Date Particular Dr Cr May1,2018 Cash A/C 500000 To Capital A/c 500000 ( Being Capital introduced in the business) 3-May Golf land A/c 230000 Building A/c 90000 Equipment A/c 60000 To Cash A/c 380000 ( Being Golf land, Building and Equipment is been purchases and recorded) 5-May Advertisement Expenses A/c 16000 To Cash A/C 16000 ( Being advertisement expenses in been incurred and recorded) 6-May Insurance Policy Expenses A/C 14800 To Bank A/c 14800 ( Being Insurance premium is been paid) 10-May Equipment A/c 16000 To Pambunal Company A/c 16000 ( Being Equipment purchases on credit, payment due in 30 days) 18-May Cash A/c 8000 To Fee Income A/C 8000 ( Being golf fees income is been received and recorded) 19-May Cash A/C 15000 To Coupon Book A/c 15000 ( Being 100 Coupon books is been sold at rate of 150 each) 25-May Drawing A/c 5000 To Cash A/c 5000 ( Being cash is been withdraw for personal use) 30-May Salaries A/C 6000 To Cash 6000 31-May Cash A/c 5000 To Fee Income A/c 5000 Give its ledgers, trial balance, and financial statements

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Date	Particular	Dr	Cr

May1,2018	Cash A/C	500000
	To Capital A/c		500000
	( Being Capital introduced in the business)

3-May	Golf land A/c	230000
	Building A/c	90000
	Equipment A/c	60000
	To Cash A/c		380000
	( Being Golf land, Building and Equipment is been purchases and recorded)

5-May	Advertisement Expenses A/c	16000
	To Cash A/C		16000
	( Being advertisement expenses in been incurred and recorded)

6-May	Insurance Policy Expenses A/C	14800
	To Bank A/c		14800
	( Being Insurance premium is been paid)

10-May	Equipment A/c	16000
	To Pambunal Company A/c		16000
	( Being Equipment purchases on credit, payment due in 30 days)

18-May	Cash A/c	8000
	To Fee Income A/C		8000
	( Being golf fees income is been received and recorded)

19-May	Cash A/C	15000
	To Coupon Book A/c		15000
	( Being 100 Coupon books is been sold at rate of 150 each)

25-May	Drawing A/c	5000
	To Cash A/c		5000
	( Being cash is been withdraw for personal use)

30-May	Salaries A/C	6000
	To Cash		6000

31-May	Cash A/c	5000
	To Fee Income A/c		5000

Give its ledgers, trial balance, and financial statements

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