Open the excel file BSBFIA401_AE_Sk_1of3_SR_1of2.xlsx and open… Open the excel file BSBFIA401_AE_Sk_1of3_SR_1of2.xlsx and open worksheet ‘PART 2 Genera

Open the excel file BSBFIA401_AE_Sk_1of3_SR_1of2.xlsx and open… Open the excel file BSBFIA401_AE_Sk_1of3_SR_1of2.xlsx and open worksheet ‘PART 2 General Journal’Using the information from the trial balance, prepare journal entries to close the revenue and expenses accounts to the trading ledger account and the profit and loss ledger account. The perpetual inventory system is used by Haywards Bay Seafoods.Close the trading ledger account to the profit and loss ledger accountClose the profit and loss ledger account to the capital accountWhen entering the general journal entries for this task you do not need to enter a reference number on the General Journal. Haywards Bay SeafoodsTrial Balance as at 30 June 20X1AccountDebit $Credit $Buildings957,415 Bank29,500 Accounts Receivable28,500 Accounts Payable 25,000GST Collected 103,000Sales 1,589,000Cost of Goods Sold405,590 Office Equipment44,750 Inventory69,160 Insurance16,140 Electricity37,660 Depreciation expense39,790 Telephone10,950 Salaries227,350 Rates11,190 Rent42,420 Fuel39,585 Capital 243,000TOTAL1,960,0001,960,000 Accounting Business Financial Accounting ACCOUNITNG BSBFIA401 Share QuestionEmailCopy link Comments (0)

What you need to now about MLA, APA, HARVARD AND CHICAGO

MLA (Modern Language Association) is a citation style used in the arts and humanities, such as literature, language, and cultural studies. In MLA style, in-text citations are used to give credit to sources and a Works Cited page is included at the end of the paper to list all sources. Example of an in-text citation in MLA style: (Smith 42). Example of a Works Cited entry in MLA style:
Smith, John. The Art of Literature. New York: Random House, 2018. Print. APA (American Psychological Association) is a citation style used in the social sciences, such as psychology, sociology, and education. APA style uses in-text citations and a Reference page, which lists all sources used in the paper. Example of an in-text citation in APA style: (Smith, 2018). Example of a Reference page entry in APA style:
Smith, J. (2018). The science of psychology. New York, NY: Random House.
Harvard is a citation style used in the humanities, social sciences, and natural sciences, primarily in the UK and other countries. In Harvard style, in-text citations are used to give credit to sources and a References page is included at the end of the paper to list all sources. Example of an in-text citation in Harvard style: (Smith, 2018). Example of a References page entry in Harvard style:
Smith, J. (2018) The Art of Literature. New York: Random House.
Chicago is a citation style used in the arts, humanities, and social sciences. It is also known as “Turabian” after its manual of style. Chicago style uses in-text citations and either footnotes or endnotes, along with a Bibliography page. Example of a footnote in Chicago style: 1. John Smith, The Art of Literature (New York: Random House, 2018), 42. Example of a Bibliography page entry in Chicago style:
Smith, John. The Art of Literature. New York: Random House, 2018.

Each citation style has its own set of rules and guidelines, and it is important for students to use the correct citation style for their field of study. Proper use of citation styles not only gives credit to sources, but also helps to establish credibility and reliability in academic writing.

Open the excel file BSBFIA401_AE_Sk_1of3_SR_1of2.xlsx and open…          Open the excel file BSBFIA401_AE_Sk_1of3_SR_1of2.xlsx and open worksheet ‘PART 2 General Journal’Using the information from the trial balance, prepare journal entries to close the revenue and expenses accounts to the trading ledger account and the profit and loss ledger account. The perpetual inventory system is used by Haywards Bay Seafoods.Close the trading ledger account to the profit and loss ledger accountClose the profit and loss ledger account to the capital accountWhen entering the general journal entries for this task you do not need to enter a reference number on the General Journal. Haywards Bay SeafoodsTrial Balance as at 30 June 20X1AccountDebit $Credit $Buildings957,415 Bank29,500 Accounts Receivable28,500 Accounts Payable 25,000GST Collected 103,000Sales 1,589,000Cost of Goods Sold405,590 Office Equipment44,750 Inventory69,160 Insurance16,140 Electricity37,660 Depreciation expense39,790 Telephone10,950 Salaries227,350 Rates11,190 Rent42,420 Fuel39,585 Capital 243,000TOTAL1,960,0001,960,000                                                            Accounting                                                Business                                                Financial Accounting                            ACCOUNITNG BSBFIA401                                                                      Share QuestionEmailCopy link                              Comments (0)

What you need to now about MLA, APA, HARVARD AND CHICAGO
MLA (Modern Language Association) is a citation style used in the arts and humanities, such as literature, language, and cultural studies. In MLA style, in-text citations are used to give credit to sources and a Works Cited page is included at the end of the paper to list all sources. Example of an in-text citation in MLA style: (Smith 42). Example of a Works Cited entry in MLA style:
Smith, John. The Art of Literature. New York: Random House, 2018. Print. APA (American Psychological Association) is a citation style used in the social sciences, such as psychology, sociology, and education. APA style uses in-text citations and a Reference page, which lists all sources used in the paper.  Example of an in-text  citation  in APA style: (Smith, 2018). Example of a Reference page entry in APA style:
Smith, J. (2018). The science of psychology. New York, NY: Random House.
Harvard is a citation style used in the humanities, social sciences, and natural sciences, primarily in the UK and other countries. In Harvard style, in-text citations are used to give credit to sources and a References page is included at the end of the paper to list all sources. Example of an in-text citation in Harvard style: (Smith, 2018). Example of a References page entry in Harvard style:
Smith, J. (2018) The Art of Literature. New York: Random House.
Chicago is a citation style used in the arts, humanities, and social sciences. It is also known as “Turabian” after its manual of style. Chicago style uses in-text citations and either footnotes or endnotes, along with a Bibliography page. Example of a footnote in Chicago style: 1. John Smith, The Art of Literature (New York: Random House, 2018), 42. Example of a Bibliography page entry in Chicago style:
Smith, John. The Art of Literature. New York: Random House, 2018.

Each citation style has its own set of rules and guidelines, and it is important for students to use the correct citation style for their field of study. Proper use of citation styles not only gives credit to sources, but also helps to establish credibility and reliability in academic writing.

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