Acc101

Question 1
The following transactions occurred during the month of kinsfolk for Wendys Wedding Planning Services.




1 folk nonrecreational the insurance in advance for the period ending 31 declination $4,000
2 familyReceived $1,500 in advance for marriage ceremony provision services to be provided in October
8 family linePaid the wages to staff $2,900 (not previously recorded)
9 SeptemberNegotiated with a spic-and-span client regarding planning a freehanded wedding for December, with an expected fee of $5,500
11 SeptemberPaid an account payable $800
14 SeptemberReceived specie on account from a client $3,200
16 September utilize up $300 of stationery
19 SeptemberPurchased new office furniture on credit $10,000
20 SeptemberProvided wedding planning services to a client for cash $2,800
22 SeptemberPaid $5,000 off the bank loan
26 SeptemberPaid the electricity bill for September $600 in cash (not previously recorded)
28 SeptemberProvided wedding planning services to clients on account $4,800
30 SeptemberUsed up 1 month of the insurance that was prepaid on 1 September





Wendys Wedding Planner Services Worksheet
Assets =Liabilities +Equity
bookingCash at bankAccounts ReceivableStationeryprepaid InsuranceOffice FurnitureAccounts PayableUnearned receiptsBank LoanCapitalProfit or loss
1-Sep22, cd9,100700400035,0006,200015,00050,000
2-Sep 1500 1500
8-Sep-2900 -2900
9-SepNo Transaction
11-Sep-800 -800
14-Sep3200 3200
16-Sep -300 -300
19-Sep 1000010000
20-Sep2800 2800
22-Sep-5000 -5000
26-Sep-600 -600
28-Sep 4800 4800
30-Sep -1000 -1000
Balance19,10015,4004003,00045,00015,4001,50010,00050,0006,000





Question 2
1.Describe the main business activities of Metcash Ltd, including the industries they operate in.
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