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spreadsheet version: PCA3e.S1
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
© 2006-2010 Excel spreadsheet companion for:
PublisherPerdiscoSuite 2, Level 1, 89-97 Jones StreetUltimo, NSW 2007 AustraliaWebsite: www.perdisco.com.auEmail: info@perdisco.com.au
Production teamCommissioning publisher and development editor: Jon CarterAuthors: Raechel Wight and Julyana CahyadiTechnical editor: Liam CareyGraphic designer: Ryan Dunn
Publisher's thanks
Copyright notice
About the authors
Perdisco Coffee and Café Supplier Accounting Practice Set, Australasian Edition 3
This practice set contains instructional content and questions selected from our comprehensive catalogue. The production credits acknowledge the key contributors to this work. In addition to those people listed, Perdisco would like to thank all authors, designers and technical experts (past and present) who have made possible the delivery of our high quality, academically rigorous and technically advanced learning resources.
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Raechel Wight (B.Bus., B.V.A) is an educator and author who has taught undergraduate accounting at a number of universities. She has many years experience writing educational resources for accounting students and, in her prior professional career, worked as an auditor for Deloitte.
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Julyana Cahyadi (B.Com., M.Bus.) teaches financial accounting and financial statement analysis to undergraduate students. She previously worked as a researcher for the National Centre for Banking and Capital Markets and has since then undertaken various consulting roles in Australia and overseas.
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
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COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Instructions for using this Excel Spreadsheet
It is important that all users of this Spreadsheet read and understand these instructions.
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Enter opening balances: Note that this Spreadsheet is not set up with the required opening balances of its various ledger accounts. You must do this step. Before starting to enter any work into this Spreadsheet you must first obtain a copy of the Practice Set and transfer all of the 31 May opening balances for each ledger account from that document into the ‘Accts receivable subsidiary’, ‘Accts payable subsidiary’ and ‘General ledger’ tabs of this
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COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General journal
Date Account and Explanation Post Ref. Debit Credit
June 11 Sales Returns and Allowances 401 1,198 ARC - SloZone 110-3 1,198(sales return)
June 18 Abejundio Coffee 210-3 1,403 Purchase Returns and Allowances 501 1,403(purchase return)
june 30 Depn Expense: Cash Registers 156156
(adjusting entry)
Depn Expense: Store Fixtures 366Accum Depn: Store Fixtures 366(adjusting entry)
Water Expense 235235
(adjusting entry)
Electricity Expense 874Electricity Payable 874(adjusting entry)
Wages Expense 516 1,320220 1,320
(adjusting entry)
Interest Expense 571 275Interest payable 225 275(adjusting entry)
Interest receivable 235 235Interest revenue 403 235(adjusting entry)
Rent expenses 540 3,000prepaid rent 140 3,000(adjusting entry)
advertising expense 511 3,000prepaid advertising 141 3,000(adjusting entry)
insurance expense 543 590prepaid insurance 142 590(adjusting entry)
june 30 profit and loss summary 310 43,214Sales Returns and Allowances 401 1,198Advertising Expense 511 3,000
Accum Depn: Cash Registers
Water Payable
Wages Payable
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General journal
Date Account and Explanation Post Ref. Debit Credit
Wages Expense 516 12,005Rent Expense 540 3,000Electricity Expense 541 874Water Expense 542 235insurance Expense 543 590Office Supplies Expense 544 3,046Salary Expense 545 5,200Depn Expense: Cash Registers 560 156Depn Expense: Store Fixtures 561 366Interest Expense 571 275Bank Charges 572 5Discount Allowed 572 284(Closing entry to debit the Profit and Loss Summary account)cost of goods sale 12,980
june 30 sales revenue 400 46,370discount received 402 66interest revenue 403 335purchase return and allowance 1,403profit and loss summary 48,174(closing entry to credit the profit and loss summary account)
june 30 profit and loss summary 310 3,749june 30 retained earning 3,749
(To close the balance of the Profit and Loss Summaryaccount)
june 30 Office supplies expenses 544 3,046june 30 Office supplies 3,046
(adjusting entry)
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General journal
Date Account and Explanation Post Ref. Debit Credit
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General journal
Date Account and Explanation Post Ref. Debit Credit
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General journal
Date Account and Explanation Post Ref. Debit Credit
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Sales journal
Date Account Post Ref. Amount
June 7 110-3 ARC - SloZone 201 110-3 1,435June 12 110-6 ARC - Jandesh's Hot Spot 202 110-6 484June 17 110-5 ARC - Revamp Coffee Carts 203 110-5 2,060June 24 110-6 ARC - Jandesh's Hot Spot 204 110-6 470
Total 4,449Post Reference 400
Invoice No.
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Purchases journal
Date Account Terms Post Ref. Amount
june 1 210-3 APC - Abejundio Coffee net 30 210-3 160june 1 210-1 APC - Brazil Imports Group 2/10,n/30 210-1 200june 30 210-4 APC - Buena Vista Coffee 2/10,n/30 210-4 155
Total 515Post reference 500
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Cash receipts journal
Date Account Post Ref.
Debit Credit
Cash at Bank Sales Revenue
june 1 bank loan x 55,000 55,000June 4 Sales Revenue 400 5,961 5,961june 9 110-1 ARC - Central Coffee 110-1 2,560 284 2,844june 11 Sales Revenue 400 10,081 10,081june 18 Sales Revenue 400 9,658 9,658june 19 110-6 ARC - Jandesh's Hot Spot 110-6 300 300june 21 110-3 ARC - SloZone 110-3 2,381 2,381june 25 Sales Revenue 400 9,592 9,592june 30 110-4 ARC - Quick Bolt Coffee 110-4 3,701 3,701june 30 Sales Revenue 400 6,629 6,629june 30 110-6 ARC - Jandesh's Hot Spot 110-6 -300 -300june 30 403 Interest Revenue 403 235 235
Total 105,798 284 41,921 8,926 55,235Post Reference 100 402 400 110 x
Discount Allowed
Accounts Receivable
Other Accounts
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Cash payments journal
Date Account Post Ref.
Debit Credit
Purchases Cash at Bank
June 2 210-2 APC - East Tangiers Co-op. 903 210-2 3,781 3,743 38june 2 210-4 APC - Buena Vista Coffee 904 210-4 1,413 1,385 28June 4 Purchase 905 500 220 220June 13 210-5 APC - Klam Wholesalers 906 210-5 3,144 3,144June 15 516 Wages Expense 907 516 5,103 5,103June 26 210-1 APC - Brazil Imports Group 908 210-1 3,632 3,632June 27 210-3 APC - Abejundio Coffee 909 210-3 3,425 3,425June 29 516 Wages Expense 910 516 5,582 5,582June 30 545 Salary Expense 911 545 5,200 5,200june 30 572 Bank Charges x 572 5 5
Total 15,395 220 15,890 31,439 66Post reference 210 500 x 100 573
Check No. Accounts
PayableOther
AccountsDiscount Received
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Accounts receivable subsidiary ledger
Account No. 110-1
Date Description Ref. Debit Credit Balance
May 31 Balance 2,844 DrJune 9 Repayment CRJ 2,844 0
0
Account No. 110-2
Date Description Ref. Debit Credit Balance
May 31 Balance 3,881 dr
3,881 Dr
Account No. 110-3
Date Description Ref. Debit Credit Balance
May 31 Balance 2,144 DrJune 7 credit Sales SJ 1,435 3,579 drJune 11 sales return GJ 1,198 2,381 drJune 21 repayment CRJ 2,381 0
0
Account: ARC - Central Coffee
Account: ARC - Con's Coffee
Account: ARC - SloZone
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Accounts receivable subsidiary ledger
Account No. 110-4
Date Description Ref. Debit Credit Balance
May 31 Balance 3,701 drJune 30 repayment CRJ 3,701 0
0
Account No. 110-5
Date Description Ref. Debit Credit Balance
May 31 Balance 0june 17 Credit sales SJ 2,060 2,060 dr
2,060 Dr
Account No. 110-6
Date Description Ref. Debit Credit Balance
May 31 balance 0June 12 credit sale SJ 484 484 DrJune 19 repayment CRJ 300 184 drJune 24 credit sales SJ 470 654 drJune 30 dishonoured cheque CRJ 300 954 Dr
954 Dr
Account: ARC - Quick Bolt Coffee
Account: ARC - Revamp Coffee Carts
Account: ARC - Jandesh's Hot Spot
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Accounts payable subsidiary ledger
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 3,432 crjune 1 credit purchase PJ 200 3,632 crjune 26 repayment CPJ 3,632 0
0
Account No. 210-2
Date Description Ref. Debit Credit Balance
May 31 balance 3,781 crJune 2 repayment CPJ 3,781 0
0
Account No. 210-3
Date Description Ref. Debit Credit Balance
may 31 Balance 4,668 crjune 1 credit purchase PJ 160 4,828 crjune 18 Purchase return and allowances GJ 1,403 3,425 crjune 27 repayment CPJ 3,425 0
0
Account: APC - Brazil Imports Group
Account: APC - East Tangiers Co-op.
Account: APC - Abejundio Coffee
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Accounts payable subsidiary ledger
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 balance 1,413 crJune 2 repayment CPJ 1,413 0June 30 credit purchase PJ 155 155 cr
155 cr
Account No. 210-5
Date Description Ref. Debit Credit Balance
May 31 balance 3,144 crJune 13 repayment CPJ 3,144 0
0
Account No. 210-6
Date Description Ref. Debit Credit Balance
May 31 Balance 0
0
Account: APC - Buena Vista Coffee
Account: APC - Klam Wholesalers
Account: APC - Jordo Gourmet Coffee
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 29,477 DrJune 30 total from cash receipt journal CRJ 105,798 135,275 DrJune 30 total from cash payment journal CPJ 31,439 103,836 Dr
june 30 unadjusted balance 103,836 Dr
Account No. 102
Date Description Ref. Debit Credit Balance
May 31 Balance 20,000 Dr
20,000 dr
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 12,570 DrJune 11 Sales return from slo zones GJ 1,198 11,372 Drjune 30 Total from Sales journal SJ 4,449 15,821 drjune 30 Total from cash receipt journal CRJ 8,926 6,895 Dr
june 30 unadjusted balance 6,895 Dr
Account: Cash at Bank
Account: Short-term Investments
Account: ARC - Accounts Receivable Control
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 112
Date Description Ref. Debit Credit Balance
May 31 Balance 0june 31 interest GJ 100 100 dr
100 dr
Account No. 120
Date Description Ref. Debit Credit Balance
May 31 Balance 73,322 Drsales return from sloZone GJ 1,198 74,520 drpurchase return to abejundio GJ 1,403 73,117 dr
60,857
Account No. 130
Date Description Ref. Debit Credit Balance
May 31 Balance 7,083 Drjune 31 office supplies used GJ 4,037 3,046 dr
3,046 dr
Account: Interest Receivable
Account: Inventory
Account: Office Supplies
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 140
Date Description Ref. Debit Credit Balance
May 31 Balance 6,000 Drjune 30 rent expense GJ 3,000 3,000 dr
3,000 dr
Account No. 141
Date Description Ref. Debit Credit Balance
May 31 Balance 9,000 Drjune 30 advertising expense GJ 3,000 6,000 dr
6,000 dr
Account No. 142
Date Description Ref. Debit Credit Balance
May 31 Balance 2,950 Drjune 30 insurance expired-june GJ 590 2,360 dr
2,360 dr
Account: Prepaid Rent
Account: Prepaid Advertising
Account: Prepaid Insurance
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 150
Date Description Ref. Debit Credit Balance
May 31 Balance 9,000 Dr
9,000 dr
Account No. 151
Date Description Ref. Debit Credit Balance
may 31 balance 2,031 crjune 30 depriciation-one month GJ 156 2,187 cr
2,187 cr
Account No. 160
Date Description Ref. Debit Credit Balance
may 31 balance 43,000 43,000 dr
43,000 dr
Account: Cash Registers
Account: Accum Depn: Cash Registers
Account: Store Fixtures
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 161
Date Description Ref. Debit Credit Balance
may 31 balance 13,532 13,532 crjune 30 depriciation-one month GJ 366 13,898 cr
13,898 cr
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 16,438 CrJune 18 Purchase Returns to abejundio coffee 1,403 15,035 CrJune 30 total from purchase journal PJ 515 15,550 CrJune 30 total from cash payment journal CPJ 15,395 155 Cr
unadjusted balance 155 cr
Account No. 220
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 wage expense GJ 1,320 1,320 cr
1,320 cr
Account: Accum Depn: Store Fixtures
Account: APC - Accounts Payable Control
Account: Wages Payable
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 221
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 electricity expense GJ 874 874 cr
874 cr
Account No. 222
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 water expense GJ 235 235 cr
235 cr
Account No. 225
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 interest expense GJ 275 275 cr
275 cr
Account: Electricity Payable
Account: Water Payable
Account: Interest Payable
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 250
Date Description Ref. Debit Credit Balance
may 31 balance 0june 1 loan payanle 55,000 55,000 Cr
55,000 cr
Account No. 300
Date Description Ref. Debit Credit Balance
may 31 balance 80,000 80,000 cr
80,000 cr
Account No. 301
Date Description Ref. Debit Credit Balance
may 31 balance 100,401 100,401 crjune 30 tranfer from profit and loss summary GJ 3,749 104,150 cr
june 30 post closing balance 104,150 cr
Account: Bank Loan Payable
Account: Share Capital
Account: Retained Earnings
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 310
Date Description Ref. Debit Credit Balance
may 31 balance 0
june 30 GJ 43,214 43,214 dr
june 30 GJ 48,174 3,947 cr
june 30 transfer to retained earning GJ 3,947 0
june 30 post closing balance 0
Account No. 400
Date Description Ref. Debit Credit Balance
May 31 Balance 0June 30 Total from Sales Journal SJ 4,449 4,449 crJune 30 Total from cash receipt Journal CRJ 41,921 46,370 crjune 30 closing entry GJ 46,370 0
june 30 post closing entry 0
Account No. 401
Date Description Ref. Debit Credit Balance
May 31 balance 0june 11 sales return from slozone GJ 1,198 1,198 drjune 30 closing entry GJ 1,198 0
une 30 post closing entry 0
Account: Profit and Loss Summary
closing entry to debit the profit and loss summary
closing entry to credit the profit and loss summary
Account: Sales Revenue
Account: Sales Returns and Allowances
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 402
Date Description Ref. Debit Credit Balance
May 31 balance 0june 30 total from cash payment journal CPJ 66 66 crjune 30 closing entry GJ 66 0
june 30 post closing entry 0
Account No. 403
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 interest received from bank CRJ 235 235 cr
accrued interest revenue GJ 100 335 crclosing entry GJ 335 0
june 30 post closing balance 0
Account No. 500
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 total from cash payment journal CPJ 515 515 cr
Account: Discount Received
Account: Interest Revenue
Account: Purchases
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 501
Date Description Ref. Debit Credit Balance
may 31 balance 0june 18 purchase returrn to abejundio coffee GJ 1,403 1,403 cr
1,403 cr
Account No. 511
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 benefit consumed GJ 3,000 3,000 drjune 30 closing entry GJ 3,000 0
june 30 post closing entry 0
Account No. 516
Date Description Ref. Debit Credit Balance
May 31 0June 15 paid wages CPJ 5,103 5,103 drJune 29 paid wages CPJ 5,582 10,685 drjune 30 accrued wages GJ 1,320 12,005 drjune 30 closing entry 12,005 0
june 30 post closing balance 0
Account: Purchase Returns and Allowances
Account: Advertising Expense
Account: Wages Expense
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 540
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 rent expired GJ 3,000 3,000 drjune 30 closing entry GJ 3,000 0
june 30 post closing entry 0
Account No. 541
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 accrued electricity expense GJ 874 874 drjune 30 closing entry GJ 874 0
june 30 post closing balance 0
Account No. 542
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 accrued water expense GJ 235 235 drjune 30 closing entry GJ 235 0
june 30 post closing entry 0
Account: Rent Expense
Account: Electricity Expense
Account: Water Expense
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 543
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 insurance expired GJ 590 590 drjune 30 closing entry GJ 590 0
june 30 post closing balance 0
Account No. 544
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 supplies used GJ 3,046 3,046 drjune 30 closing entry GJ 3,046 0
june 30 post closing entry 0
Account No. 545
Date Description Ref. Debit Credit Balance
May 31 0June 30 paid salary CPJ 5,200 5,200 drjune 30 closing entry GJ 5,200 0
june 30 post closing entry 0
Account: Insurance Expense
Account: Office Supplies Expense
Account: Salary Expense
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 560
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 depriciation-one month GJ 156 156 drjune 30 closing entry GJ 156 0
june 30 post closing balance 0
Account No. 561
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 depriciation-one month GJ 366 366 drjune 30 closing entry GJ 366 0
june 30 post closing balance 0
Account No. 571
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 accrued interest expenses GJ 275 275 drjune 30 closing entry GJ 275 0
june 30 post closing balance 0
Account: Depn Expense: Cash Registers
Account: Depn Expense: Store Fixtures
Account: Interest Expense
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
General ledger
Account No. 572
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 transaction fee CPJ 5 5 drjune 30 closing entry GJ 5 0
june 30 post closing entry 0
Account No. 573
Date Description Ref. Debit Credit Balance
may 31 balance 0june 30 total from cash receipt journal CRJ 284 284 drjune 30 closing entry GJ 284 0
june 30 post closing entry 0
Account: Bank Charges
Account: Discount Allowed
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Bank reconciliation statement
Balance as per Bank Statement 103658 (Cr)Add:-deposit in transit 2,381deposit in transit 6,629Total 9,010
112668(Cr)
Less:-unrepresented cheque no. 908 3,632unrepresented cheque no. 911 5,200Total 8,832
Adjusted Bank Balance 103836(cr)
Balance as per Ledger Account 103836(dr)
MoondollarsBank Reconciliation Statement
As at 30 June 20XX
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Moondollars - WorksheetAs at 30 June 20XX
Account NameAdjustments Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit100 Cash at bank 103,836 103,836 103,836102 Short-term Investments 20,000 20,000 20,000110 ARC - Accounts Receivable Control 6,895 6,895 6,895112 Interest Receivable 100 100 100120 Inventory 73,322 60857 60,857130 Office Supplies 7,083 4,037 3,046 3,046140 Prepaid Rent 6,000 3,000 3,000 3,000141 Prepaid Advertising 9,000 3,000 6,000 6,000142 Prepaid Insurance 2,950 590 2,360 2,360150 Cash Registers 9,000 9,000 9,000151 Accum Depn: Cash Registers 2,031 156 2,187 2,187160 Store Fixtures 43,000 43,000 43,000161 Accum Depn: Store Fixtures 13,532 366 13,898 13,898210 APC - Accounts Payable Control 155 155 155220 Wages Payable 1,320 1,320 1,320221 Electricity Payable 874 874 874222 Water Payable 235 235 235225 Interest Payable 275 275 275250 Bank Loan Payable 55,000 55,000 55,000300 Share Capital 80,000 80,000 80,000301 Retained Earnings 100,401 100,401 100,401
Acct. No.
Unadjusted Trial Balance
Adjusted Trial Balance
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Moondollars - WorksheetAs at 30 June 20XX
Account NameAdjustments Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Acct. No.
Unadjusted Trial Balance
Adjusted Trial Balance
400 Sales Revenue 46,370 46,370 46,370401 Sales Returns and Allowances 1,198 1,198 1,198402 Discount Received 66 66 66403 Interest Revenue 235 100 335 335500 Purchases501 Purchase Returns and Allowances 1,403 1,403 1,403511 Advertising Expense 3,000 3,000 3,000516 Wages Expense 12,005 12,005 12,005540 Rent Expense 3,000 3,000 3,000541 Electricity Expense 874 874 874542 Water Expense 235 235 235543 Insurance Expense 590 590 590544 Office Supplies Expense 3,046 3,046 3,046545 Salary Expense 5,200 5,200 5,200560 Depn Expense: Cash Registers 156 156 156561 Depn Expense: Store Fixtures 366 366 366571 Interest Expense 275 275 275572 Bank Charges 5 5 5573 Discount Allowed 284 284 284
Totals 12,962 12,962
Profit/loss 3,749 3,749Totals 48,174 48,174 258,095 258,094
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Schedule of accounts receivable
Account No. Name
110-2 ARC - Con's Coffee 3,881110-5 ARC - Revamp Coffee Carts 2,060110-6 ARC - Jandesh's Hot Spot 954
Total 6,895
Schedule of accounts payable
Account No. Name Terms
210-1 APC - Brazil Imports Group 0210-2 APC - East Tangiers Co-op. 0210-3 APC - Abejundio Coffee 0210-4 APC - Buena Vista Coffee 155 2/10, n/30210-5 APC - Klam Wholesalers 0210-6 APC - Jordo Gourmet Coffee 0
Total 155
MoondollarsSchedule of Accounts Receivable
As at 30 June 20XX
Debit($)
Credit($)
MoondollarsSchedule of Accounts Payable
As at 30 June 20XX
Debit($)
Credit($)
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
Account No. Name
Cash at Bank 103,836Short-term Investments 20,000ARC - Accounts Receivable Control 6,895Interest Receivable 100Inventory 60,857Office Supplies 3,046GST OutlaysPrepaid Rent 3,000Prepaid Advertising 6,000Prepaid Insurance 2,360Cash Registers 9,000Accum Depn: Cash Registers 2,187Store Fixtures 43,000Accum Depn: Store Fixtures 13,898APC - Accounts Payable Control 155Wages Payable 1,320Electricity Payable 874Water Payable 235Interest Payable 275Bank Loan Payable 55,000Share Capital 80,000Retained Earnings 104,150
`
Total 258,094 258,094
Moondollars Post-closing trial balanceAs at 30 June 20XX
Debit($)
Credit($)
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
INCOME Revenue
sales revenue 46,370
Net sales revenueCOST OF SALES 12,980GROSS PROFIT 33,390OTHER INCOME
Interest revenue 335
TOTAL INCOME 33,725EXPENSES Selling and distribution expenses
Advertising expense 3,000
Total Selling and Distribution Expenses 3,000 Administrative expenses
Electricity 874Depiciation on cash register 156Depriciation on store fixture 366Insurance 590Rent 3,000Water expense 235Wage Expense 12,005Salaries 5,200Total Admistrative Expenses 22,426
Financial and other expensesInterest 275Bank charges 5
Total Financial expenses 280TOTAL EXPENSES 25,706
MoondollarsIncome Statement
For the month ended 30 June 20XX
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
PROFIT/(LOSS) BEFORE INCOME TAX 8,019
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
SHARE CAPITAL Opening balance 31 May 20XX 80,000 Issue of share capital Closing balance 30 June 20XX 80,000
RETAINED EARNINGS Opening balance 31 May 20XX 100,401 Profit/(loss) for the period 3,749 Dividend paid Closing balance 30 June 20XX 104,150
MoondollarsStatement of Changes in Equity
For the month ended 30 June 20XX
COFFEE CAFÉ SUPPLIER - AUSTRALASIAN EDITION 3 (PCA3e.S1)
ASSETS Current Assets
Cash At Bank 103,836Short Term Investment 20,000ARC- Account Receviable Control 6,895Interest Receivable 100Inventory 60,857Office Supplies 3,046Prepaid Rent 3,000Prepaid Advertising 6,000Prepaid Insurance 2,360
TOTAL CURRENT ASSETS 206,094Non-current Assets
Cash Register 9,000Accum Depn : Cash Register -2,187Store Fixtures 43,000Accum Depn: Store Fixtures -13,898
TOTAL NON-CURRENT ASSETS 35,915TOTAL ASSETS 242,009
LIABILITIES Current Liabilities
APC - Accounts Payable Control 155Wages Payable 1,320Electricity Payable 874Water Payable 235Interest Payable 275
TOTAL CURRENT LIABILITIES 2,859 Non-current Liabilities
Bank Loan Payable 55,000
TOTAL NON-CURRENT LIABILITIES 55,000TOTAL LIABILITIES 57,859NET ASSETS 184,150EQUITY
Share Capital 80,000Retained Earnings 104,150
TOTAL EQUITY 184,150
MoondollarsBalance sheet
As at 30 June 20XX
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