ACC506 Task 2a 

Due Date: Midnight Friday of week 4 (10 August 2018)

Weighting: 5%

General information about the assignment

The assignment must be your own individual work; i.e. it is not a group assignment. If it is believed that a student has copied material from another student or any other source without appropriate referencing, the necessary action

will be taken under the University’s  Student  Academic Misconduct Policy:

You have to submit the assignment only electronically via Safe Assignment on the course Blackboard site. If you want to apply for an extension to your submission date, please email Hafij Ullah ( to explain the circumstances and attach any necessary supporting documentation. Late penalties will be applied for assignments submitted after midnight on the due date without an approved extension. More details on late penalties are provided in the course outline.

You must complete the assignments using Excel. Necessary guidance on this will be provided in lectures, tutorials and/or computer lab sessions.

Task 2AMarks Distribution:

Marks will be allocated to each component of the assignment as follows:

Accounting Services Pty Ltd (ASPL), managed by James Kate, provides accounting, taxation, and financial planning services to clients. Note that ASPL is registered for GST. The balance sheet for ASPL as at 1 April 2018 is as follows:Case Study – Part 1

Accounting Services Pty Ltd.

Balance sheet as at 1 April 2018

During the three months from April to June, Accounting Services Pty Ltd. conducted the following transactions:


  1. Provide journal entries of the transactions (use appropriate format and formula in excel).
  2. Post the journal to the General Ledger Accounts (use appropriate format and formula in excel).
  3. Prepare a Trial Balance (use appropriate format, formula in excel and follow ALORE order for arranging the accounts).