QUESTION 2 (31 marks; 56 minutes)

LD Services has recently opened their business and has been struggling to find a suitable candidate to do their bookkeeping. They have turned to you for assistance. The owner of LD Services provides you with the following ledger accounts for the month of March 2021:

(a)

Capital 40 000 Accounts payable (b) Services rendered 5 000 Rent expense 2 000 Services rendered 10 000 Telephone 1 500 (c) 55 000

Advertising 5 000

(d) 1 000

Wages 1 250

Equipment

Accounts

payable 10 000

Bank 5 000

Vehicles

Bank 50 000

Capital 30 000

Accounts Payable

Bank 7 000 Equipment (e)

Capital

(f) 40 000

(g) (h)

Drawings

Bank 1 000

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You are required to:

a) Provide answers for (a) to (h) above. (8 marks)

b) Complete the ledger accounts by balancing the above accounts. (10 marks) c) Using the information above, prepare the Nominal Accounts Section of the general ledger. (6 marks)

d) Prepare a Trial Balance for LD Services for the period ended 31 March 2021. (7 marks)