Question: Question No 2: (10 + 10 = 20 Marks) You are required to post the following journal entries to the respective ledger account and to
Question No 2: (10 + 10 = 20 Marks) You are required to post the following journal entries to the respective ledger account and to prepare trial balance from the ledger accounts. Date Particulars Credit (RO) Debit (RO) 18,000 1 May Dr. Cash Cr. Capital 18.000 5 May 250 Dr. Cash Cr. Riding Revenue 250 7 May 300 Dr. Cash Cr. Boarding Revenue 300 14 May 800 Dr. Riding Equipment Cr. Cash 800 15 May 400 Dr. Salaries Expense Cr. Cash 400 20 May 148 Dr. Cash Cr. Riding Revenue 148 30 May 75 Dr. Veterinary Expense Cr. Accounts payable 75 31 May 1700 Dr. Hay and Feed Expense Cr. Cash 1700 31 May 200 Dr. Utility Expense Cr. Accounts payable Cr. Cash 35 165 31 May 600 Dr. Salaries expense Cr. Cash 600
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