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Please provide the financial transactions for Roma Ice Cream Boutique to complete the accounting questions (creditors journal, cashbook payments, accounting equation, general journal).
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It appears that the "above information" or the specific financial transactions for Roma Ice Cream Boutique, which are necessary to complete these questions, are missing from the image provided. Without the details of the transactions, I cannot prepare the journals or complete the accounting equation table.
Please provide the financial transactions or the full case study for Roma Ice Cream Boutique so I can help you solve these questions.
Here's what each question requires:
- Q.2.1. Creditors journal (use a periodic inventory system): This journal records all purchases of goods on credit. To complete it, I would need the dates, names of suppliers, and the amounts of credit purchases.
- Q.2.2. Cashbook payments (use a periodic inventory system): This part of the cashbook records all payments made by cash or bank. I would need the dates, details of the payments (e.g., for what expense or to whom), and the amounts paid.
- Q.2.3. Accounting equation for transactions that would go into the petty cash journal: This requires a list of small cash transactions typically paid from a petty cash fund. For each transaction, I would need to identify the accounts debited and credited, and then show the effect (+ or -) on Assets, Owner's Equity, and Liabilities.
- Q.2.4. General journal (use a perpetual inventory system): This journal records transactions that do not fit into specialized journals. I would need specific transaction details, including dates, accounts involved, amounts, and a description (narration) for each.
- Q.2.5. Cashbook receipts (use a perpetual inventory system): This part of the cashbook records all money received by cash or bank. I would need the dates, sources of the receipts, and the amounts received.
Once you provide the missing information, I can proceed with solving these questions.
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