Prepare a trial balance as of December 31, 2021. Cash Account 580.00 Interest Earned 200.00 Cash in Bank Account 25,000.00 Inventory Account 20,000.00 Furniture Account 2,000.00 Building Account 10,000.00 Anil Account-debtors 1,000.00 Madhu Account-debtors 2,000.00 Capital Account 55,000.00 Babu's Loan Account 10,000.00 Purchase Account 8,800.00 Purchase Discount 380.00 Bahrat Company-creditors 5,000.00 Fixtures Account 5,300.00 Interest on Loans Payable 500.00 Sales Account 7,100.00 Bad Debts Account 300.00 Salary Account 2,000.00 Drawings Account 200.00 NOTE: Please put VAT as applicable if it requires percentage it's 5%
Prepare a trial balance as of December 31, 2021. Cash Account 580.00 Interest Earned 200.00 Cash in Bank Account 25,000.00 Inventory Account 20,000.00 Furniture Account 2,000.00 Building Account 10,000.00 Anil Account-debtors 1,000.00 Madhu Account-debtors 2,000.00 Capital Account 55,000.00 Babu's Loan Account 10,000.00 Purchase Account 8,800.00 Purchase Discount 380.00 Bahrat Company-creditors 5,000.00 Fixtures Account 5,300.00 Interest on Loans Payable 500.00 Sales Account 7,100.00 Bad Debts Account 300.00 Salary Account 2,000.00 Drawings Account 200.00 NOTE: Please put VAT as applicable if it requires percentage it's 5%
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 14PA: Prepare journal entries to record the following transactions. Create a T-account for Cash, post any...
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Prepare a |
|||
Cash Account | 580.00 | ||
Interest Earned | 200.00 | ||
Cash in Bank Account | 25,000.00 | ||
Inventory Account | 20,000.00 | ||
Furniture Account | 2,000.00 | ||
Building Account | 10,000.00 | ||
Anil Account-debtors | 1,000.00 | ||
Madhu Account-debtors | 2,000.00 | ||
Capital Account | 55,000.00 | ||
Babu's Loan Account | 10,000.00 | ||
Purchase Account | 8,800.00 | ||
Purchase Discount | 380.00 | ||
Bahrat Company-creditors | 5,000.00 | ||
Fixtures Account | 5,300.00 | ||
Interest on Loans Payable | 500.00 | ||
Sales Account | 7,100.00 | ||
300.00 | |||
Salary Account | 2,000.00 | ||
Drawings Account | 200.00 | ||
NOTE: Please put VAT as applicable if it requires percentage it's 5% |
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