The document summarizes cash receipt and payment transactions for a business over April. It shows cash inflows from services, sales, rent and interest totaling $10,603.10 and outflows for inventory, wages, utilities, equipment, and other expenses totaling $22,863.50, resulting in a net cash balance of $2,739.60 at the end of April. VAT collected and paid is also tracked.
The document summarizes cash receipt and payment transactions for a business over April. It shows cash inflows from services, sales, rent and interest totaling $10,603.10 and outflows for inventory, wages, utilities, equipment, and other expenses totaling $22,863.50, resulting in a net cash balance of $2,739.60 at the end of April. VAT collected and paid is also tracked.
Original Description:
Certificate 4 class exercise assignment 3 semester 12023
The document summarizes cash receipt and payment transactions for a business over April. It shows cash inflows from services, sales, rent and interest totaling $10,603.10 and outflows for inventory, wages, utilities, equipment, and other expenses totaling $22,863.50, resulting in a net cash balance of $2,739.60 at the end of April. VAT collected and paid is also tracked.
The document summarizes cash receipt and payment transactions for a business over April. It shows cash inflows from services, sales, rent and interest totaling $10,603.10 and outflows for inventory, wages, utilities, equipment, and other expenses totaling $22,863.50, resulting in a net cash balance of $2,739.60 at the end of April. VAT collected and paid is also tracked.
Cash CR Adv DR VAT Paid DR BIT CREDIT Date Accounts Loan Other VAT Paid Cash at BANK Repayment Payments 2-Apr Inventory $81.00 $981.00 VAT Paid $200.00 $18.00 $218.00 Cash at Bank $91.80 $1,111.80 $2,020.00 $45.00 $545.00 $1,500.00 $1,500.00 $300.00 $27.00 $327.00 $1,080.00 $13,080.00 $20.70 $250.70 $2,800.00 $2,800.00 $30.00 $30.00
$2,800.00 $2,030.00 $1,363.50 $22,863.50
Debit Credit
$900.00 Inventory Dr $81.00 CASH CR $981.00 VAT PAID DR Cash at Bank Date Accounts Debit Credit Balance Jan to MarBalance b/f $15,000.00 DR 30-Apr Total Receipt for Apr $10,603.10 $25,603.10 DR Total Payments for Apr $22,863.50 $2,739.60 DR
Sales Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $6,940.00
Services Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $1,490.00
Inventory Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $1,920.00
Wages Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $2,020.00 Equipment Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $12,000.00
Loan Repayment Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $2,800.00
Advertising Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 6-Apr Cash at bank $200.00
Accounting Fees Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 18-Apr Cash at bank $300.00 VAT Collected Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at Bank $863.10
Rent Received Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash At Bank $600.00
Commission Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 6-Apr Cash At Bank $560.00
Interest Recceived Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash At Bank $150.00
Utility Bills Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $500.00 Repairs & Maintenance Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $230.00
VAT Paid Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $1,363.50
Drawings Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 18-Apr Cash at bank $1,500.00
Account Keeping Fees
Date Accounts Debit Credit Balance 31-Jan 28-Feb 31-Mar 30-Apr Cash at bank $30.00
