University	Western Institute of Technology at Taranaki (WITT)
Subject	ACCY5102 Applied Accounting

WESTERN INSTITUTE OF TECHNOLOGY AT TARANAKI/TE PŪKENGA

School of Māori Enterprise, Business and Technology

NZ2459 New Zealand Diploma in Business (Level 5) TP4775 Bachelor of Accounting

ACCY5102 Assessment 1

Learning Outcomes:

L/O 1: Process transactions to the trial balance stage for an organisation

Trimester 1, 2026

Date Due: Tuesday 31 March 2026, 11.59pm

Contribution to your final grade: 20%

Turnitin Class ID: 51988708 / Enrolment Key AAS12026

Purpose of Assessment

To assess Learning Outcome

L/O 1: Process transactions to the trial balance stage for an organisation

INSTRUCTIONS

Presentation:

You must present your work as a professionally formatted submission. This assumes that grammar, sentence construction and spelling are all checked and the report is written to a standard expected of a first-year university student.
Your report must be:
a. word processed
b. printed and formatted correctly for A4 size paper
c. identified as your work with your student identification number appearing on every page as a footer
d. 1.5 line spaced
e. use a standard 11 or 12pt font such as Arial, Calibri or Verdana
f. correctly referenced using APA 7^th addition style referencing
g. submitted through the Turnitin process. Submitted as ONE submission. By submitting through Turnitin, you have confirmed that this is your own, original work
h. submitted on or before the due date
The Student Charter outlines your rights and responsibilities as ākonga. It includes the following clauses:

Not claim the work of another person or generative artificial intelligence as their own work.
Not copy or paraphrase another person’s work or use generative artificial intelligence, whether published or unpublished without clearly acknowledging it. Paraphrasing without appropriate acknowledgement (Referencing) will be deemed to be plagiarism.

By submitting your assessment, you confirm that it is your own, original work.

Content:

Question	Learning Outcomes L/O 1: Process transactions to the trial balance stage for an organisation	Marks 100	Proportion of Final Marks 20%
Task 1 (1)	Record Accounting transactions	30	6%
Task 1 (2)	Process General Ledgers	30	6%
Task 1 (3)	Prepare a Trial Balance	5	1%
Task 1 (4)	Prepare Subsidiary Ledgers	20	4%
Additional Marks	Treatment of GST	10	2%
Additional Marks	Accuracy and Consistency	5	1%

Scenario

As a new staff member at Ace Accountants Ltd, you have been asked to process the transactions for Sparkle Cleaners, a new client who set up business three months ago. You receive the following instructions.

We have a new client who has provided information about their transactions as a commercial cleaning service. I need you to produce some information prior to a meeting with them.

Please process the transactions for Jamie McIvor. These will help me produce a set of financial statements and give advice on how the business is performing.

The information the client provided is below.

Please use the attached Excel Workbook, which I have set up for the task.

Background

Jamie McIvor is a self-employed cleaner, trading as Sparkle Cleaners. He has been selfemployed since April 2025. Jamie uses the periodic inventory system. All purchases of cleaning supplies are coded to 5200 Purchases.

Jamie is registered for GST. All figures are GST-inclusive where applicable. You can assume that valid GST taxable supply information is held for all qualifying transactions.

Jamie employs two part-time employees.

Following are Jamie’s trial balance as at May 2025 and details of his June 2025 transactions:

Jamie McIvor trading as Sparkle Cleaners Trial Balance as at 31 May 2025


Account code Account name		Dr $	Cr $
1100 Kiwibank		26,700
1200 Accounts receivable		24,955
1300 Inventory		2,750
1500 Equipment at cost		95,000
1510 Equipment accum. deprec.			35,000
1700 Vehicles at cost		66,000
1710 Vehicles accum. deprec.			16,000
2200 Accounts payable			17,020
2300 GST			4,710
2400 PAYE payable			4,270
2800 Kiwibank loan			75,000
3100 Capital			100,000
3200 Drawings		60,000
4100 Contracting income			348,000
5200 Purchases		56,400
6010 Accounting		4,200
6020 Advertising		4,900
6030 Bank fees		460
6040 EFTPOS expenses		1,450
6070 Entertainment		690
6080 General expenses		12,450
6090 Insurance and ACC		15,900
6100 Interest – bank loan		2,700
6110 Motor vehicle expenses		12,300
6120 Office expenses		8,700
6130 Protective clothing		8,900
6150 Repairs and maintenance		14,770
6160 Subscriptions		435
6170 Telephone and internet		2,140
6180 Wages and salaries		178,200
	$ 600,000		$ 600,000

The details of the accounts receivable as at 31 May 2025 were:

Accounts receivable

920

1,380

16,100 4,600

805

1,150

$24,955

Total

D Farmer

Central Council

JD Law

Mid City Motel Ltd

R Smithers

Townsend Development Ltd

The details of the accounts payable as at 31 May 2025 were:

Accounts payable	Cr
	$
ASB Insurance	3,450
Ecoshop Ltd	4,600
EFTPOS Systems Ltd	230
Mitre10 Ltd	2,300
NZ Cleaning Supplies Ltd	5,750
The Warehouse	690

Total 17,020

Transactions during June 2025 were as follows:

Date	Details
4 June	Invoiced JD Law $1,610 for cleaning work completed. Invoice 952.
5 June	Received an invoice from ASB Insurance for $1,150 for business insurance for June.
5 June	A customer paid $460 by EFTPOS for a garage cleaning job. Invoice 953.
5 June	Purchased $138 fuel for work ute from BP. Paid by EFTPOS
7 June	A customer paid $575 by EFTPOS for a cleaning job. Invoice 954.
7 June	Paid The Warehouse $690 for their May account using online banking.
7 June	Received $805 from R Smithers for their May account.
8 June	Received $1,380 from Central Council for their May account.
8 June	Purchased fuel at BP for work ute, paid $115 by EFTPOS.
8 June	Invoiced Central Council $5,750 for cleaning work. Invoice 955.
9 June	Completed a deluxe clean for D Bowie for $3,450. Customer paid by EFTPOS. Invoice 956.
9 June	Customer paid $115 monthly fee for June cleaning work by internet transfer. Record as a cash sale.
9 June	Paid $345 for purchases from Stationery Warehouse: $115 for office stationery (code to office expenses) and $230 for tea bags, biscuits and cleaning supplies (code to general expenses)
10 June	Purchased latex gloves, safety glasses and face masks for staff safety. Paid Safety Ltd $690 using debit card for online purchase.
11 June	Invoiced R Smithers $805 for cleaning his Airbnb. Invoice 957.
11 June	Invoiced a cash customer $1,610 for clearing their rental property. Invoice 958. Customer paid by internet banking.

12 June	Purchased a wet and dry commercial vacuum cleaner for $5,750 from Housemaid Supplies Ltd. The $5,750 is to be paid off over five months at $1,150 per month as an interest-free hire purchase. Assets purchases under $1,000 are coded to general expenses. Assets over $1,000 are coded to equipment.
12 June	Purchased equipment from Mitre10 Ltd for $920. Made payment by internet transfer. Assets purchases under $1,000 are coded to general expenses. Assets over $1,000 are coded to equipment.
15 June	Invoiced a cash customer $920 for cleaning work. Invoice no. 959. The customer paid by internet transfer.
15 June	Purchased bulk cleaning liquids for $1,380 from Ecoshop Ltd. Payment is due 22 Jul. Code to purchases.
16 June	Made bank loan payment of $750. Payment consisted of $440 interest and $310 loan principal.
17 June	Received $16,100 from JD Law for their May account.
17 June	Paid first hire purchase payment of $1,150
18 June	Paid NZ Cleaning Supplies Ltd $3,500 for part payment of their May account.
18 June	Paid Ecoshop $4,600 for their May account.
18 June	Purchased new vacuum cleaner for a total of $1,610 from The Warehouse. Payment is due June 23. Assets purchases under $1,000 are coded to general expenses. Assets over $1,000 are coded to equipment.
19 June	Received an invoice for $2,300 from Meta for advertising on Facebook. Due date is 7 Jul.
19 June	Paid ASB Insurance for May account. $3,450 by online banking.
20 June	Paid May PAYE Payable of $4,270 by internet transfer.

21 June	Purchased fuel from BP, $138. Paid by EFTPOS.
23 June	Purchased cleaning supplies from NZ Cleaning Supplies Ltd for $3,450. Due date is July 14.
23 June	Invoiced a customer $4,600 for deep cleaning. Invoice 960. Customer paid by internet transfer.
23 June	Jamie took $4,600 cash drawings by internet transfer.
24 June	Paid wages of $15,600 consisting of PAYE of $3,450 and internet payment to staff of $12,150. The PAYE portion is payable 20 July.
24 June	Invoiced a cash customer $575 for cleaning work. The money was banked the same day. Invoice no. 961.
25 June	Received $3,600 from Central Council in part payment of invoice no. 955.
26 June	Received payment from Townsend Developments for $575 towards their May balance.
27 June	Invoiced Mid City Motel Ltd $2,300 for work completed. Invoice 962.
28 June	Paid Bank fees of $69.
28 June	Paid 2degrees $92 for telephone plan.
30 June	Stocktake showed inventory on hand was $1,900.

Task

Use the template provided to complete the following: (Template must be used, do not create your own template)

Record the June 2025 transactions in the specialised journals and the general journal.
Complete reference columns where appropriate.

Some accounts that aren’t in the opening trial balance are provided for in the general ledger.

Total the specialised journals.
Include narrations for general journal entries.

(30 marks)

Using the general ledger on the second tab of the template provided, record the opening balances as at 1 June 2025, and then post the journals from Task 1. to the ledger accounts.

(30 marks)

From the closing balances in the general ledger, prepare a trial balance as at 30 June 2025.

(5 marks)

Record the opening balances in the accounts receivable subsidiary ledger and the accounts payable subsidiary ledger and then post the journals to the ledgers.

Prepare a reconciliation of accounts receivable and accounts payable as at 30 June 2025.

(20 marks)

Additional marks

Correct treatment of GST. (10 marks)

Overall accuracy and consistency with figures. (5 marks)

(Assessment total: 100 marks)

Marking schedule

Transaction processing	24–30 marks	19.5–23.5 marks	15–19 marks	12–14.5 marks	1–11.5 marks
1. Record the June 2025 transactions in the specialised journals and the general journal. Complete reference columns where appropriate. Total the specialised journals. Include narrations for general journal entries.	Places all transactions in the correct journal. Analyses the transactions and totals all journal columns with no errors or only a couple of numerical errors. Includes meaningful narrations where required.	Consistently places transactions in the correct journal. Analyses the transactions and totals all journal columns with minor errors or some missing totals. Includes mostly meaningful narrations where required.	Records transactions in the correct journal with minor errors. Mostly completes the journals including totals and narrations with some errors.	Records some transactions correctly. Attempts some analysis and totals some journal columns. Narrations used inconsistently.	Records very few transactions correctly. Doesn’t analyse transactions or total journal columns, or analysis is incorrect. Narrations missing.
Ledgers	24–30 marks	19.5–23.5 marks	15–19 marks	12–14.5 marks	1–11.5 marks
2. Using the general ledger on the second tab of the template provided, record the opening balances as at 1 June 2025, and then post the journals from Task a. to the ledger accounts.	Sets up opening ledger balances correctly. Correctly posts all journal entries and totals to ledger accounts with posting references. Correctly balances ledger accounts.	Sets up opening ledger balances correctly. Correctly posts most journal entries and totals to ledger accounts with posting references. Correctly balances ledger accounts.	Sets up most opening ledger balances correctly. Posts journal entries to ledger accounts with posting references with minor inconsistencies. Balances ledger accounts.	Sets up some opening ledger balances correctly. Posts some journal entries to ledger accounts correctly but inconsistently. Balances some ledger accounts correctly.	Sets up opening ledger balances mostly incorrectly or does not include them. Posts very few journal entries. Very few ledger accounts balanced.

Trial balance	4–5 marks	3.5 marks	2.5–3 marks	2 marks	1–1.5 marks
3. From the closing balances in the general ledger, prepare a trial balance as at 30 June 2025.	Trial balance includes all correct ledger account balances and is in balance.	Trial balance includes all ledger account balances as calculated by learner and is in balance.	Trial balance includes all ledger account balances as calculated.	Trial balance reflects most ledger account balances as calculated.	Trial balance does not reflect the ledger account balances as calculated.
Subsidiary ledgers	16–20 marks	13–15.5 marks	10–12.5 marks	8–9.5 marks	1–7.5 marks
4. Record the opening balances in the accounts receivable subsidiary ledger and the accounts payable subsidiary ledger, and then post the journals to the subsidiary ledgers. Prepare a reconciliation of accounts receivable and accounts payable as at closing date.	Posts journal entries correctly to subsidiary ledgers with posting references. Correctly completes reconciliation.	Posts journal entries correctly to subsidiary ledgers with posting references with a few errors. Completes reconciliation.	Correctly records most transactions in the accounts receivable subsidiary ledger accounts with posting references. Reconciliation mostly correct.	Posts some individual transactions for accounts receivable subsidiary ledger.	Posts few individual transactions for accounts receivable subsidiary ledger.
GST	8–10 marks	6.5–7.5 marks	5–6 marks	4–4.5 marks	1–3.5 marks
Correct treatment of GST.	Accounts for GST correctly.	Minor errors in accounting for GST.	Accounts for GST correctly most of the time but with some errors.	GST is mostly calculated incorrectly or is applied inconsistently.	GST is not accounted for, or calculates GST incorrectly.
Overall accuracy	4–5 marks	3.5 marks	2.5–3 marks	2 marks	1–1.5 marks
Accuracy and consistency with figures.	Records correct figures and transfers figures correctly. Calculates totals correctly.	Records correct figures and transfers figures correctly. Calculates totals correctly with non-significant errors.	Records figures and transfers figures with errors.	Lacks accuracy and consistency with figures with significant errors. Frequently records incorrect figures and incorrectly transfers figures. Lacks totals.	Mostly or all inaccurate recording of figures.

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ACCY5102 Applied Accounting Assessment 1 Trimester 1, 2026 | WITT New Zealand

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