General entries Student ID: FlixCity & Gaming General Journal for July 2016 Date Jnl RefAccount & Journal DetailsEntries DayMonth DrCr Fill Lists 1July1240 - Wages Payable2,550.00 1July1100...

General entries
                    Student ID:
        FlixCity & Gaming
        General Journal
        for July 2016
        Date        Jnl Ref    Account & Journal Details    Entries
        Day    Month            Dr    Cr                                                            Fill Lists
        1    July    1    240 - Wages Payable    2,550.00
        1    July    1    100 - Cash at Bank        2,550.00                                                        1    July        ASSETS
                    Paid wages for June                                                                 2    August        100 - Cash at Bank
        1    July    2    602 - Candy Bar Expense    2,759.34            HINTS:                                                3    September        110 - Accounts Receivable
        1    July    2    200 - Accounts Payable        2,759.34        1    Journals should be prepared in the same sequence as the transactions are presented;                                            4    October        130 - Prepaid Advertising
                    Purchase of Confectionery                2    Journal Reference Numbers should correspond to the transaction numbers;                                            5    November        140 - Prepaid Insurance
        1    July    3    100 - Cash at Bank    2,150.00            3    When there are multiple accounts required for debit or credit entries within a journal, ensure they appear in ascending account number order;                                            6    December        150 - Land
        1    July    3    210 - Unearned Revenue        2,150.00                                                        7    January        160 - Building at Cost
                    Deposit received for July Gamming Sessions                4    Do not enter $ signs & do not round amounts - express values in dollars & cents;                                            8    February        165 - Accumulated Depreciation - Building
        4    July    4    613 - Leasing Expense - gaming furniture    450.00            5    Do not leave blank lines between journals;                                            9    March        170 - Equipment
        4    July    4    100 - Cash at Bank        450.00            NB: Take care with your journal entries. If you select the incorrect accounts for your transaction journals, then your T-Accounts will be wrong when you post your entries to them & your 10-Column Worksheet will not accept incorrect $ values.                                            10    April        175 - Accumulated Depreciation - Equipment
                    Paid Monthly leasing instalment                                                                11    May        LIABILITIES
        5    July    5    602 - Candy Bar Expense    1,855.29                                                            12    June        200 - Accounts Payable
        5    July    5    200 - Accounts Payable        1,855.29                                                        13            210 - Unearned Revenue
                    Purchase of Popcorn                                                                14            220 - Interest Payable
        7    July    6    618 - Wages Expense    1,100.00                                                            15            230 - Loan Payable - principal due May 2030
        7    July    6    240 - Wages Payable        1,100.00                                                        16            240 - Wages Payable
                    Wages incurred for the week                                                                17            250 - Utilities Payable
        9    July    7    100 - Cash at Bank    2,800.00                                                            18            EQUITY
        9    July    7    110 - Accounts Receivable        2,800.00                                                        19            300 - Nicholas Robbins, Capital
                    Received payment from SmartMedia                                                                20            301 - Nicholas Robbins, Drawings
        10    July    8    170 - Equipment    2,500.00                                                            21            REVENUE
                    100 - Cash at Bank        2,500.00                                                        22            400 - Sales - Cinema
                    Purchase of Laptop                                                                23            401 - Sales - Gaming
        14    July    9    618 - Wages Expense    1,100.00                                                            24            402 - Sales - Candy Bar
                    240 - Wages Payable        1,100.00                                                        25            410 - Sales returns & allowances
                    Wages incurred for the week                                                                26            EXPENSES
        15    July    10    140 - Prepaid Insurance    3,060.00                                                            27            600 - Accounting Fees
                    100 - Cash at Bank        3,060.00                                                        28            601 - Advertising Expense
                    Paid for Insurance - One Year                                                                29            602 - Candy Bar Expense
        17    July    11    614 - Licensing Expense - Nintendo    950.00                                                            30            603 - Computer Consumables Expense
                    100 - Cash at Bank        950.00                                                        31            604 - Depreciation Expense - Building
                    (Paid for Licensing agreement)                                                                            605 - Depreciation Expense - Equipment
        18    July    12    617 - Stationery & Office Supplies Expense    675.25                                                                        606 - Discount Allowed
                    100 - Cash at Bank        675.25                                                                    607 - Discount Received
                    (Purchase of Office Supplies on cash)                                                                            608 - Electricity Expense
        19    July    13    130 - Prepaid Advertising    2,400.00                                                                        609 - Freight Expense
                    100 - Cash at Bank        2,400.00                                                                    610 - Insurance Expense
                    (Paid for Advertising contract for 12 months)                                                                            611 - Interest Expense
        20    July    14    615 - Licensing Expense - Sony    1,500.00                                                                        612 - Leasing Expense - cinema seating/screen
                    100 - Cash at Bank        1,500.00                                                                    613 - Leasing Expense - gaming furniture
                    Paid for Licensing Agreement                                                                            614 - Licensing Expense - Nintendo
        21    July    15    618 - Wages Expense    1,100.00                                                                        615 - Licensing Expense - Sony
                    240 - Wages Payable        1,100.00                                                                    616 - Staff Amenities Expense
                    Wages incurred for the week                                                                            617 - Stationery & Office Supplies Expense
        23    July    16    220 - Interest Payable    3,200.00                                                                        618 - Wages Expense
                    230 - Loan Payable - principal due May 2030    1,000.00                                                                        619 - Water Rates Expense
                    100 - Cash at Bank        4,200.00                                                                    800 - P & L Summary
                    Paid interest on loan and principal for loan
        24    July    17    250 - Utilities Payable    1,650.00
                    100 - Cash at Bank        1,650.00
                    Paid Electricity bill for previous 3 months
        25    July    18    612 - Leasing Expense - cinema seating/screen    1,150.00
                    100 - Cash at Bank        1,150.00
                    Paid for Leasing Expense
        28    July    19    618 - Wages Expense    1,100.00
                    240 - Wages Payable        1,100.00
                    Wages incurred for the week
        31    July    20    100 - Cash at Bank    12,147.36
                    400 - Sales - Cinema        12,147.36
                    Cash Sales - Cinema for the month
        31    July    21    100 - Cash at Bank    9,458.27
                    401 - Sales - Gaming        9,458.27
                    Cash Sales - Gaming for the month
        31    July    22    100 - Cash at Bank    11,698.14
                    402 - Sales - Candy Bar        11,698.14
                    Cash Sales - Candy bar for the month
        31    July    23    200 - Accounts Payable    2,175.35
                    100 - Cash at Bank        2,175.35
                    Paid for Accounts Payable - Kernals
        31    July    24    200 - Accounts Payable    4,350.85
                    100 - Cash at Bank        4,350.85
                    Paid for Accounts Payable - Lollies Rus
        31    July    25    110 - Accounts Receivable    3,428.54
                    400 - Sales - Cinema        3,428.54
                    Cinema credit sales for the month
        31    July    26    600 - Accounting Fees    2,350.00
                    200 - Accounts Payable        2,350.00
                    Received a bill for Accountant's fee
        31    July    27    301 - Nicholas Robbins, Drawings    680.00
                    100 - Cash at Bank        680.00
                    Cash withdrawal by Nicholas
                    JOURNAL TOTALS    81,338.39    81,338.39
T-Accounts
            Student ID:    0                                                                                                Fill Fields (INSTRUCTOR'S USE ONLY)
        ASSET ACCOUNTS                                                                                                        Date    Explanation    Balances        P&L Summary Explanation
            100 - Cash at Bank                                110 - Accounts Receivable                                                                    1-Jul    Opening Balance    Balance b/d        Opening Balance
            Date     Explanation    Amount    Date    Explanation    Amount            Date     Explanation    Amount    Date    Explanation    Amount                                                2-Jul    ASSETS            ASSETS
            2016            2016                    2016            2016                                                        3-Jul    Cash at Bank            Cash at Bank
            1-Jul    Opening Balance    10,763.20    1-Jul    Wages Payable    2,550.00            1-Jul    Opening Balance    4,385.27    9-Jul    Cash at Bank    2,800.00                                                4-Jul    Accounts Receivable    Balance c/d (difference)        Accounts Receivable
            1-Jul    Unearned revenue    2,150.00    4-Jul    Leasing Expense - gaming furniture    450.00            31-Jul    Sales - Cinema    3,428.54                    Instructions:                                        5-Jul    Prepaid Advertising            Prepaid Advertising
            9-Jul    Accounts Receivable    2,800.00    10-Jul    Equipment - computer/console/candybar/projector    2,500.00                                        1. Entries must be posted to the T-Accounts in date order                                        6-Jul    Prepaid Insurance            Prepaid Insurance
            31-Jul    Sales - Cinema    12,147.36    15-Jul    Prepaid Insurance    3,060.00                                        2. Do not leave blank lines between entries                                        7-Jul    Land            Land
            31-Jul    Sales - Gaming    9,458.27    17-Jul    Licensing Expense - Nintendo    950.00                                        NB: Take care with posing your journal entries. If you have selected the incorrect accounts for your journals, then your T-Accounts will be wrong when you post your entries to them & your 10-Column Worksheet will not accept incorrect $ values.                                        8-Jul    Building            Building
            31-Jul    Sales - Candy Bar    11,698.14    18-Jul    Stationery & Office Supplies Expense    675.25                                                                                9-Jul    Accumulated Depreciation - Building            Accumulated Depreciation - Building
                        19-Jul    Prepaid Advertising    2,400.00                                                                                10-Jul    Equipment - computer/console/candybar/projector            Equipment - computer/console/candybar/projector
                        20-Jul    Licensing Expense - Sony    1,500.00                                                                                11-Jul    Accumulated Depreciation - Equipment            Accumulated Depreciation - Equipment
                        23-Jul    Interest Payable & Loan Payable    4,200.00                                                                                12-Jul    LIABILITIES            LIABILITIES
                        24-Jul    Utilities Payable    1,650.00                                                                                13-Jul    Accounts Payable            Accounts Payable
                        25-Jul    Leasing Expense - cinema seating/screen    1,150.00                                                                                14-Jul    Unearned revenue            Unearned revenue
                        31-Jul    Accounts Payable    2,175.35                                                                                15-Jul    Interest Payable & Loan Payable            Interest Payable
                        31-Jul    Accounts Payable    4,350.85                                                                                16-Jul    Utilities Payable            Loan Payable - principal due May 2030
                        31-Jul    Nicholas Robbins, Drawings    680.00                                                                                17-Jul    Wages Payable            Wages Payable
                                                                                                                18-Jul    EQUITY            Utilities Payable
                        Balance c/d (difference)        20,725.52                        Balance c/d (difference)        5,013.81                                                19-Jul    Nicholas Robbins, Capital            EQUITY
                                                                                                                20-Jul    Nicholas Robbins, Drawings            Nicholas Robbins, Capital
            TOTAL        49,016.97    TOTAL        49,016.97            TOTAL        7,813.81    TOTAL        7,813.81                                                21-Jul    REVENUE            Nicholas Robbins, Drawings
            Balance b/d        20,725.52                        Balance b/d        5,013.81                                                            22-Jul    Sales - Cinema            REVENUE
                                                                                                                23-Jul    Sales - Gaming            Sales - Cinema
                                                                                                                24-Jul    Sales - Candy Bar            Sales - Gaming
            130 - Prepaid Advertising                                                                                                    25-Jul    EXPENSES            Sales - Candy Bar
            Date     Explanation    Amount    Date    Explanation    Amount                                                                                26-Jul    Accounting Fees            EXPENSES
            2016            2016                                                                                        27-Jul    Advertising Expense            Accounting Fees
            1-Jul    Opening Balance    1,000.00    31-Jul    Advertising Expense    200.00                                                                                28-Jul    Candy Bar Expense            Advertising Expense
            19-Jul    Cash at Bank    2,400.00                                                                                            29-Jul    Computer Consumables Expense            Candy Bar Expense
                                                                                                                30-Jul    Depreciation Expense - Building            Computer Consumables Expense
                                                                                                                31-Jul    Depreciation Expense - Equipment            Depreciation Expense - Building
                        Balance c/d (difference)        3,200.00                                                                                    Utilities Expense            Depreciation Expense - Equipment
                                                                                                                    Insurance Expense            Utilities Expense
            TOTAL        3,400.00    TOTAL        3,400.00                                                                                    Interest Expense            Insurance Expense
            Balance b/d        3,200.00                                                                                                Leasing Expense - cinema seating/screen            Interest Expense
                                                                                                                    Leasing Expense - gaming furniture            Leasing Expense -...