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Reversing revenue and expense Entries in the ledger
Reversing revenue and expense Entries in the ledger
I really need help in reversing Revenue and Expense entries in the ledger……what do you have to do to reverse Interest Expense and Interest Revenue??? I have attached a file if you would like to have a preview of what i am doing.,….please help
My email address is cpunc3@eq.edu.au
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Sheet2
Date
Particulars
Balance
CR
DR
Amount
Amount
F
LEDGER
2010/11
Accounts Receivable Control a/c
DY
Bank
Bad Debts
Sales
Profit & Loss Summary
Accrued Interest
Interest Revenue a/c
Accrued Revenue
Accounts Payable a/c
Accounts Payable Control
Cost of Goods Sold
Aishlin’s Pet Shop Supplies
Inventories Control
Wages a/c
Accrued Wages
Interest Expense a/c
Accrued Expense Interest
Inventories Control a/c
?7?/?1?/?2011
560.00
47418.00
?6?/?30?/?2011
47400.00
?6?/?30?/?2011
132.00
?7?/?1?/?2011
410.00
47960.00
47960.00
?7?/?1?/?2011
410.00
?6?/?30?/?2011
545.00
?6?/?30?/?2011
35.00
545.00
545.00
?7?/?1?/?2001
0.00
?6?/?1?/?1930
154.00
?6?/?30?/?2011
100.00
154.00
154.00
?7?/?1?/?2011
5600.00
17890.00
?6?/?30?/?2011
6510.00
4900.00
11380.00
5010.00
?7?/?1?/?2011
3400.00
?6?/?30?/?2011
4900.00
6510.00
9910.00
9910.00
?7?/?1?/?2011
4900.00
15200.00
?6?/?30?/?2011
14000.00
?6?/?30?/?2011
1200.00
14000.00
14000.00
580.00
?6?/?30?/?2011
545.00
?7?/?1?/?2011
35.00
545.00
545.00
Sheet2
Date
Particulars
Balance
CR
DR
Amount
Amount
F
LEDGER
2010/11
Accounts Receivable Control a/c
DY
Bank
Bad Debts
Sales
Profit & Loss Summary
Accrued Interest
Interest Revenue a/c
Accrued Revenue
Accounts Payable a/c
Accounts Payable Control
Cost of Goods Sold
Aishlin’s Pet Shop Supplies
Inventories Control
Wages a/c
Accrued Wages
Interest Expense a/c
Accrued Expense Interest
Inventories Control…
Sheet2
Date
Particulars
Balance
CR
DR
Amount
Amount
F
LEDGER
2010/11
Accounts Receivable Control a/c
DY
Bank
Bad Debts
Sales
Profit & Loss Summary
Accrued Interest
Interest Revenue a/c
Accrued Revenue
Accounts Payable a/c
Accounts Payable Control
Cost of Goods Sold
Aishlin’s Pet Shop Supplies
Inventories Control
Wages a/c
Accrued Wages
Interest Expense a/c
Accrued Expense Interest
Inventories Control a/c
?7?/?1?/?2011
560.00
47418.00
?6?/?30?/?2011
47400.00
?6?/?30?/?2011
132.00
?7?/?1?/?2011
410.00
47960.00
47960.00
?7?/?1?/?2011
410.00
?6?/?30?/?2011
545.00
?6?/?30?/?2011
35.00
545.00
545.00
?7?/?1?/?2001
0.00
?6?/?1?/?1930
154.00
?6?/?30?/?2011
100.00
154.00
154.00
?7?/?1?/?2011
5600.00
17890.00
?6?/?30?/?2011
6510.00
4900.00
11380.00
5010.00
?7?/?1?/?2011
3400.00
?6?/?30?/?2011
4900.00
6510.00
9910.00
9910.00
?7?/?1?/?2011
4900.00
15200.00
?6?/?30?/?2011
14000.00
?6?/?30?/?2011
1200.00
14000.00
14000.00
580.00
?6?/?30?/?2011
545.00
?7?/?1?/?2011
35.00
545.00
545.00
Sheet2
Date
Particulars
Balance
CR
DR
Amount
Amount
F
LEDGER
2010/11
Accounts Receivable Control a/c
DY
Bank
Bad Debts
Sales
Profit & Loss Summary
Accrued Interest
Interest Revenue a/c
Accrued Revenue
Accounts Payable a/c
Accounts Payable Control
Cost of Goods Sold
Aishlin’s Pet Shop Supplies
Inventories Control
Wages a/c
Accrued Wages
Interest Expense a/c
Accrued Expense Interest
Inventories Control…
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