12 3,111.89 1,940.00 31,511.23 54,311.23 $ 21,998.45 129,501.30 107,747.97 32,312.78 54,311.23 21,998.45 129,501.30 Post-Closing Trial Balance - 30/6/2022 Account Number 1-1100 1-1160 1-2000 1-3000 1-4000 1-5100 1-5200 1-5300 1-5400 2-2000 2-3010 2-3030 2-5010 2-5500 2-6100 3-1000 Account Name MyBank Cheque Acc Petty Cash Accounts Receivable Control Inventory Prepaid Expense Equipment at Cost Accumulated Depn- Equipment Delivery Vehicles Accum Depn- Delivery Vehicle Accounts payable GST Collected GST Paid PAYG Withholding Accrued Expense Bank Loan - Vehicles Capital, S Golden DR $ 29,749.57 120.00 29,978.40 72,000.00 11,000.00 2,314.20 32,000.00 1,620.00 3,111.89 CR 181,894.06 $ $ es 381.42 29,229.00 3,454.12 840.00 1,100.00 22,800.00 129,513.56 187,318.10 5,424.04

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