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Please Enter in Your STUDENT ID Into Cell C2 and USERNAME Into Cell C3
Please Enter in Your STUDENT ID Into Cell C2 and USERNAME Into Cell C3
t began operations on 1 July 2017 under the business name 'Player1 VR Headsets'. The businessretails the top of the line Virtual Reality headsets that retails for $550
ding GST) and costs $275 (including GST) to purchase from a supplier 'IOI Suplies Corporation'. Ernest also does installation and maintennance work to which he charges
(including GST) per hour for his time. The business is currently operating in Melbourne's South-East next to Deakin University. The business is registered for GST which
t pays annually.
Please Enter in Your STUDENT ID into cell C2 and USERNAME into cell C3
yer1 VR Headsets has the following opening balances at the 1 January in the current year:
Account name Value
nsactions for the month of January in the current year (all dollar amounts include GST where applicable)
Instructions:
-For each of the transactions listed on the Sheet 1 - "Description", you will need to complete the corresponding journal entry by filling out the journal below.
-You must write the Date, Account Name, and fill out the value in the corresponding values in the Debit (Dr) or Credit (Cr) column.
-There is no need to indent your accounts and also narrations are NOT required
-Please ensure that your date format is in dd/mm/yyyy format and that your dates fall between 1 Jan 2018 - 31 Jan 2018.
-Please leave a blank row/line inbetween each transaction.
-Note: The account name used in the journal must come from the drop down menu.
-Failure to follow the instructions precisely may result in a loss of marks.
TOTAL - -
Instructions:
-For each of the journals entries (where appropriate) you will need to fill out both of the ledger below.
-You MUST write the Date, Explanation, and then fill out the value in the corresponding Debit or Credit column (no
-Your explanation should contain the account names as per your journal entries seperated by a comma (,) where ne
-Please ensure that your date format is in dd/mm/yyyy format and that your dates fall between 1 Jan 2018 - 31 Jan
-Please leave a blank row/line inbetween each entry
-Failure to follow the instructions precisely may result in a loss of marks.
101 Cash
Date Explanation Debit Credit
Balance
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Balance
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