(solution) using apa referencing system for 1st question

(solution) using apa referencing system for 1st question

its in the attached file Document Preview: ACC200 Accounting Systems -201290 Assessment Item 1 Assignment 1 Value: 10% Submission method options: Post (Electronic submission via EASTS is not permitted) Question 1 (30 marks) Maximum 600 words Traditionally, the role of an accountant is to capture and record financial information. Has this role changed? Why or why not? Question 2 (70 marks) Presented below are the sales and cash receipts journals for Garden Growers for its first month of operations. Sales Journal S1 Date Account debited Post ref. Accounts Receivable Dr Sales Cr Cost of goods Sold Dr Inventory Cr Feb 3 9 12 26 Flower Factory Ltd P. Babcock D. Chambers K. Dawson 6600 8800 9600 7200 32200 4356 5148 6336 4752 20592 Cash Receipts Journal CR1 Date Account credited Post ref. Cash Dr Discount Allowed Dr Accounts Receivable Cr Sales Cr Other Accounts Cr Cost of Goods Sold Dr Inventory Cr Feb 1 P. Sims, Capital 35000 35000 2 7800 7800 5148 13 Flower Factory Ltd 6534 66 6600 18 Inventory 180 180 26 P. Babcock 8800 8800 58314 66 15400 7800 35180 5148 In addition, the following transactions have not been journalised for February 2012. Feb 6 Purchased inventory on account from Aussie Seed Supplies Ltd for $4800, term 1/7, n/30. 9 Purchased inventory on account from Gardenia Grove Pty Ltd for $40000, terms 1/10, n/30. 9 Paid cash of $1200 for purchase of supplies. 12 Paid $4752 to Aussie Seed Supplies Ltd in payment for $4800 invoice, less 1% discount. 15 Purchased equipment for $9600 cash. 16 Purchased inventory on account from Rose’s Garden $2880, terms 2/7, n/30. 17 Paid $35640 to Gardenia Grove Pty Ltd in payment of $36000 invoice, less 1% discount. 20 Withdrew cash of $1700 from business to pay for personal electricity bill. 21 Purchased inventory on account from J. Able for $8800, terms 1/7, n/30. 28 Paid $2880 to Rose’s Garden in payment of $2880 invoice. Required a. Open the following accounts in the general ledger. (Note steps a & d can be combined, you do not have to show ledgers twice.) 101 Cash…