Prepare the various records and reports in the accounting cycle of a manufacturing company for given transactions.

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company sells database software and technology, cloud engineered systems, and enterprise software products. Company started business with cash $10,000, stock $12,000, and furniture & $4,000 on Jan 1 2018. Purchased goods from Peter $20,000. Opened bank account $2,500. Sold goods to Mark $15,000. Withdrew for personal purpose $600. Paid to Peter $16,500 and goods returned to him worth $3,500. Purchased goods from John and paid by cheque $8,500. Interest on deposit allowed by bank $6,400. Received from Mark $10,000 and goods returned by him worth $5,000. Charges made by bank for their service $500.Withdrawn cash from bank $6,500. A cheque of $4,500 received from Sam returned dishonored.

Required: -

From the above transactions pass journal entries, prepare ledger accounts and also prepare a trial balance.

Date	Particulars	L.F	Dr. Amount	Cr. Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Date	Particulars	JF	Amount	Date	Particulars	JF	Amount

Answer rating: 100% (QA)

Question journal entries Journal Entries Dat Particulars AC 2018 jani Cash AlC STOCK Ac fu... View the full answer