Date Accounts Debit ($) Credit ($) 1/01/2022 Cash A/c Dr 20000 To Capital 20000 1/01/2022 Purchase A/c
Question:
Date Accounts Debit ($) Credit ($)
1/01/2022 Cash A/c Dr 20000
To Capital 20000
1/01/2022 Purchase A/c Dr 5000
To Cash 5000
1/01/2022 Purchase A/c Dr 1000
To Cash 1000
1/01/2022 Insurance A/c Dr 1500
To Cash 1500
Jan-22 Revenue A/c Dr 3500
To Cash 3500
15/01/2022 Salary A/c Dr 1500
To Cash 1500
20/01/2022 Rent A/c Dr 3000
To Cash 3000
30/01/2022 Electricity A/c Dr 150
Phone Bill A/c Dr 80
To Accounts payable 230
5/02/2022 Revenue A/c Dr 1500
Advanced Received A/c Dr 2000
To Cash 3500
15/02/2022 Salary A/c Dr 1500
To Cash 500
To Accounts payable 1000
17/02/2022 Cash A/c Dr 500
To Purchase 500
19/02/2022 Cash A/c Dr 10000
To Loan 10000
20/02/2022 Rent A/c Dr 3000
To Cash 3000
25/02/2022 Revenue A/c Dr 100
To Cash 100
28/02/2022 Electricity A/c Dr 260
Phone Bill A/c Dr 100
To Accounts payable 360
28/02/2022 Drawing A/c Dr 1500
To Cash 1500
15/03/2022 Accounts Payable A/c Dr 1000
To Cash 1000
15/03/2022 Accounts Payable A/c Dr 360
To Cash 360
Prepare a trial balance for the journal entries
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann