Exercise 9.
1 Source documents - Stitch in Time
Source document
Transaction
Explanation
Purchases Journal
Date Accounts Payable Inv. No. Inventory of GST Total
materials Accounts
Payable
TOTALS $
Explanation
© Simmons & Hardy 1 Cambridge University Press, 2019
e
Element Increase/Decrease/No Effect Amount $
Asset
Liability
Owner’s equity
© Simmons & Hardy 2 Cambridge University Press, 2019
Exercise 9.2 Purchases Journal - Sparky Electricians
Explanation
Purchases Journal
Date Accounts Payable Inv. No. Inventory of GST Total
materials Accounts
Payable
TOTALS $
Explanation
© Simmons & Hardy 3 Cambridge University Press, 2019
d
Explanation
© Simmons & Hardy 4 Cambridge University Press, 2019
Exercise 9.3 Purchases Journal and Cash Payments Journal - Heel ‘n’
Toe
Purchases Journal
Date Accounts Payable Inv. No. Inventory of GST Total
materials Accounts
Payable
TOTALS $
Cash Payments Journal
Date Details Doc. Bank Accounts Drawings Wages Sundries GST
Payables
TOTALS $
© Simmons & Hardy 5 Cambridge University Press, 2019
b
Explanation
Calculatio
n
Accounts Payable balance $
Explanation
© Simmons & Hardy 6 Cambridge University Press, 2019
Exercise 9.4 Journals and Accounts Payable – ‘Mow and Mulch’
Purchases Journal
Date Accounts Payable Inv. No. Inventory of GST Total
materials Accounts
Payable
TOTALS $
Cash Payments Journal
Date Details Doc. Bank Accounts Drawings Wages Sundries GST
Payables
TOTALS $
© Simmons & Hardy 7 Cambridge University Press, 2019
© Simmons & Hardy 8 Cambridge University Press, 2019
b
Calculatio
n
Accounts Payable balance $
Explanation
© Simmons & Hardy 9 Cambridge University Press, 2019
Exercise 9.5 Source documents - Good as New
Source document
Transaction
Explanation
Explanation
Sales Journal
Date Accounts Receivable Inv. No. Fees GST Total
Accounts
Receivable
TOTALS $
© Simmons & Hardy 10 Cambridge University Press, 2019
e
Element Increase/Decrease/No Effect Amount $
Asset
Liability
Owner’s equity
© Simmons & Hardy 11 Cambridge University Press, 2019
Exercise 9.6 Sales Journal - Cut and Groom
Source document number
Sales Journal
Date Accounts Receivable Inv. No. Fees GST Total
Accounts
Receivable
TOTALS $
Reason 1
Reason 2
Explanation
© Simmons & Hardy 12 Cambridge University Press, 2019
Exercise 9.7 Sales Journal and Cash Receipts Journal - Unbreakable
Gear
Explanation
Explanation
Sales Journal
Date Accounts Receivable Inv. No. Fees GST Total
Accounts
Receivable
TOTALS $
© Simmons & Hardy 13 Cambridge University Press, 2019
Cash Receipts Journal
Date Details Rec. No. Bank Accounts fees Sundries GST
Receivable
TOTALS $
Calculatio
n
Accounts Receivable balance $
Explanation
© Simmons & Hardy 14 Cambridge University Press, 2019
Exercise 9.8 Credit transactions - Musical Beat
Purchases Journal
Date Accounts Payable Inv. No. Inventory of GST Total
materials Accounts
Payable
TOTALS $
Sales Journal
Date Accounts Receivable Invoice No. Fees GST Total
Accounts
Receivable
TOTALS $
© Simmons & Hardy 15 Cambridge University Press, 2019
Cash Receipts Journal
Date Details Rec. No. Bank Accounts Fees Sundries GST
Receivable
TOTALS $
Cash Payments Journal
Date Details Doc. Bank Accounts Drawings Wages Sundries GST
Payable
TOTALS $
Calculatio
n
© Simmons & Hardy 16 Cambridge University Press, 2019
Accounts Payable balance $
Calculatio
n
Accounts Receivable balance $
Explanation
© Simmons & Hardy 17 Cambridge University Press, 2019
Exercise 9.9 Statement of Account - No Drips Painting
Explanation
Explanation
Explanation
© Simmons & Hardy 18 Cambridge University Press, 2019
