Chapter $3$

Editing

Add$-$ins

Problem $3\mathrm{.}19$

Journal entries, entering beginning account balances, posting to$,T$ accounts, and trial balance

Nan$-$GST version

The $31$ May $2026$ trial balance of Jason Williams, Physiotherapist, is shown below. Ignore GST$.$

The following transactions were completed during June.

June $1$ Purchased supplies on credit for $$5800.$

$3$ Received $$24400$ from patients as payment on account.

$6$ Paid the electricity expense of $$9500,$ previously recorded.

$10$ Performed services for $$1500$ that was recorded previowsly as unearned revenue.

$14$ Recorded revenue of $5163900$ in cash and $$24760$ on credit.

Paid salaries of $$32710.$

$20$ Purchased equipment for $$22500,$ paid by electronic transier.

$23$ Withdrew $$20000$ from the business for personal use.

$24$ Paid creditors $$5000.$

$26$ Purchased insurance policy for $$36000$ to cover business assets.

$27$ Received $$16000$ from patients as payment on account.

$29$ Recorded revenue of $$99300$ in cash and $$14000$ on eredit.

$30$ Paid rent of $$18000.$

Required:

a$)$ prepare journal entries

b$)$ Open T accounts for the accounts shown in trial balance

Enter $31$ may balance in each account

Post journal entries to the T account

c$)$ Prepare trial balance $30$ june $2026$