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In: Accounting

FNSACC11: Activity 19 - (Please note: Australian The trial balance is out of balance. Find and...

FNSACC11: Activity 19 - (Please note: Australian

The trial balance is out of balance. Find and correct the irregularities. There are three irregularities. The cash transactions are correct in all cases.

1

Copy the information with any corrections from the sample T accounts into the T accounts provided.

Cash

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
1/3/XX	Interest	1.35	5/3/XX	Fuel	18.00
6/3/XX	Cash Sale	2,999.00	7/3/XX	Toner	247.00
11/3/XX	Cash Sale	2,597.00	12/3/XX	Fuel	36.50
13/3/XX	Cash Sale	55.00	19/3/XX	Fuel	36.75
25/3/XX	Cash Sale	3,528.00	20/3/XX	Rent	480.00
25/3/XX	Cash Sale	16.00	26/3/XX	Fuel	28.75
		9,196.35			847.00
	c/f	(847.00)
		8,349.35

Stationery

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
7/3/XX	Toner	247.00

Stationery

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount

Motor Vehicle Expenses

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
5/3/XX	Fuel	18.00
12/3/XX	Fuel	36.50
26/3/XX	Fuel	28.75
		83.25

Motor Vehicle Expenses

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount

Rent

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
20/3/XX	Rent	480.00

Rent

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount

Sales

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
			6/3/XX	Cash Sale	2,999.00
			11/3/XX	Cash Sale	2,579.00
			13/3/XX	Cash Sale	55.00
			25/3/XX	Cash Sale	3,528.00
			25/3/XX	Cash Sale	16.00
					9,177.00

Sales

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount

Interest Received

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
			1/3/XX	Interest	1.00

Interest Received

Debit			Credit
Date	Ref	Amount	Date	Ref	Amount

Expert Solution


CASH
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
1/3/XX	Interest	1.35	5/3/XX	Fuel	18
6/3/XX	Cash Sale	2,999.00	7/3/XX	Toner	247
11/3/XX	Cash Sale	2,597.00	12/3/XX	Fuel	36.5
13/3/XX	Cash Sale	55	19/3/XX	Fuel	36.75
25/3/XX	Cash Sale	3,528.00	20/3/XX	Rent	480
25/3/XX	Cash Sale	16	26/3/XX	Fuel	28.75
		9,196.35			847
	c/f	-847
		8,349.35
Stationery
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
7/3/XX	Toner	247
Stationery
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
7/3/XX	Toner	247
Motor Vehicle Expenses
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
5/3/XX	Fuel	18
12/3/XX	Fuel	36.5
26/3/XX	Fuel	28.75
		83.25
Motor Vehicle Expenses
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
5/3/XX	Fuel	18
12/3/XX	Fuel	36.5
19/3/XX	Fuel	36.75
26/3/XX	Fuel	28.75
		120
Rent
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
20/3/XX	Rent	480
Rent
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
20/3/XX	Rent	480
Sales
Debit			Credit
Date	Ref	Amount	Date	Ref	Amount
			6/3/XX	Cash Sale	2,999.00
			11/3/XX	Cash Sale	2,579.00
			13/3/XX	Cash Sale	55
			25/3/XX	Cash Sale	3,528.00
			25/3/XX	Cash Sale	16
					9,177.00
Sales

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