Bar Stado Pty Ltd
10 Norton street, Leichardt, NSW 2040
General Journal
1/06/2014 To 30/06/2014
ID#Acct#Account NameDebitCreditJob No.
1/06/2014$8,800 (GST Inclusive) was paid to rent premises for the period 1st June to the 31st August
GJ0000121-1615Prepaid Rent$8,800.00
GJ0000121-1110Cash$8,800.00
4/06/2014Banked the cash component of $7,700
GJ0000131-1110Cash$7,700.00
GJ0000134-1011sales$7,000.00
GJ0000132-3010GST Collections$700.00
7/06/2014Banked the cash component of $7,150 (GST Inclusive) from bar sales
GJ0000141-1110Cash$7,150.00
GJ0000142-3010GST Collections$650.00
GJ0000144-1011sales$6,500.00
10/06/2014Purchased $4,400 (GST Inclusive) alcohol on credit from the clubs main supplier, ”Liquour King”
GJ0000151-6001Inventory (Alcohol)$4,000.00
GJ0000152-3030GST Outlays$400.00
GJ0000152-1000Account Payable$4,400.00
11/06/2014Paid $1,200 wages owed to contractors for renovations performed in May 2014. This amount that was owing was recorded as an Accured Expense
GJ0000162-2110Accured Expenses$1,200.00
GJ0000161-1110Cash$1,200.00
14/06/2014Purchased a new computerised cash register on credit from ”NTU Office Supplies”.The cost of the register was $2,200 (GST Inclusive)
GJ0000171-1301Computer Equipment$2,000.00
GJ0000172-3030GST Outlays$200.00
GJ0000172-1000Account Payable$2,200.00
15/06/2014Banked the cash component of $5,500 (GST Inclusive) from the previous weeks bar sales
GJ0000181-1110Cash$5,500.00
GJ0000184-1011sales$5,000.00
GJ0000182-3010GST Collections$500.00
17/06/2014Paid the full amount owed to ”NTU Office Supplies”
GJ0000191-1110Cash$2,200.00
GJ0000192-1000Account Payable$2,200.00
18/06/2014Paid $9,500 wages to employees for work performed so far in the month of June
GJ0000201-1110Cash$9,500.00
GJ0000206-5100Wages & Salaries$9,500.00
19/06/2014Paid the telephone bill for the month of May. The bill amounted to $484 (GST Inclusive)
GJ0000211-1110Cash$484.00
GJ0000216-5500Telephone$440.00
GJ0000212-3030GST Outlays$44.00
19/06/2014Banked the cash component of $5,390 (GST Inclusive) from the previous weeks bar sales
GJ0000221-1110Cash$5,390.00
GJ0000222-3010GST Collections$490.00
GJ0000224-1011sales$4,900.00
20/06/2014Purchased $1,056 (GST Inclusive) worth of alcohol using cash
GJ0000231-1110Cash$1,056.00
GJ0000231-6001Inventory (Alcohol)$960.00
GJ0000232-3030GST Outlays$96.00
20/06/2014Repaid $2,500 owed to Liquor King
GJ0000241-1110Cash$2,500.00
GJ0000242-1000Account Payable$2,500.00
22/06/2014Banked the cash component of $5,610 from the weekends bar sales
GJ0000251-1110Cash$5,610.00
GJ0000252-3010GST Collections$510.00
GJ0000254-1011sales$5,100.00
22/06/2014The GST for the month for May, was paid to the ATO. The GST collected in May was $4,300 and GST outlaid was $900
GJ0000262-3010GST Collections$4,300.00
GJ0000262-3030GST Outlays$900.00
GJ0000261-1110Cash$3,400.00
23/06/2014Recieved $11,000 (GST Inclusive) in advance from the Dance Society of NSW for a function to be held at the club in late July. Preparation for the function will begin in early July.
GJ0000271-1110Cash$11,000.00
GJ0000274-1011sales$10,000.00
GJ0000272-3010GST Collections$1,000.00
24/06/2014Purchased $8,800 (GST Inclusive) worth of alcohol from ”Liquor King”. Half of this purchase was made from credit.
GJ0000012-3030GST Outlays$800.00
GJ0000012-1000Account Payable$4,400.00
GJ0000011-6000Inventory$8,000.00
GJ0000011-1110Cash$4,400.00
27/06/2014Banked the cash component of $5,060 (GST Inclusive) from the previous weeks bar sales
GJ0000021-1110Cash$5,060.00
GJ0000022-3010GST Collections$460.00
GJ0000024-1010New Account$4,600.00
27/06/2014A customer owning $40 has filed for bankruptcy and hence his debt has been written off as uncollectable
GJ0000036-5060Bad Debts$40.00
GJ0000031-2001Allowance for D.Debts$40.00
28/06/2014Made a $4,000 loan repayment. $2,800 of this payment went towards the payment of interest on the loan.
GJ0000049-1302Interest Expense$2,800.00
GJ0000042-4000Loan Payable$1,200.00
GJ0000041-1110Cash$4,000.00
28/06/2014Banked the cash component of $5,280 (GST inclusive) from the previous weeks bar sales
GJ0000051-1110Cash$5,280.00
GJ0000054-1011sales$4,800.00
GJ0000052-3010GST Collections$480.00
29/06/2014Paid $5,000 that was owed to “Liquor King”
GJ0000062-1000Account Payable$5,000.00
GJ0000061-1110Cash$5,000.00
30/06/2014Expense Rent up to date
GJ0000076-5050Rent$2,666.66
GJ0000072-3030GST Outlays$266.67
GJ0000071-1615Prepaid Rent$2,933.33
30/06/2014Recieved $400 owed by patron
GJ0000081-1110Cash$400.00
GJ0000082-2000Accounts Recievable$400.00
30/06/2014Paid $9000 wages to employees for the rest of the work performance
GJ0000096-5100Wages & Salaries$9,000.00
GJ0000091-1110Cash$9,000.00
30/06/2014The owner withdrew $1,700 from the business in order to repay a personal debt
GJ0000103-6000Owners Drawing$1,700.00
GJ0000101-1110Cash$1,700.00
30/06/20141% credit sales
GJ0000112-2000Accounts Recievable$532.22
GJ0000114-1011sales$483.84
GJ0000112-3010GST Collections$48.38
Grand Total:$121,735.55$121,735.55