英语论文网

Depreciation Exp - Buildings 140.00 164.00
Depreciation Exp - Furniture & Equipment 318.00 346.00
Depreciation Exp - Motor Vehicles 180.00 190.00
Donations 120.00 180.00
Electricity Expense 284.00 318.00
Equipment lease 584.00 676.00
General office expenses 128.00 164.00
Interest Expense 196.00 214.00
Insurance 152.00 196.00
Legal Expenses 118.00 194.00
Motor vehicle expenses 318.00 375.00
Postage's & couriers 144.00 168.00
Repairs - computer equipment 78.00 96.00
Repairs & maintenance 246.00 290.00
Registration and Licences 38.00 56.00
Rent – premises 480.00 528.00
Salaries, wages & allowances 3,642.00 3,988.00
Software updates 246.00 288.00
Staff recruitment 128.00 154.00
Staff training 264.00 298.00
Stationery and supplies 82.00 114.00
Subscriptions – trade journals 12.00 16.00
Autumn Semester 2009 Computer Based Accounting – 22515 -3-
Assignment 3
Superannuation 328.00 359.00
Telephone 326.00 365.00
Travel 244.00 333.00
Loss on Sale of Non Current Asset 86.00 148.00
Profit on Sale of Non Current Asset - 146.00
Income tax expense 2,990.00
Retained earnings at start of year - 930.00 - 7,216.00
Dividends paid 690.00 740.00
Cash on Hand - Petty Cash 230.00 280.00
Cash at Bank 1,260.00 1,580.00
Accounts Receivable 3,360.00 3,740.00
Provision for Doubtful Debts - 120.00 - 120.00
Inventory 2,540.00 2,960.00
Prepaid expenses 115.00 196.00
Accrued Interest Receivable 96.00
Other receivables (Due within 12 months) 240.00 396.00
Buildings 3,406.00 4,450.00
Accumulated depreciation - Buildings - 562.00 - 726.00
Office Furniture and equipment 3,180.00 3,960.00
Accumulated depreciation - Office Furn & Equip - 1,480.00 - 1,796.00
Motor Vehicles 1,025.00 1,340.00
Accumulated Depreciation - Motor Vehicles - 490.00 - 680.00
Land 3,800.00 5,180.00
Investments (Long term) 2,960.00 4,260.00
Goodwill 674.00 1,042.00
Accounts payable - 2,150.00 - 2,280.00
Accrued expenses - 86.00 - 98.00
Interest Bearing Liabilities (Short Term) - 480.00 - 540.00
Accrued Salaries and wages - 70.00
Accrued Interest Payable - 78.00
GST Collected - 342.00 - 365.00
GST Paid 184.00 295.00
Provisions Employee Entitlements - 296.00 - 414.00
Provision for income tax - 2,990.00
Provision for Dividend - 540.00
Interest Bearing Liabilities (Long term) - 2,150.00 - 1,760.00
Share capital - 3,840.00 - 4,020.00
Asset Revaluation Reserve - 180.00 - 280.00
- -
Autumn Semester 2009 Computer Based Accounting – 22515 -4-
Assignment 3
Adjusting Journal entries – 30th June 2008
These journal entries are to be entered using CaseWare for the year ended 30 June 2008.
1. Create a Provision for dividend amounting to $2,500.
2. Accrued salaries and wages at the end of 2008 amount to $246.
3. Accrued Interest Payable at the end of 2008 is $116.
4. Create a Provision for Annual Leave $180.
5. Accrued Interest Receivable at the end of 2008 is $164
6. Create a Provision for Income Tax $2,700 for the year ended 2008.
7. Bad debts to be written off amount to $165
8. Adjust the provision for doubtful debts to 4% of Accounts receivable
Transaction period
The reports to be generated are for the financial years ending 30th June 2007 and 30th June 2008.
Process
To go from input to output the following steps are suggested:
For 2007 - MYOB
1. Set up the busin