File attached below General Journal Date Details Debit ($) Credit ($) ...

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General Journal Date Details Debit ($) Credit ($) Q4(a) FIRE IT UP PTY LTD CASH FLOW STATEMENT FOR THE YEAR ENDING 30 JUNE 2018 $ $ Cash Flows from Operating Activities Receipts from customers Payments to suppliers & employees Cash generated by operations Interest received Interest paid Income tax paid Cash Flows from Investing Activities Proceeds from sale of land Payment for Store Fittings Cash Flows from Financing Activities Proceeds from loan Proceeds from share issue Dividends Net increase / decrease in cash held Cash at the beginning of the year Cash at the end of the year ALL WORKINGS MUST BE PROVIDED, OR THE CASH FLOW STATEMENT WILL RECEIVE NO MARKS (Insert any additional pages as required) Q4(b) Reference List Please list any references used to complete this assignment. Harvard referencing principles must be followed.

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Aarti J · Accepted Answer

General Journal
	
	
	
	
	
	
	
	Date
	Details
	Debit ($)
	Credit ($)
	1
	Salary expense
	4260
	 
	 
	  Salaries payable
	 
	4260
	 
	(Salaries which has been not paid)
	 
	 
	 
	 
	 
	 
	2
	Depreciation expense - Nursery equipment
	7000
	 
	 
	Accumulated depreciation - Nursery equipment
	 
	7000
	 
	(Depreciation expense for Nursery equipment)
	 
	 
	 
	 
	 
	 
	 
	Depreciation expense - Delivery van
	12500
	 
	 
	   Accumulated depreciation - Delivery van
	 
	12500
	 
	(Depreciation expense of Delivery van)
	 
	 
	 
	 
	 
	 
	3
	Drawings
	350
	 
	 
	  Administration expense
	 
	350
	 
	(Reversing the entry, as personal expenses are considered as drawings)
	 
	 
	 
	 
	 
	 
	4
	Office supplies expense
	3793
	 
	 
	  Office supplies
	 
	3793
	 
	(Office supplies used)
	 
	 
	 
	 
	 
	 
	5
	Insurance expense
	4320
	 
	 
	  Prepaid insurance
	 
	4320
	 
	(Insurance expired)
	 
	 
	 
	 
	 
	 
	6
	Sales revenue
	35800
	 
	 
	  Unearned revenue
	 
	35800
	 
	(Reversing the revenue earned)
	 
	 
	 
	 
	 
	 
	7
	Bad debt expense
	1275
	 
	 
	  Allowance for bad debts
	 
	1275
	 
	(Bad debt expense)
	 
	 
	 
	 
	 
	 
	8
	Electricity expense
	1080
	 
	 
	  Accounts payable
	 
	1080
	 
	(Estimated electricity bill payable)
	 
	 
	 
	 
	 
	 
	Statement of Change in Equity
	
	
	 
	 
	 
	Beginning owner's equity
	 
	98582
	Add: Profit
	 
	133474
	 
	 
	232056
	Less: Drawings
	 
	40700
	Ending owner's equity
	 
	191356
	
	
	
	Classified balance sheet
	
	
	Assets
	 
	 
	Current Assets
	 
	 
	Cash at bank
	 
	101200
	Accounts receivable
	107800
	 
	Allowance for doubtful debts
	2200
	105600
	Inventory
	 
	46112
	Prepaid advertising
	 
	3388
	Total current assets
	 
	256300
	 
	 
	 
	Plant, property and equipment
	 
	 
	Shop furniture and fittings
	55000
	 
	Less: Accumulated depreciation
	19844
	35156
	Sales equipment
	31680
	 
	Less: Accumulated depreciation
	11440
	20240
	Plant,

General Journal Date Details Debit ($) Credit ($) Q4(a) FIRE IT UP PTY LTD CASH FLOW STATEMENT FOR THE YEAR ENDING 30 JUNE 2018 $ $ Cash Flows from Operating Activities Receipts from customers...

Answer To: General Journal Date Details Debit ($) Credit ($) Q4(a) FIRE IT UP PTY LTD CASH FLOW STATEMENT FOR...

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