MAA103 Assignment 1: Double-Entry Accounting Student ID XXXXXXXXXX Student Username tzaytou @deakin.edu.au Business Name: Elizabeth Sanchez trading as 'Horse Health' Account name Value $279,852...

How much would it cost to get this done please? Thanks


MAA103 Assignment 1: Double-Entry Accounting Student ID 217056243 Student Username tzaytou @deakin.edu.au Business Name: Elizabeth Sanchez trading as 'Horse Health' Account name Value $279,852 $18,624 $111,942 $58,470 $35,082 $59,091 $3,326 $48,136 $82,794 $343,383 Date 2/07/2020 3/07/2020 5/07/2020 8/07/2020 9/07/2020 11/07/2020 14/07/2020 18/07/2020 19/07/2020 20/07/2020 22/07/2020 25/07/2020 26/07/2020 27/07/2020 31/07/2020 3. Additional information Description Value Selling price per unit (GST inclusive) $99.00 Cost per unit (GST inclusive) $55.00 Service Revenue per hour (GST inclusive) $165.00 Ms Sanchez began operations as a retailer on 1 May 2019 under the business name Horse Health. She has the exclusive licence to import a equine antibiotic which she sells to veterinarians around Australia. She operates from a leased warehouse in the outer suburbs of Melbourne. Her business is registered for GST which she pays annually. Note that the business obtains all supplies from one supplier "Equine Medical Products pty. ltd.". Transactions for the month ended 31/07/2020 Relevant information: Received $12,416 as payment from customers previously owing accounts receivable. Cash Accounts Receivable Inventory Motor Vehicle Accum. Depreciation - Motor Vehicle Accounts Payable Office Supplies Capital GST Collected GST Paid Description Opening balances as at 01/07/2020 Paid Employee salaries for the month – Gross Amount $15,664; PAYG Tax Deducted $3,916; staff were paid the net amount in cash. Purchased new computer equipment for $5,500 (GST inclusive). Paid a 10% cash deposit and the rest was financed through a bank loan with the Bank of Deakin. Assume that the loan amount is paid diretly to the supplier. Purchased 16 units of inventory from supplier and paid the full amount in cash. Invoiced client for advice. Total invoice came to $330 (GST inclusive). The client has not yet settled their account. Purchased $990 (GST inclusive) of inventory, with 50% paid as a down payment and the remainder on credit Purchased another delivery van that costs $24,255 (GST inclusive). Paid the full amount in cash. 'Horse Health' decided to pay off all debt outstanding to 'Equine Medical Products Pty. Ltd.' including any payables at the beginning of the month. Invoiced a customer $6,600 (GST inclusive) for services provided. The customer paid half of it immediately and the remainder will be paid within 30 days. Ms Sanchez takes $198 from the business to buy a bottle of wine for her friend as a birthday present. The $198 amount included GST. Customer purchased 11 units of antibiotics. Customer paid the full amount in cash. Purchased $3,575 worth of inventory (GST inclusive). The business paid $542 as a down payment and the remainder is on credit. Business paid Utilities bill of $1,321 (GST inclusive). Sold 30 units of inventory and received $1,287 as cash payment. The rest was yet to be paid. Paid $660 to supplier for purchases previously made. Microsoft Word - T2 2020 MAA103 Assessment 1 instructions.docx MAA103 – Accounting for Decision Making - Trimester 2 2020 Assessment Task 1 – Journals and Ledgers – Individual RELEASE DATE AND TIME: Week 5, Friday 14th August 2020, 5:00pm (AEST) DUE DATE AND TIME: Week 6, Monday 24th August 2020, 8:00pm (AEST) PERCENTAGE OF FINAL GRADE: 15% Description and requirements The objective of this assignment is for you to record business transactions using a general journal and then post relevant entries into a specific ledger account. In this assessment, you will be given a set of randomly generated transactions based on some scenarios. Your task is to analyse and record each transaction (including the opening balances) into the General Journal. You will also then need to post the journal entries to the relevant sections of the General Ledger. You do not need to fill out the Trial Balance as it will automatically be calculated and carried over from your General Ledger (the trial balance is there just to help you check your balances). For this assignment, all the tasks and information will be sent to you via your Deakin Student email. The email will be sent out by Friday 14th August 2020, 5:00pm (AEST). To access your student emails, simply go to www.deakin.edu.au/email and log in with your Deakin username and password. In the email, you will find TWO files, a PDF document that outlines your own unique transactions/questions (“MAA103 A1 {STUDENT_ID}.pdf”), and a journal/ledger Excel template (“MAA103 A1 {STUDENT_ID}.xlsx”). Once you start working on the file you may save and go back to it as many times as you like; there is no need to complete it all in one go. Please make sure you use Microsoft Office Excel1 to complete the assignment as not doing so may results in technical errors, delays in your results, or loss of marks. Important: • Please make sure we have entered your student ID correctly (for both the PDF and Excel files). • When calculating any figures please round values to the closest dollar. For example, $12.49 would round to $12 and $12.50 would round to $13. • When filling out the General Journal and Ledger, please use the drop-down arrow to select the appropriate account name. You will not be able to use any other account name not listed. • Please enter in dates as dd/mm/yyyy. Note that your computer settings may have it displayed differently – it is okay as long as no error message comes up. • You are not required to manually enter in any “$” symbols. • Do NOT use any copy/cut and paste as it will throw off the automatic marking. You do not need to paste additional rows in the Excel file. There is enough space to record all transactions. If you miss a transaction, it would be best to start over. 1 Microsoft Office is available through the Deakin software library at http://software.deakin.edu.au/category/office- tools/. The link includes software and installation instructions for both Mac and Windows computers. Deakin students and staff have free access to Microsoft Office via Office 365 login (using your Deakin username and password). Sheet 1: Description • IMPORTANT: Your Student ID and Student Username should already be included here, please just check the information is correct before proceeding. • If you find an error in your Student ID, please email the teaching team. Sheet 2: General Journal • Record the General Journal entries for each of the transactions provided in your Scenario document (“MAA103 A1 {STUDENT_ID}.pdf”) including any opening balances. • Each entry must include a date, account names, and amounts in either the Dr or Cr column. • Narrations are not required and there is also no need to indent your accounts. • You may leave a line in-between each transaction but you don’t have to (see below). Sheet 3: Ledger • Post all relevant transactions from the general journal including opening balance. • Each entry must include a date, account name(s), and amount in the appropriate columns. • Note that the closing balance is calculated for you automatically (see below). • Your explanation should only contain the other account name(s) according to your journal entries, separated by a backslash “/” where necessary (see below). Sheet 4: Trial Balance • This sheet is automatically generated from your General Ledger. • There is no need to do anything here – this is just generated to help you ‘check’ your balances. Learning Outcomes This task allows you to demonstrate achievement towards the unit learning outcomes. The ULOs are aligned with specific graduate learning outcomes – that is, the skills and knowledge graduates are expected to have upon completion of their studies – and this assessment task is an important tool in determining achievement of those outcomes. If you do not demonstrate achievement of the unit learning outcomes, you will not be successful in this unit. Unit Learning Outcomes (ULO) Graduate Learning Outcomes (GLO) ULO 2: Explain how business transactions are analysed using the ‘accounting equation’ and how the resulting figures can assist in preparing accounting reports. GLO1: Discipline-specific knowledge and capabilities. GLO4: Critical Thinking ULO 3: Use visual and other technology such as spreadsheets to communicate researched information. GLO1: Discipline-specific knowledge and capabilities. GLO3: Digital literacy Submission This assessment is to be submitted ONLINE into the “T2 2020 MAA103 Assignment 1 Dropbox” available on the MAA103 Cloud Deakin site as follows: This will load up a new screen where you can “Add a File”. Once you have added the file, please don’t forget to press “Submit” The Assessment Dropbox via CloudDeakin has been set up so that a new submission will replace the old one completely. Please note that you will be required to submit only ONE Microsoft Excel workbook in .XLSX format2. Please do not submit in any other file format otherwise a penalty in marks will be imposed. You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy. Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism. When you submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment Dropbox folder after upload, and check for, and keep, the email receipt for the submission. A word for Mac users. When opening the Assignment 1 file using Excel on a Mac, this message is likely to pop up. Please select “Yes” to allow Excel repair itself. Once repaired, click “Delete”. 2 You must use Excel if you are using a Mac. Assignment 1 completed using “Numbers” will not be accepted. Marking and feedback Students who submit their work by the due date will receive their marks and feedback on CloudDeakin 15 working days after the submission date. Extensions Extensions will only be granted for exceptional and/or unavoidable circumstances outside the student’s control. Students seeking an extension for an assignment prior to the due date should apply directly to the Unit Chair by completing the Assignment and Online Test Extension Application Form. Requests for extensions will not be