ANSWER TO EXERCISES (4) - mrjamesaccounting.com file14 Mr James-accounting ANSWER TO EXERCISES (4)...

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Mr James-accounting

ANSWER TO EXERCISES (4) 1. အေျဖမနသည (c) ျဖစပါတယ။ Trial Balance ဆတာသည Financial Statement မဆြမ Ledger

Account ေတြရ Balance ေတြ ည၊ မညက စစေဆးခကျဖစပါတယ။ Accounting Cycle ရ First Step (ပထမအဆင) သည Source Documents ျဖစပါတယ။ Journal သည

ဒတယအဆင ျဖစပါတယ။ Financial Statement ေတြက Trial Balance ကေနတဆင ေရးဆြတာ ျဖစပါတယ။

Journals ေတြကေနတဆင ေရးဆြေလ မရပါဘး။ 2. အေျဖမနသည (e) ျဖစပါတယ။ (a), (b), (c) အားလးမနပါတယ။

Counterfoil ဆတာ ခပစာအပ(Cheque book) ေတြရ လကချဖတပငး ျဖစပါတယ။ အဒျဖတပငးေလးက Source Documents အေနန သးလရပါတယ။

Receipt ဆတာ ေငြလကခရရေၾကာငး ေျပစာျဖစပါတယ။ Cash transactions ေတြန ပတသတတယဆရင မနပါတယ။

Source Documents ဆတာ ဘယကစၥအတြက၊ ဘယေနမာ၊ Amount ဘယေလာက အစရသညျဖင ေဖာျပတ အေထာကအထား evidence ျဖစပါတယ။

3. အေျဖမနသည (d) ျဖစပါတယ။ (a) န (c) မာေရးထားတာေတြ မနပါတယ။

ေမးခြနးမာ ေျပာထားတ Invoice ဆတာ ေရာငးခသ (Supplier) ဆကေနလကခ ရရတ Invoice ကဆလတာပါ။ Supplier အေနန Invoice က Delivery Note / Waybill ေတြန တြျပးပတတပါတယ။ ေနာကမ ေငြေပးေခမာျဖစပါတယ။ အေၾကြး၀ယတ transaction အတြကျဖစပါတယ။ ဒါေၾကာင Invoice သည Credit transaction န ပတသတတယဆတာ မနပါတယ။

Purchase Journal က Purchase of All Inventory အတြက သးတယဆတာ မမနပါ။ Credit Purchase အတြက သးတာမနေပမ Cash Purchase ဆရင Cash Payment Journal က အသးျပမာျဖစပါတယ။

General Journal က တျခားေသာ Journal ေတြျဖစတ Cash Receipts Journal, Cash Payments Journal, Sales Journal, Sales Return Journal, Purchases Journal, Purchases Return Journal ေတြန မသကဆငတ transaction ေတြအတြက အသးျပပါတယ။

4. Journals for Digg-IT Enterprises

Cash Receipts Journal

Date Details Folio Bank Income Debtors Sundry Jan 1 Capital 25,000 25,000 Jan 8 Loan (ABC bank) 10,000 10,000

Jan 28 Services rendered (Mr. Bailey) 8,000 8,000

Feb 11 Surrogate Inc. 15,000 15,000 TOTAL 58,000 8,000 15,000 35,000

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Cash Payments Journal

Date Details Folio Expenses Creditors Sundry Bank

Jan 2 Computer (hard-ware) purchased 15,000 15,000

Jan 4 Computer (soft-ware) purchased 8,000 8,000

Jan 26 Electricity bill 300 300 Jan 26 Phone bill 180 180 Feb 4 Landlord (rent) 4,500 4,500 Feb 6 Drawings 500 500

TOTAL 480 4,500 23,500 28,480

Sales Journal

Date Debtors Folio Services rendered Jane 15 Surrogate Inc. 22,000 Feb 10 Van Helsing 3,000

TOTAL 25,000

Sales Returns Journal

Date Debtors Folio Sales returns

TOTAL

Purchases Journal

Date Creditors Folio Purchases

TOTAL

Purchases Returns Journal

Date Creditors Folio Purchases returns

TOTAL

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General Journal

Date Creditors Folio Debit Credit Jan 27 Rent 4,500

Creditor (Landlord) 4,500 Monthly rent of $4,500 owing to landlord

TOTAL 4,500 4,500 Explaination

Jan 1 Mr. Jacobs ရထည၀ငေငြက ရရတအတြက Cash Receipts Journal ကသးပါတယ။ Jan 2 Computers (hardware) ၀ယတာ အေၾကြး၀ယတယလ မေျပာတအတြက လကငငး၀ယတယလ ယဆပါတယ။ Cash Payments Journal ကသးပါတယ။ Jan 4 Computers (software) ၀ယတာ အေပၚက Hardware ၀ယတာန အလားတျဖစပါတယ။ Cash Payments Journal ကသးရပါမယ။ Jan 8 ေခးေငြရလာတအတြက Cash Receipts Journal ကသးပါတယ။ Jan 15 ေရးျပးတ Software က Surrogate Inc. ကအေၾကြးေရာငးတအတြက Sales Journal က သးရပါမယ။ Jan 26 Electricity bill ေပးတာ Cash/Bank ကေန အထြကျဖစတအတြက Cash Payments Journal ကသးရပါမယ။ Jan 26 Phone bill ေပးတာ Cash Payments Journal ကသးရပါမယ။ Jan 27 ရးငါးရနးခအတြက ၂၇ ရကေနမာ Landlord ဆကေန ရတ Invoice သည ခကခငး ေပးစရာမလပါ။ ဒါေပမ Expense န Payable အေနန စာရငးေဖာထားဖ လပါမယ။ ဒလ Transaction မးအတြက General Journal က အသးျပရမာ ျဖစပါတယ။ Debit to Expense (RENT), Credit to Creditors (LANDLORD) ျဖစပါတယ။ Jan 28 Service အတြက ေငြလကျငငးရတအတြက Cash Receipts Journal ကသးပါမယ။ Feb 4 ဇနန၀ါရ ၂၇ ရကေနမာ Landlord ဆကရခတ Invoice က Feb 4 ရကေနစြန Cash Payments Journal ကအသးျပျပး စာရငးသြငးရပါမယ။ Feb 6 Mr. Jacobs ရ withdraws အတြက Cash Payments Journal က သးရပါမယ။ Feb 10 Invoice ထတတယ၊ လကနမေငြရမယဆတာ အေၾကြးေရာငးတာန ပစတပါတယ။ Sales Journal ကသးရပါမယ။

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Feb 11 Surrogate Inc. ကေနအေၾကြးရတာသည Cash ရလာတာျဖစတအတြက Cash Receipts Journal ကသးရပါမယ။ 5. Journals for Dr. Matheson’s Medical Practice:


Date Details Folio Bank Income Debtors Sundry Mar 1 Capital 10,000 10,000

Mar 14 Loan 30,000 30,000 Mar 28 Mrs. Turner 300 300 Apr 1-6 Various consultations 900 900

Apr 7 Healthy-Health (Mr. Nathan) 300 300

Apr 6-19 Various consultations 1,200 1,200 Apr 20 Medical Aid 600 600

Apr 20-30 Various consultations 1,200 1,200 TOTAL 44,500 3,600 900 40,000


Date Details Folio Expenses Creditors Sundry Bank Mar 23 Home Sweet Furnishers 2,000 2,000 Mar 31 Rent 1,500 1,500

Apr 6 Medical supplies 500 500 Apr 21 Home Sweet Furnishers 4,000 4,000 Apr 30 Salary (receptionist) 3,000 3,000 Apr 30 Electricity company 800 800 Apr 30 Telephone company 400 400

TOTAL 4,500 7,200 500 12,200

Sales Journal

Date Debtors Folio Services rendered Mar 29 Healthy-Health (Mr. Nathan) 300 Apr 1-6 Medical Aids (various consultations) 600

Apr 6-19 Medical Aids (various consultations) 600 TOTAL 1,500



TOTAL

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Mr James-accounting

Purchases Journal


TOTAL



TOTAL

General Journal

Date Creditors Folio Debit Credit Mar 1 Medical supplies 2,000

Capital 2,000

Investment of medical supplies by Dr. Matheson.

Mar 23 Furniture 6,000 Home Sweet Furnishers (Creditor) 6,000

Furniture purchased from Home Sweet Furnishers and payable within 30 days

Apr 8 Electricity expense 800 Electricity company (Creditor) 800 electricity bill for March

Apr 15 Telephone expense Telephone company (creditor) 400 Telephone bill for March 400

TOTAL 9,200 9,200 Explainations: March 1 မာ ရးခနးအတြက ငါးရမးစာခပ (Rental agreement) မာ တက $1,500 လ ေဖၚျပထားပါတယ။ လကနမေပးရမာျဖစတအတြက လရအစ March 1 မာ ေပးစရာမလ၊ စာရငးသြငးစရာ မလပါ။

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Dr. Matheson ရရငးႏးေငြ $10,000 သည လပငနးသ ေငြသားအေနန ၀ငလာတာျဖစတအတြက Cash Receipts Journal မာ စာရငးသြငးရပါမယ။ ေဆးပစၥညးတနဖး $2,000 သည CRJ, CPJ, SJ,SRJ,PJ,PRJ စစေပါငး ၆-မာ ဘယအမးအစားနမ မကကညနအတြက ေနာကဆးတမးျဖစတ General Journal (GJ) န စာရငးသြငးရမာျဖစပါတယ။ Medical supplies (assets) မာ Debit,

Equity / Capital မာ Credit သြငးရပါမယ။ March 14 မာ Loan ရတာ ေငြသားရလာတာ ျဖစတအတြက Cash Receipts Journal န စာရငးသြငးရပါမယ။ March 23 မာ Furniture ၀ယတ transaction မာ ၂-ချဖစေနပါတယ။ Furniture တနဖးမာ $6,000 ျဖစပါတယ။ လကျငငး $2,000 ေပးပါတယ။ ကန $4,000 က ရက ၃၀ အတြငးမာ ေပးရမာျဖစပါတယ။

Journal ၆-မးန အကးမ၀ငဘးဆရင General Jouranal ကသးျပး စာရငးသြငးႏငပါတယ။ Furniture မာ Debit $6,000

Creditor မာ Credit $6,000 စာရငးသြငးရပါမယ။ ျပးရင ေငြသားေပးေခမ $2,000 အတြက Cash Payment Journal န စာရငးသြငးရပါမယ။ March 28 မာ လနာစမးသပခ ရေငြ $300 က Cash Receipts Journal န စာရငးသြငးရပါမယ။ March 29 မာ လနာစမးသပခက ခကခငးမရဘ ၁၄-ရကၾကာမာ ရမာပါ။ အဒါေၾကာင အေၾကြးေရာငးသကသ Sales Journal န စာရငးသြငးရပါမယ။ March 31 မာ ငါးရမးခ စာခပအတငး $1,500 ေပးတအတြက Cash Payment Journal ကသးျပး စာရငးသြငးရပါမယ။ April 1 to 6 မာ လနာစမးသပခ ေငြသား $900 က Cash Receipts Journal န စာရငးသြငး၊ စမးသပခ အေၾကြး $600 က Sales Journal န စာရငးသြငးရပါမယ။ April 6 မာ Medical supplies ၀ယတအတြက Cash Payment Journal န စာရငးသြငးရပါမယ။ April 7 မာ Healthy-Health ဆကရတ $300 က Cash Receipt Journal န စာရငးသြငးရပါမယ။ ဒေငြသည ေလာေလာလတလတ စမးသပခအတြက ရေငြမဟတဘ အေၾကြးရတာျဖစတအတြက Debtor Column မာ စာရငးသြငးရပါမယ။ April 8 မာ လကစစသးစြမအတြက Invoice ရပါတယ။ ဒ Invoice သည သးစြျပးသား ကာလအတြက ေကာကခတာျဖစတအတြက Invoice ရလာတအခနမာ ခကခငးမေပးရေပမ General Journal န စာရငးတငရပါမယ။ Electricity Expense မာ Debit $800 Electricity company (Creditor) မာ $800 ျဖစပါတယ။ April 10 ရကေနမာ ဧညက၀နထမးတဥး အလပခနလကပါတယ။ ၀နထမးရလစာက လကနမ ေပးမာျဖစပါတယ။ ၀နထမးရလပအားက ရရျပးမ၊ တနညးအားျဖင လကနရကမ စာရငးသြငးမာ ျဖစပါတယ။ ၁၀ ရကေနမာ စာရငးသြငးမ မရပါ။

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April 15 မာ မတလအတြငး တယလဖနး သးစြမအတြက $400 Invoice ရပါတယ။ ခကခငး ေပးေခရတာ မဟတတအတြက General Journal န စာရငးတငရပါမယ။ April 6 to 19 မာ စမးသမးခရတ $1,200 က Cash Receipts Journal န စာရငးသြငးရပါမယ။ ျပးေတာ ရရနရအေၾကြး $600 က Sales Journal န စာရငးသြငးရပါမယ။ April 20 မာ ေၾကြး $600 ရပါတယ။ Cash Receipts Journal န စာရငးသြငးပါမယ။ Bank Coulmn န Debtor Column မာ စာရငးသြငးရပါမယ။ April 21 မာ Home Sweet Home Furnishers က လကကနရငးေပးတယလ ေမးခြနးက ေျပာထားပါတယ။ Furniture ရတနဖးသည $6,000 ျဖစပါတယ။ လကျငငး $2,000 ေပးျပးပါျပ။ ေပးဖကနတာ $4,000 ျဖစပါတယ။ Cash Payment Journal န စာရငးသြငးရပါမယ။ Creditors Column န Bank Column မာ စာရငးသြငးရပါမယ။ April 20 to 30 မာ စမးသပခရေငြ $1,200 က Cash Receipts Journal န Income ေဖာပါမယ။ April 30 မာ ဧညၾက၀နထမး လစာ ေပးပါမယ။ Cash Payment Journal န စာရငးသြငးပါမယ။ April ၃၀ မာ Telephone company န Electricity Company က အေၾကြးဆပပါတယ။ Cash Payment Journal ကသးရပါမယ။ Creditor Column မာ စာရငးသြငးပါမယ။ 6. General Ledger of Digg-IT Enterrises:

Service rendered

Date Description Dr Date Description Cr

Jan 28 Bank (CRJ) 8,000

Feb 28 Debtors control (SJ) 25,000

33,000

Rent


Jan 27 Creditors control (GJ) 4,500

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Mr James-accounting

Electricity Expense


Jan 26 Bank (CPJ) 300

Telephone Expense


Jan 26 Bank (CPJ) 180

Computers


Jan 2 Bank (CPJ) 15,000

Jan 4 Bank (CPJ) 8,000

23,000

Debtors Control


Feb 28 Services rendered (SJ) 25,000 Feb 11 Bank (CRJ) 15,000

Feb 28 Balance c/f 10,000

25,000 25,000

Mar 1 Balance b/f 10,000

Bank


Feb 28 Cash receipts 58,000 Feb 28 Cash payments 32,480

Balance c/f 25,520

58,000 58,000


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Capital


Jan 1 Bank 25,000

Drawings


Feb 6 Bank 500

Loan


Feb 27 Bank (CPJ) 4,000 Jan 8 Bank (CRJ) 10,000

Feb 28 Balance c/f 6,000

10,000 10,000


Creditors Control


Feb 4 Bank 4,500 Jan 27 Rent 4,500

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7. Dr. Matheson’s medical practice

a) General ledger: Services rendered


Apr 30 Bank (CRJ) 3,600

Apr 30 Debtors Control (SJ) 1,500

5,100

Rent


Mar 31 Bank (CPJ) 1,500

Electricity expense


Apr 8 Creditors control 800

Telephone expense


Apr 15 Creditors control (GJ) 400

Salaries


Apr 30 Bank (CPJ) 3,000

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Furniture


Mar 23 Creditors control (GJ) 6,000

Medical supplies


Mar 1 Capital (GJ) 2,000

Apr 6 Bank (CPJ) 500

2,500

Debtors control


Apr 30 Services rendered (SJ) 1,500 Apr 30 Bank (CRJ) 900

Apr 30 Balance c/f 600

1,500 1,500

May 1 Balance b/f 600

Bank Date Description Dr Date Description Cr

Apr 30 Cash receipts (CRJ) 44,500 Apr 30 Cash payments (CPJ) 12,200

Balance c/f 32,300

44,500 44,500

May 1 Balance b/f 32,300

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Capital


Mar 1 Bank (CRJ) 10,000

Mar 1 Medical supplies (GJ) 2,000

12,000

Loan Date Description Dr Date Description Cr

Mar 14 Bank (CRJ) 30,000

Credit control


Apr 30 Bank (CPJ) 7,200 Mar 23 Furniture (GJ) 6,000

Apr 8 Electricity (GJ) 800

Apr 15 Telephone (GJ) 400

7,200 7,200

b) Debtors ledger: Healthy-Health


Mar 29 Services rendered (SJ) 300 Apr 7 Bank (CRJ) 300

Medical aids


Arp 1-6 Services rendered (SJ) 600 Apr 20 Bank (CRJ) 600

Apr 6-19 Services rendered (SJ) 600 Apr 30 Balance c/f 600

1,200 1,200

May 1 Balance b/f 600

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c) Healthy-Health (Mr. Nathan) ဆက Mar 29 မာ Service rendered အတြက 300 ရရနရ စာရငးတငမတပါတယ၊ Apr 7 ေနမာ Healthy-Health ဆက 300 ရတအတြက Individual Debtor (Healthy-Health) ရစာရငးလကကန သည (၀) ျဖစသြားပျပ။ Medical Aids ဆက Apr 1-6 မာ 600, Apr 6-19 မာ 600 စစေပါငး 1,200 မာ Apr 20 မာ 600 ေပးတအတြက Individual Debtor (Medical Aids) ရ လကကနသည 600 ျဖစပါတယ။ Individual Debtors Total; Healthy-Health (Mr. Nathan) 300-300 = 0 Medial Aids 600 + 600 – 600 =600 Total =600 (Debtors Control A/c Balance န ညပါတယ)

d) Creditors ledger: Home Sweet Furnishers


Mar 23 Bank (CPJ) 2,000 Mar 23 Furniture (GJ) 6,000

Apr 21 Bank (CPJ) 4,000

6,000 6,000

Electricity Company


Apr 30 Bank (CPJ) 800 Apr 8 Electricity expense (GJ) 800

Telephone company


Apr 30 Bank (CPJ) 400 Apr 15 Telephone expense (GJ) 400

e) Individual creditor accounts ledger balance သည သည (Zero) ျဖစပါတယ။ 6,000 + 800 + 400 = စစေပါငး 7,200 ျဖစပါတယ။ Creditor control account ရ Credit side မာ 7,200 စာရငးသြငးထားပါတယ။ အားလးက ေငြေပးေခထားျပးပါျပ။ Debit side မာ 7,200 စာရငးသြငးထားပါတယ။ Creditor control account ရ balance သညလညး သည (Zero) ျဖစပါတယ။

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8. Davis and Bones legal practice: a) Journals:


Date Details Folio Bank Income Debtors Sundry Oct 1 Capital 2,000 2,000 Oct 9 D. Serens 850 850

Oct 23 Mrs. Thompson 300 300 Oct 26 J. Svolo 600 600 Nov 25 Mr. Templeton 2,500 2,500 Nov 26 Mrs. Thompson 675 675 Nov 28 Loan 5,000 5,000

TOTAL 11,925 1,450 3,475 7,000


Date Details Folio Expenses Creditors Sundry Bank Oct 4 Computers 800 800 Oct 4 Office Furniture 300 300

Oct 10 Entertainment 100 100 Oct 13 Research 50 50 Oct 28 Salaries 6,000 6,000 Nov 14 Telephones Co. 520 520 Nov 29 Salaries 6,000 6,000 Nov 30 Insurance 200 200 Nov 30 Rental Co. 400 400 Nov 30 Research 200 200

TOTAL 12,550 920 1,100 14,570

Sales Journal

Date Debtors Folio Services rendered Oct 8 Mrs. Thompson 250

Oct 10 Mrs. Thompson 1,400 Oct 21 Mr. Templeton 4,500 Oct 24 D. Tillworth 500 Nov 21 Mr. Templeton 8,000

TOTAL 14,650

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TOTAL

Purchases Journal


TOTAL



TOTAL

General Journal

Date Creditors Folio Debit Credit Nov 3 Internet expense 150

Creditors 150 Internet bill for October

Nov 3 Telephone expense 520 Creditors 520 Mobile phone bill for October

Nov 5 Rent expense 400 Creditors 400

Business portion of rent of house for October ($2,000/800*160)

TOTAL 1,070 1,070

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Mr James-accounting

b) General ledgers: Services Rendered


Nov 30 Bank (CRJ) 1,450

Nov 30 Debtors Control (SJ) 14,650

TOTAL 16,100

Salaries


Oct 28 Bank (CPJ) 6,000

Nov 29 Bank (CPJ) 6,000

TOTAL 12,000

Entertainment


Oct 10 Bank (CPJ) 100

Research Expenses



Nov 30 Bank (CPJ) 200

TOTAL 250

Internet


Nov 3 Creditors control (GJ) 150

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Mr James-accounting

Telephone



Rent



Insurance


Nov 30 Bank (CPJ) 200

Computers



Office furnitures



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Mr James-accounting

Debtors control


Nov 30 Services rendered (SJ) 14,650 Nov 30 Bank (CRJ) 3,475

Nov 30 Balance c/f 11,175

TOTAL 14,650 TOTAL 14,650

Bank


Nov 30 Cash receipts (CRJ) 11,925 Nov 30 Cash payments (CPJ) 14,570

Nov 30 Balance c/f 2,645


Dec 1 Balance b/f 2,645

Capital


Oct 1 Bank (CRJ) 2,000

Loan


Nov 28 Bank (CRJ) 5,000

Creditors control


Nov 30 Bank (CPJ) 920 Nov 3 Internet (GJ) 150

Nov 30 Balance c/f 150 Nov 3 Telephone (GJ) 520

Nov 5 Rent (GJ) 400


Dec 1 Balance b/f 150

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Mr James-accounting

Note# Bank account မာ Credit balance 2,645 ေပၚေနပါတယ။ ပမနဆရင Debit Balance ေပၚတတပါတယ။ Credit balance ေပၚေနတာက ၾကညျခငးအားျဖင လပငနးအေနန ဘဏကေန ပထတ (Overdrawn) ထားေၾကာငး မတယရပါမယ။ Overdrwan လပႏငျခငးသည Overdraft အတြက သေဘာတညမရတအတြကေၾကာင ျဖစပါတယ။ ၾကတငသေဘာတညမမရရင overdraw မလပႏငပါ။ c) Debtors ledger:

Mrs. Thompson


Oct 8 Services rendered (SJ) 250 Oct 23 Bank (CRJ) 300

Oct 10 Services rendered (SJ) 1,400 Nov 26 Bank (CRJ) 675

Nov 30 Balance c/f 675


Dec 1 Balance b/f 675

Mr. Templeton


Oct 21 Services rendered (SJ) 4,500 Nov 25 Bank (CRJ) 2,500

Nov 21 Services rendered (SJ) 8,000 Nov 30 Balance c/f 10,000


Dec 1 Balance b/f 10,000

D. Tillworth


Oct 24 Service rendered 500

TOTAL 500 TOTAL

d) Individual debtors စစေပါငးမာ 675 + 10,000 + 500 = 11,175 ျဖစပါတယ။ Debtor control account ရ

closing balance န ညပါတယ။

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Mr James-accounting

e) Creditors ledger:

Internet company


Nov 3 Internet expense (GJ) 150

TOTAL TOTAL 150

Telephone company


Nov 14 Bank (CPJ) 520 Nov 3 Telephone expense (GJ)

520

TOTAL 520 TOTAL 520

Rental company


Nov 30 Bank (CPJ) 400 Nov 5 Rent expense (GJ) 400

TOTAL 400 TOTAL 400

f) Individual creditor accounts ေတြရ စစေပါငးသည 150 + 0 + 0 = 150 ျဖစပါတယ။ Creditor control

balance န ညပါတယ။

ANSWER TO EXERCISES (4) - mrjamesaccounting.com file14 Mr James-accounting ANSWER TO EXERCISES (4)...

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