Kindly review my answer agaisnt the question attached on General ledger T Accounts and please let me know if any corrections are to be done Office Fixtures01-Aug-21 Capital05-Aug-21 Bank05-Aug-21 Accounts Payable15-Aug-21 Cash28-Aug-21 Bank1200 31-Aug-21 Ending Balance54601000240011075054605460Van01-Aug-21 Capital04-Aug-21 Bank08-Aug-21 Accounts Payable32000 31-Aug-21 Ending Balance46900620087004690046900Bank01-Aug-21 Capital02-Aug-21 Loan Payable25-Aug-21 Cash36800 03-Aug-21 Cash12400 04-Aug-21 Van430 05-Aug-21Office Fixtures19-Aug-21 Accounts Payable28-Aug-21 Office Fixtures31-Aug-21 Ending Balance2800620010008700750301804963049630Loan Payable31-Aug-21 Ending Balance12400 02-Aug-21 Bank124001240012400Cash03-Aug-21 Bank2800 15-Aug-21 Office Fixtures11025-Aug-21 Bank31-Aug-21 Ending Balance430226028002800Accounts Payable19-Aug-21 Bank31-Aug-21 Ending Balance8700 05-Aug-21office Fixtures2400 08-Aug-21 Van240087001110011100 On 1 August 2021, the owners of the ABC Enterprise, Maurice & brothers, decided that they willboldly go and keep their records on a double entry system. Their assets and liabilities at that datewere. Their assets and liabilities at that date were: office fixtures £1200, a van £32,000 and £36,800in the bank account. They have no liabilities at the 1" of August 2021Their transactions during August 2021 were as follows:2021August2Maurice & brothers received a loan of £12,400 from Santander Bank and they deposited intheir bank account.3The amount of £2800 was transferred from bank Account to Cash in hand account.4Bought a second-hand Van paying by cheque £6,2005Bought office fixtures £3400 from Sharp Office Ltd. They paid £1000 by issuing a chequeand rest of the fixtures value would remain as credit.8Bought a new van on credit from Toyota Co. £8,70015Bought office fixtures paying by cash £11019Paid Toyota Co. a cheque for whole amount of debt25Paid £430 of the cash in hand into the bank account28Bought new office fixtures paying via bank account £750Required:a.Record the transactions in the general ledger (T Accounts) of Maurice & brothers

Journal means the book of prime entry where all entries are recorded in different pages. Ledger…

Answered: Kindly review my answer agaisnt the…

Kindly review my answer agaisnt the question attached on General ledger T Accounts and please let me know if any corrections are to be done

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...

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Domingo Company started its business on January 1, 2019. The following transactions occurred during the month of May. Prepare the journal entries in the journal on Page 1. A. The owners invested $10,000 from their personal account to the business account. B. Paid rent $500 with check #101. C. Initiated a petty cash fund $500 with check #102. D. Received $1,000 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,350 with check #104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $600, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $55. Cash on hand $11. Check #106. J. Increased petty cash by $30, check #107.
Hajun Company started its business on May 1, 2019. The following transactions occurred during the month of May. Prepare the journal entries in the journal on Page 1. A. The owners invested $5,000 from their personal account to the business account. B. Paid rent $400 with check #101. C. Initiated a petty cash fund $200 check #102. D. Received $400 cash for services rendered E. Purchased office supplies for $90 with check #103. F. Purchased computer equipment $1,000, paid $350 with check #104 and will pay the remainder in 30 days. G. Received $500 cash for services rendered. H. Paid wages $250, check #105. I. Petty cash reimbursement office supplies $25, Maintenance Expense $125, Miscellaneous Expense $35. Cash on hand $18. Check #106. J. Increased Petty Cash by $50, check #107.
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Inner Resources Company started its business on April 1, 2019. The following transactions occurred during the month of April. Prepare the journal entries in the journal on Page 1. A. The owners invested $8,500 from their personal account to the business account. B. Paid rent $650 with check #101. C. Initiated a petty cash fund $550 check #102. D. Received $750 cash for services rendered. E. Purchased office supplies for $180 with check #103. F. Purchased computer equipment $8,500, paid $1,600 with check #104 and will pay the remainder in 30 days. G. Received $1,200 cash for services rendered. H. Paid wages $560, check #105. I. Petty cash reimbursement office supplies $200, Maintenance Expense $140, Miscellaneous Expense $65. Cash on Hand $93. Check #106. J. Increased Petty Cash by $100, check #107.
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On 1 August 2021, the owners of the ABC Enterprise, Maurice & brothers, decided that they will boldly go and keep their records on a double-entry system. Their assets and liabilities at the date were, office fixtures £1200, a van £32000 and £36800 in the bank account. They have no liabilities at the 1st of August 2021. Their transactions during August 2021 were as follows: -2 August: Maurice & brothers received a loan of £12400 from Santander Bank and they deposited in their bank account. - 3 August: The amount of £2800 was transferred from bank Account to Cash in hand account. - 4 August: Bought a second-hand Van paying by cheque £6200 - 5 August: Bought office fixtures £3400 from Sharp Office Ltd. They Paid £1000 by issuing a cheque and the rest of the fixtures value would remain as a credit. - 8 August: Bought a new van on credit from Toyota Co. £8700 - 15 August: Bought office fixtures paying by cash £110 - 19 August: Paid Toyota Co. a cheque for whole amount of debt.…
On 1 August 2021, the owners of the ABC Enterprise, Maurice & brothers, decided that they will boldly go and keep their records on a double entry system. Their assets and liabilities at that date were. Their assets and liabilities at that date were: office fixtures £1200, a van £32,000 and£36,800 in the bank account. They have no liabilities at the 1st of August 2021Their transactions during August 2021 were as follows:2021August2 Maurice & brothers received a loan of £12,400 from Santander Bank and they deposited in their bank account. 3 The amount of £2800 was transferred from bank Account to Cash in hand account.4 Bought a second-hand Van paying by cheque £6,200 5 Bought office fixtures £3400 from Sharp Office Ltd. They paid £1000 by issuing a cheque and rest of the fixtures value would remain as credit. 8 Bought a new van on credit from Toyota Co. £8,700 15 Bought office fixtures paying by cash £110 19 Paid Toyota Co. a cheque for whole amount of debt25 Paid £430 of the…
Mr Jacky has not kept proper bookkeeping records, but he has kept notes in diary form of the trasactions of his business as at 31 May 2021. THe following transactions relate to financial year ended on 31 May 2021. a. THe sales are mosly on credit basis. No record of sales has been made, but N$ 14 200 has been received, N$ 9 700 by cheque and N$ 4 500 by cash, from debtors. b. Amount paid by cheque to suppliers during the year amounted to N$ 5 500. c. Mr. Jacky took N$ 2 600 cash for the year for personal use. d. The following payments was made for the year by cheque, Telephone Expense N$ 1 250, Transport Expenses N$ 840, Rent Expense N$ 2 200 and by cash, General Expense N$ 250 and Municipal Expense N$ 450. e. Assets was acquired on 31 March 2020, as: Motor Vehicle N$ 24 600 and Furniture and Fittings N$ 18 400. Depreciation of 10% straight line for 31 May 2021 f. THe following information is available: at 31.05.2020…
F Polk, after being in Bakery business for some years without keeping proper records, now decidesto keep a double entry set of books. On 1 September 2021 he establishes that his assets andliabilities are as follows: Assets: Van £5,700, Fixtures £2,800, Stock £5,200, Debtors – P Mullen£105, M Abel £311, Bank £1060, Cash £85. Liabilities: Creditors – Syme Ltd £229, A Hill £80.
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