Dee Why Golf Range

End of Workbook

All Journals
1/12/2010 To 31/01/2011
Page 1
ID#
GJ

CD

$120,000.00

1
1
1

6/12/2010
Manly Equipment Hire Pty Ltd
1-1110 East Coast Bank Cheque Acco
1-2210 Land Improvement at Cost
2-1330 GST Paid

$5,000.00
$500.00

2
2
2

6/12/2010
North Shore Energy Ltd
1-1110 East Coast Bank Cheque Acco
6-4280 Electricity
2-1330 GST Paid

$250.00
$25.00

3
3

7/12/2010
Petty Cash
1-1110 East Coast Bank Cheque Acco
1-1140 Petty Cash

$200.00

1
1
1

8/12/2010
Spare Change Discount Store
2-1130 MasterCard
6-3310 General Office Expenses
2-1330 GST Paid

$258.30
$25.83

2
2
2

9/12/2010
Manly Megamart Pty Ltd
2-1130 MasterCard
1-2510 Office Furn & Equip at Cost
2-1330 GST Paid

$652.30
$65.23

CD

CD

CD
1
1
1

10/12/2010
Australia Post
1-1140 Petty Cash
6-3580 Postage
2-1330 GST Paid

$100,000.00

$5,500.00

$275.00

$200.00

$284.13

$717.53

$24.75
$22.50
$2.25

13/12/2010
Tech Head Computer Rentals
PP654MBG 1-1110 East Coast Bank Cheque Acco
PP654MBG 6-3600 Rent - Computer
PP654MBG 2-1330 GST Paid

$130.00
$13.00

24/12/2010
Jaguar Golf Gear Pty Ltd
1-1110 East Coast Bank Cheque Acco
1-1700 Deposits Paid

$6,970.00

CD
4
4

$143.00

$6,970.00

24/12/2010
Purchase; Manly Office Supplies Pty Ltd
00000006
2-1200 Trade Creditors
00000006
2-1200 Trade Creditors
00000006
6-3500 Office Supplies & Stationery
$320.00
00000006
2-1330 GST Paid
$32.00
31/12/2010
Purchase; Handyman Jim Pty Ltd
00000007
2-1200 Trade Creditors
00000007
2-1200 Trade Creditors
00000007
1-2510 Office Furn & Equip at Cost
00000007
6-4590 Range Mttce Costs

Credit

$60,000.00
$51,700.00
$800.00
$500.00
$5,000.00
$2,000.00

$100,000.00

CD

PJ

Debit

1/12/2010
Money Transfer
TR000001 1-1110 East Coast Bank Cheque Acco
TR000001 1-1115 East Coast Bank Investment A

CD

PJ

Account Name

1/12/2010
Formation journal entry
GJ000001 1-1110 East Coast Bank Cheque Acco
GJ000001 1-1110 East Coast Bank Cheque Acco
GJ000001 1-2510 Office Furn & Equip at Cost
GJ000001 1-2510 Office Furn & Equip at Cost
GJ000001 1-2610 Storeroom Equipment at Cost
GJ000001 1-2510 Office Furn & Equip at Cost
GJ000001 3-1100 Share Capital

CD

CD

Acct#

$320.00
$32.00

$7,950.00
$795.00
$7,830.00
$120.00

Job No.

Dee Why Golf Range

All Journals
1/12/2010 To 31/01/2011
Page 2
ID#
PJ
PJ

PJ

PJ

PJ

PJ

PJ

Account Name

Debit

31/12/2010
Purchase; Handyman Jim Pty Ltd
00000007
2-1330 GST Paid

$2,790.00
$279.00
$400.00
$200.00
$450.00
$420.00
$420.00
$300.00
$300.00
$300.00
$279.00

31/12/2010
Purchase; Aussie Golf Imports Pty Ltd
00000002
2-1200 Trade Creditors
00000002
2-1200 Trade Creditors
00000002
2-1200 Trade Creditors
00000002
1-2710 Range Equipment at Cost
$14,750.00
00000002
6-4595 Range Operating Costs
$355.00
00000002
2-1330 GST Paid
$1,530.50
00000002
5-1300 Freight Inwards
$200.00
4/01/2011
Purchase; Jaguar Golf Gear Pty Ltd
00000005
2-1200 Trade Creditors
00000005
2-1200 Trade Creditors
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
1-1300 Inventory
00000005
2-1330 GST Paid

$15,105.00
$1,530.50
$200.00

$42,700.00
$4,270.00
$7,500.00
$10,500.00
$6,500.00
$6,000.00
$6,500.00
$1,800.00
$1,500.00
$1,200.00
$1,200.00
$4,270.00

4/01/2011
Transfer from deposits
PJ000001
1-1700 Deposits Paid
PJ000001
2-1200 Trade Creditors
4/01/2011
Purchase; Aussie Golf Imports Pty Ltd
00000009
2-1200 Trade Creditors
00000009
2-1200 Trade Creditors
00000009
1-1300 Inventory
00000009
2-1330 GST Paid

$6,970.00
$6,970.00
$50.00
$5.00
$50.00
$5.00

4/01/2011
Aussie Golf Imports Pty Ltd: Debit from 00000009
PJ000002
2-1200 Trade Creditors
PJ000002
2-1200 Trade Creditors
$55.00
5
5

6/01/2011
Handyman Jim Pty Ltd
1-1110 East Coast Bank Cheque Acco
2-1200 Trade Creditors

$8,745.00

6
6

6/01/2011
Manly Office Supplies Pty Ltd
1-1110 East Coast Bank Cheque Acco
2-1200 Trade Creditors

$344.96

CD

Credit

$795.00

31/12/2010
Purchase; Aussie Golf Imports Pty Ltd
00000003
2-1200 Trade Creditors
00000003
2-1200 Trade Creditors
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
1-1300 Inventory
00000003
2-1330 GST Paid

CD

PJ

Acct#

$55.00

$8,745.00

$344.96

6/01/2011
Manly Office Supplies Pty Ltd: Discounts on 00000006
00000010
2-1200 Trade Creditors
$6.40
00000010
2-1200 Trade Creditors
$0.64

Job No.

Dee Why Golf Range

All Journals
1/12/2010 To 31/01/2011
Page 3
ID#
PJ

PJ

IJ

IJ

Acct#

Account Name

Debit

6/01/2011
Manly Office Supplies Pty Ltd: Discounts on 00000006
00000010
8-2000 Discount Received
00000010
2-1330 GST Paid
6/01/2011
Manly Office Supplies Pty Ltd: Debit from 00000010
PJ000003
2-1200 Trade Creditors
PJ000003
2-1200 Trade Creditors
$7.04

Credit

Job No.

$6.40
$0.64
$7.04

7/01/2011
Items used to build a set of demo irons
IJ000001
1-1300 Inventory
IJ000001
1-1300 Inventory
IJ000001
1-1300 Inventory
IJ000001
1-1310 Demo Inventory
$815.00

$70.00
$45.00
$700.00

7/01/2011
Items used to build a set of demo woods
IJ000002
1-1300 Inventory
IJ000002
1-1300 Inventory
IJ000002
1-1300 Inventory
IJ000002
1-1310 Demo Inventory
$683.00

$21.00
$12.00
$650.00

IJ

7/01/2011
Build; 4 IESSETBUD, -4 IESBAGJEC, -52 IRPGRPRBR, -52 IRPSHTFMR etc.
IJ000003
1-1300 Inventory
$5,564.00
IJ000003
1-1300 Inventory
$320.00
IJ000003
1-1300 Inventory
$104.00
IJ000003
1-1300 Inventory
$260.00
IJ000003
1-1300 Inventory
$2,000.00
IJ000003
1-1300 Inventory
$2,400.00
IJ000003
1-1300 Inventory
$480.00

IJ

10/01/2011
Stock lost in storeroom accident
IJ000004
5-1200 Stock Losses
IJ000004
1-1300 Inventory

SJ

SJ

CR

SJ

CR

IJ

16/01/2011
Sale; Dee Why TAFE
00000001
1-1205 Trade Debtors
00000001
1-1205 Trade Debtors
00000001
4-1200 Golf Lessons Income
00000001
2-1310 GST Collected
16/01/2011
Sale; CASH SALES
00000002
1-1205 Trade Debtors
00000002
1-1205 Trade Debtors
00000002
4-1500 Equipment Hire Income
00000002
2-1310 GST Collected
16/01/2011
CASH SALES for 00000002
CR000001 1-1180 Undeposited Funds
CR000001 1-1205 Trade Debtors
17/01/2011
Sale; CASH SALES
00000003
1-1205 Trade Debtors
00000003
1-1205 Trade Debtors
00000003
4-1200 Golf Lessons Income
00000003
4-1100 Equipment Sales Income
00000003
2-1310 GST Collected
00000003
5-1100 Cost of Goods Sold
00000003
1-1300 Inventory
17/01/2011
CASH SALES for 00000003
CR000002 1-1180 Undeposited Funds
CR000002 1-1205 Trade Debtors

$28.00
$28.00
$720.00
$72.00
$720.00
$72.00
$63.64
$6.36
$63.64
$6.36
$70.00
$70.00
$220.00
$22.00
$60.00
$160.00
$22.00
$80.00
$80.00
$242.00

19/01/2011
Transfer grips and shafts for custom made clubs
IJ000005
1-1300 Inventory

$242.00
$12.00

Dee Why Golf Range

All Journals
1/12/2010 To 31/01/2011
Page 4
ID#
IJ

SJ

CR

SJ

CR

GJ

Acct#

Account Name

Debit

19/01/2011
Transfer grips and shafts for custom made clubs
IJ000005
1-1300 Inventory
$12.00
IJ000005
1-1300 Inventory
IJ000005
1-1300 Inventory
$45.00
IJ000005
1-1300 Inventory
IJ000005
1-1300 Inventory
$91.00
19/01/2011
Sale; CASH SALES
00000004
1-1205 Trade Debtors
00000004
1-1205 Trade Debtors
00000004
4-1100 Equipment Sales Income
00000004
2-1310 GST Collected
00000004
5-1100 Cost of Goods Sold
00000004
1-1300 Inventory
00000004
1-1300 Inventory
00000004
1-1300 Inventory
00000004
1-1300 Inventory
00000004
1-1300 Inventory
19/01/2011
CASH SALES for 00000004
CR000003 1-1180 Undeposited Funds
CR000003 1-1205 Trade Debtors
20/01/2011
Sale; Beacon Hill Grammar
00000005
1-1205 Trade Debtors
00000005
1-1205 Trade Debtors
00000005
4-1200 Golf Lessons Income
00000005
4-1500 Equipment Hire Income
00000005
4-1300 Range Fees Income
00000005
2-1310 GST Collected
20/01/2011
Beacon Hill Grammar for 00000005
CR000004 1-1180 Undeposited Funds
CR000004 1-1205 Trade Debtors

Credit

$45.00
$91.00

$2,996.00
$299.60
$2,996.00
$299.60
$1,498.00
$12.00
$45.00
$91.00
$700.00
$650.00
$3,295.60
$3,295.60
$4,000.00
$400.00
$2,640.00
$400.00
$960.00
$400.00
$4,400.00
$4,400.00

20/01/2011
De-recognise revenue - Beacon Hill tax invoice 5
GJ000002 4-1200 Golf Lessons Income
$2,640.00
GJ000002 4-1500 Equipment Hire Income
$400.00
GJ000002 4-1300 Range Fees Income
$960.00
GJ000002 2-1700 Unearned Income

$4,000.00

GJ

20/01/2011
Recognise revenue - weekly Beacon Hill grammar lessons
GJ000003 2-1700 Unearned Income
$363.63
GJ000003 4-1200 Golf Lessons Income
$240.00
GJ000003 4-1500 Equipment Hire Income
$36.36
GJ000003 4-1300 Range Fees Income
$87.27

CR

21/01/2011
Payment; Dee Why TAFE
CR000005 1-1180 Undeposited Funds
CR000005 1-1205 Trade Debtors

SJ

SJ

CR

21/01/2011
Dee Why TAFE: Discounts on 00000001
00000006
1-1205 Trade Debtors
00000006
1-1205 Trade Debtors
00000006
6-1210 Discount Allowed
00000006
2-1310 GST Collected
21/01/2011
Dee Why TAFE: Credit from 00000006
SJ000001
1-1205 Trade Debtors
SJ000001
1-1205 Trade Debtors
17/01/2011
Bank Deposit
DEP17/01
1-1110 East Coast Bank Cheque Acco
DEP17/01
1-1180 Undeposited Funds

$784.08
$784.08
$7.20
$0.72
$7.20
$0.72
$7.92
$7.92
$312.00
$70.00

Job No.

Dee Why Golf Range

All Journals
1/12/2010 To 31/01/2011
Page 5
ID#
CR
CR

CR

CD

CR

CD

CR

GJ

Account Name

Debit

17/01/2011
Bank Deposit
DEP17/01
1-1180 Undeposited Funds
21/01/2011
Bank Deposit
DEP21/01
1-1110 East Coast Bank Cheque Acco
DEP21/01
1-1180 Undeposited Funds
DEP21/01
1-1180 Undeposited Funds
DEP21/01
1-1180 Undeposited Funds
13/01/2011
Loan Proceeds East Coast Bank
LN 13/01
1-1110 East Coast Bank Cheque Acco
LN 13/01
2-2100 Bank Loans
31/12/2010
December account keeping fee
ACFEEDEC 1-1115 East Coast Bank Investment A
ACFEEDEC 6-1120 Bank Fees & Charges
31/12/2010
December interest earned
INTDEC
1-1115 East Coast Bank Investment A
INTDEC
8-1000 Interest Income
31/12/2010
December account keeping fees
ACFEEDEC 1-1110 East Coast Bank Cheque Acco
ACFEEDEC 6-1120 Bank Fees & Charges
31/12/2010
December interest earned
INTDEC
1-1110 East Coast Bank Cheque Acco
INTDEC
8-1000 Interest Income
14/01/2011
Wages
GJ000004 6-5130 Wages & Salaries
GJ000004 2-1420 PAYG Withholding Payable
GJ000004 2-1405 Wages Payable
GJ000004 6-5120 Superannuation
GJ000004 2-1430 Superannuation Payable

CD
7
7
GJ

Acct#

14/01/2011
Paying Salaries
1-1110 East Coast Bank Cheque Acco
2-1405 Wages Payable

28/01/2011
Wages
GJ000005 6-5130 Wages & Salaries
GJ000005 2-1420 PAYG Withholding Payable
GJ000005 2-1405 Wages Payable
GJ000005 6-5120 Superannuation
GJ000005 2-1430 Superannuation Payable

CD
8
8

28/01/2011
Paying Salaries
1-1110 East Coast Bank Cheque Acco
2-1405 Wages Payable
Grand Total:

Credit
$242.00

$8,479.68
$3,295.60
$4,400.00
$784.08
$90,000.00
$90,000.00
$5.00
$5.00
$382.19
$382.19
$25.00
$25.00
$8.52
$8.52
$4,500.00
$900.00
$3,600.00
$500.00
$500.00
$3,600.00
$3,600.00
$5,000.00
$1,000.00
$4,000.00
$500.00
$500.00
$4,000.00
$4,000.00
$474,369.09

$474,369.09

Job No.