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