Solution
Kiran answered on
Dec 09 2021
Sheet1
a) Create a General Ledger using the Trial Balance and account opening Balances
b) Post day adjustments to the General Ledger.
c) Post closing entries to relavant ledger.
Sally Goldberg
GENERAL LEDGER
Account Name Accumulated Depreciation - Equipment
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $2,160
Adjustment (4) $4,080 $6,240
Account Name Accumulated Depreciation - Motor Vehicle
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $8,000
Adjustment (5) $6,000 $14,000
Account Name Advertising
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $3,850
Adjustment (1) $400 $3,450
Closing (2) $3,450 $0
Account Name Allowance for Doubtful debts
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $50
Adjustment (7) $500 $450
Adjustment (8) $592 $142
Account Name Sales
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $153,000
Closing (1) $153,000 $0
Account Name Capital - Sally Goldberg
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $31,300
Closing (3) $37,983 $69,283
Closing (4) $10,400 $58,883
Account Name Cash at Bank
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $8,960
Account Name Accounts Payable Control
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $4,000
Account Name Accounts Receivable Control
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $6,000
Adjustment (7) $550 $5,450
Account Name Drawings - Richard Bube
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $10,400
Closing (4) $10,400 $0
Account Name Equipment at Cost
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $27,200
Account Name GST Collected
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $3,700
Adjustment (7) $50 $3,650
Closing $2,000 $1,650
Account Name GST Paid
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $2,000
Closing $2,000 $0
Account Name Interest on Loan - B Stewart
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $1,200
Adjustment (6) $200 $1,400
Closing (1) $1,400 $0
Account Name Loan to B Stewart
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $10,000
Account Name Motor Vehicle - at cost
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $32,000
Account Name Provision for long service leave
Date Account Debit Credit Balance
Debit Credit
June. 30 Balance $1,000
Adjustment (3) $895 $1,895
Account...