TS1302 Journals to trial balance

Created: 31/05/2017 | Review date: 01/07/2018 | Version: 2017

TS1302 Journals to trial balance

Test 2 – Answer book
Chinese name:
PINYIN:
English:
Class:
Student Number:
Time allowed for this Assessment:
Time allowed: 1.5 hours
Total marks
This assessment will contribute up to 70% of your final mark for this unit
Test conditions
Closed book
Assessment conditions:
This test will be conducted under exam conditions and students are not permitted to speak to or copy
from other students.
Misconduct as stipulated in NMIT Student Discipline Rule (NMIT/IR/11) includes “Cheating, attempting to
cheat or knowingly assisting any other student to Cheat or attempt to cheat.”
You are required to answer the questions in the answer book.
Do not remove any staples or pages from either the question or answer books.
Electronic translation dictionaries, graphics calculators and mobile phones are not permitted.
For teacher use:
Question Competent / Not yet competent Mark or NYC
1
2

A student will not receive a pass unless they are competent in every question in this Assessment

MELBOURNE POLYTECHNIC INTERNATIONAL PROGRAMS

TS1302 Journals to trial balance Test 2 Answer Page 1 of 5

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TS1302 Journals to trial balance

(a) Rod Retailer – General Ledger

TRADE DEBTORS CONTROL
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 4,850 DR

TRADE CREDITORS CONTROL

DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 1,080 CR

SALES
DATE DETAILS DEBIT CREDIT BALANCE

PURCHASES
DATE DETAILS DEBIT CREDIT BALANCE

SALES RETURNS AND ALLOWANCES

DATE DETAILS DEBIT CREDIT BALANCE

PURCHASE RETURNS AND ALLOWANCES

DATE DETAILS DEBIT CREDIT BALANCE

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TS1302 Journals to trial balance

BANK
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 4,120 DR

DRAWINGS
DATE DETAILS DEBIT CREDIT BALANCE

STATIONERY
DATE DETAILS DEBIT CREDIT BALANCE

ADVERTISING
DATE DETAILS DEBIT CREDIT BALANCE

WAGES
DATE DETAILS DEBIT CREDIT BALANCE

DISCOUNT REVENUE
DATE DETAILS DEBIT CREDIT BALANCE

OFFICE FURNITURE
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 10,000 DR

DIVIDEND REVENUE
DATE DETAILS DEBIT CREDIT BALANCE

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CAPITAL
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 63,000 CR

DISCOUNT EXPENSE
DATE DETAILS DEBIT CREDIT BALANCE

OFFICE EQUIPMENT
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 8,000 DR

SUNDRY CREDITOR – MS COMPUTERS

DATE DETAILS DEBIT CREDIT BALANCE

BAD DEBTS
DATE DETAILS DEBIT CREDIT BALANCE

LAND AND BUILDINGS

DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 100,000 dr

MORTGAGE LOAN
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 65,000 cr

SHARES IN XY LTD.
DATE DETAILS DEBIT CREDIT BALANCE

June 30 Balance 2,110 DR

(26 MARKS)

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TS1302 Journals to trial balance

st
(b) Rod Retailer – Trial balance as at 31

DEBIT CREDIT
ACCOUNT

(4 MARKS)

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