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Financial Accounting Tutorial Guide

This document outlines the tutorial for ACCG1000 Accounting in Society, focusing on financial accounting practices such as posting journals and preparing trial balances. It includes exercises and examples related to general journals, trial balances, and various accounting entries for companies like Bookit Pty Ltd and Mahon Consultants Pty Ltd. The tutorial is due the week commencing March 29, 2021.

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harji
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4 views9 pages

Financial Accounting Tutorial Guide

This document outlines the tutorial for ACCG1000 Accounting in Society, focusing on financial accounting practices such as posting journals and preparing trial balances. It includes exercises and examples related to general journals, trial balances, and various accounting entries for companies like Bookit Pty Ltd and Mahon Consultants Pty Ltd. The tutorial is due the week commencing March 29, 2021.

Uploaded by

harji
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

MACQUARIE BUSINESS

SCHOOL
Department of Accounting and
Corporate Governance

ACCG1000 Accounting in Society


WEEK 6 – TUTORIAL 6: Financial accounting for business –
posting journals and preparing trial balance
(Due week commencing 29 March, 2021)

Chapter 2: Q 2.8 (p. 137)

(a)

(b)

Chapter 2: Q 2.9 (p.137)

Page 1 of 9
Chapter 2: E 2.7 (p.140)

Bookit Pty Ltd


General journal

Account Debit Credit


1

Page 2 of 9
Chapter 2: E 2.8 (p.140)

Cash at Bank
Date Account $ Date Account $

Office Equipment
Date Account $ Date Account $

Bank Loan
Date Account $ Date Account $

Share capital
Date Account $ Date Account $

Sales Revenue
Date Account $ Date Account $

Page 3 of 9
(b)

Ink Pad Printers Ltd


Trial balance
as at 31 August 2020

Account Name Debit Credit


$ $
Cash
Accounts receivable
Office Equipment
Bank Loan
Share Capital
Service revenue

Page 4 of 9
Chapter 2: E 2.11 (p.141)
(a)

Error In balance Difference Column with larger


(Yes/ No) total
(if applicable)
1
2

3
4
5
6

(b)

Page 5 of 9
Chapter 2: PSA 2.5 (p. 144)
Mahon Consultants Pty Ltd

April Account Post Debit Credit


Ref
1

10

11

20

30

30

Page 6 of 9
(b)

Cash at Bank
Date Account $ Date Account $

Accounts Receivable
Date Account $ Date Account $

Supplies
Date Account $ Date Account $

Accounts payable
Date Account $ Date Account $

Revenue in advance
Date Account $ Date Account $

Page 7 of 9
Share capital
Date Account $ Date Account $

Service revenue
Date Account $ Date Account $

Salaries expense
Date Account $ Date Account $

Rent expense
Date Account $ Date Account $

Page 9 of 9
(c)
Mahon Consultants Pty Ltd
Trial Balance as at 30 April 2019

Account Name Debit Credit


$ $
Cash
Accounts receivable
Supplies
Accounts payable
Revenue received in advance
Share Capital
Service revenue
Salaries expense
Rent expense

Page 9 of 9

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