GENERAL LEDGER Name BANK ACCOUNT Acct No 100 Date Details Po

GENERAL LEDGER

Name: BANK ACCOUNT

Acct No.: 100

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

14,632.20

June

30

Payments

CPJ12

16,535.42

30

Receipts

CRJ14

9,122.24

July

Name: PETTY CASH

Acct No.: 105

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

200.00

Name: ACCOUNTS RECEIVABLE

Acct No.: 110

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

5,760.00

June

30

Bank Account

CRJ14

6,885.60

30

Sales

SJ10

8,695.60

July

Name: PREPAID INSURANCE

Acct No.: 120

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

381.25

June

30

Insurance

GJ20

381.25

Name: PREPAID RATES AND TAXES

Acct No.: 130

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

164.75

June

30

Rates and Taxes

GJ20

164.75

Name: GST PAID (OUTLAYS)

Acct No.: 140

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

1,905.75

June

27

Accounts Payable

GJ20

15.00

30

Accounts Payable

PJ11

527.46

30

Bank Account

CPJ12

12.60

30

Bank Account

CPJ12

90.49

July

Name: BUILDINGS AND IMPROVEMENTS (COST)

Acct No.: 160

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

350,000.00

Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS

Acct No.: 161

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

43,750.00

30

Depreciation

GJ20

729.00

Name: HIRE EQUIPMENT (COST)

Acct No.: 170

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

108,000.00

June

17

Bank Account

CRJ14

599.09

6

Accounts Payable

PJ11

2,418.18

17

Accumulated Depreciation

GJ20

183.91

26

Accounts Payable

PJ11

1,500.00

27

Accounts Payable

GJ20

150.00

July

Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT

Acct No.: 171

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

17

HECost/Profit

GJ20

464.00

June

1

Balance

67,500.00

30

Depreciation

GJ20

1,924.00

July

Name: MOTOR VEHICLES (COST)

Acct No.: 180

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

29,900.00

Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES

Acct No.: 181

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

8,970.00

30

Depreciation

GJ20

498.00

Name: STORE EQUIPMENT (COST)

Acct No.: 190

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

14,700.00

Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT

Acct No.: 191

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

6,615.00

30

Depreciation

GJ20

184.00

Name: ACCOUNTS PAYABLE

Acct No.: 200

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

27

Hire Equipment/GST

GJ20

165.00

June

1

Balance

5,824.00

30

Bank Account

CPJ12

6,131.00

30

Purchases

PJ11

5,802.00

July

Name: GST COLLECTED

Acct No.: 210

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

30

Bank Account

CRJ14

30.96

June

1

Balance

5,745.90

30

Accounts Receivable

SJ10

790.51

30

Bank Account

CRJ14

234.29

July

Name: PAYG WITHHOLDING PAYABLE

Acct No.: 220

Date

Details

Post Ref

Debit

Date

Details

Post Ref

Credit

June

1

Balance

1,120.00

28

Bank Account

CPJ12

540.00

GENERAL LEDGER
Name: BANK ACCOUNT	Acct No.: 100
Date	Details	Post Ref	Debit	Date	Details	Post Ref	Credit
June	1	Balance		14,632.20	June	30	Payments	CPJ12	16,535.42
	30	Receipts	CRJ14	9,122.24
July

Pro Diver Adjusted Trial Balance as at 30 June 20Xx Account Number 100 105 110 120 130 140 160 161 Account Debit Credit Bank Account Petty Cash Accounts Receivable Prepaid Insurance Prepaid Rates and Taxes GST Paid (Outlays) Buildings and Improvements (Cost) Accumula Improvements Hire Equipment (Cost) Accumulated Depreciation Hire Equipment Motor Vehicles (Cost) Accumulated Depreciation - Motor Vehicles Store Equipment (Cost) Accumulated Depreciation - Store Equipment Accounts Payable GST Collected PAYG Withholding Payable Superannuation Payable Wages and Salaries Payable Bank Loan Capital 7,219.02 200.00 7,570.00 2,496.10 350,000.00 ted Depreciation - Bldgs and 44,479.00 170 110,985.18 68,960.00 180 181 190 191 200 210 220 230 240 280 310 29,900.00 9,468.00 14,700.00 6,799.00 5,330.00 6,739.74 1,660.00 414.00 80.00 219,191.67 151,156.00

Solution

Hire service income 1,27,248.91 Lesson income     20,810.00 Discounts received           518.05 Freight collected             85.00 Profit on sale of PPE           280.09 Income summary 1,48,942.05 [ To close income accounts] Advertising        2,150.00 Bank charges           127.10 Cleaning           900.00 Depreciation     38,658.00 Discounts given           309.60 Electricity        3,480.50 Freight expense        1,113.26 Insurance        4,575.00 Interest expense     15,194.47 Motor vehicle expense        2,610.00 Office supplies           118.80 Printing and postage           164.55 Rates and taxes        1,977.00 Repairs and maintenance           995.00 Diving instruction charges     14,915.45 Staff amenities           260.83 Superannuation        1,818.00 Telephone        1,479.60 Wages and salaries     20,280.00 Income summary [To close expense accounts 1,11,127.16 Income summary     37,814.89 Capital     37,814.89 [To close profit for the year] Capital 1,51,156.00 Drawings 1,51,156.00 [ Toclose drawings]