1. Prepare a trial balance based on the balances of these ledger accounts. Dr Cash A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,050 02-Sep By Prepaid Rent $3,600 04-Sep To Unearned Fees $3,500 03-Sep By Prepaid Insurance $1,500 06-Sep To Accounts Receivables $800 10-Sep By Advertisement expense $120 17-Sep To Accounts Receivables $2,100 12-Sep By Accounts Payable $800 24-Sep To Fees Earned $1,850 13-Sep By Salary Expenses $400 25-Sep To Accounts Receivables $1,300 18-Sep By Supplies $750 30-Sep To Accounts Receivables $1,050 27-Sep By Salary expense $400 30-Sep By Utilities expense $200 By Closing Balance $9,880 $17,650 $17,650 Dr Supplies A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $1,250 18-Sep To Cash $750 By Closing Balance $2,000 $2,000 $2,000 Dr Office Equipment A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $7,200 05-Sep To Accounts Payable $1,800 By Closing Balance $9,000 $9,000 $9,000 Dr Accounts Receivable A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep To Capital Stock $1,500 06-Sep By Cash $800 12-Sep To Fees earned $1,200 17-Sep By Cash $2,100 20-Sep To Fees earned $1,100 25-Sep By Cash $1,300 30-Sep To Fees earned $500 30-Sep By Cash $1,050 To Closing Balance $950 $5,250 $5,250 Dr Capital Stock A/C Cr Date Particulars Amount Date Particulars Amount 01-Sep By Cash $7,050 By Supplies $1,250 By Office Equipment $7,200 By Accounts Receivables $1,500 To Closing Balance $17,000 $17,000 $17,000 Dr Prepaid Rent A/C Cr Date Particulars Amount Date Particulars Amount 02-Sep $3,600 By Closing Balance $3,600 $3,600 $3,600 Dr Prepaid Insurance A/C Cr Date Particulars Amount Date Particulars Amount 03-Sep $1,500 By Closing Balance $1,500 $1,500 $1,500 Dr Unearned Fees A/C Cr Date Particulars Amount Date Particulars Amount 04-Sep By Cash $3,500 To Closing Balance $3,500 $3,500 $3,500 Dr Accounts Payable A/C Cr Date Particulars Amount Date Particulars Amount 12-Sep To Cash $800 05-Sep By Office Equipment $1,800 To Closing Balance $1,000 $1,800 $1,800 Dr Advertisement Expense A/C Cr Date Particulars Amount Date Particulars Amount 10-Sep To Cash $120 By Closing Balance $120 $120 $120 Dr Fees Earned A/C Cr Date Particulars Amount Date Particulars Amount 12-Sep By Accounts Receivables $1,200 20-Sep By Accounts Receivables $1,100 24-Sep By Cash $1,850 30-Sep By Accounts Receivables $500 To Closing Balance $4,650 $4,650 $4,650 Dr Salary Expense A/C Cr Date Particulars Amount Date Particulars Amount 13-Sep To Cash $400 27-Sep To Cash $400 By Closing Balance $800 $800 $800 Dr Utilities Expense A/C Cr Date Particulars Amount Date Particulars Amount 30-Sep To Cash $200 By Closing Balance $200 $200 $200
1. Prepare a
|
Dr |
Cash A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
01-Sep |
To Capital Stock |
$7,050 |
02-Sep |
By Prepaid Rent |
$3,600 |
|
04-Sep |
To Unearned Fees |
$3,500 |
03-Sep |
By Prepaid Insurance |
$1,500 |
|
06-Sep |
To Accounts Receivables |
$800 |
10-Sep |
By Advertisement expense |
$120 |
|
17-Sep |
To Accounts Receivables |
$2,100 |
12-Sep |
By Accounts Payable |
$800 |
|
24-Sep |
To Fees Earned |
$1,850 |
13-Sep |
By Salary Expenses |
$400 |
|
25-Sep |
To Accounts Receivables |
$1,300 |
18-Sep |
By Supplies |
$750 |
|
30-Sep |
To Accounts Receivables |
$1,050 |
27-Sep |
By Salary expense |
$400 |
|
30-Sep |
By Utilities expense |
$200 |
|||
|
|
By Closing Balance |
$9,880 |
|||
|
$17,650 |
|
$17,650 |
|||
|
Dr |
Supplies A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
01-Sep |
To Capital Stock |
$1,250 |
|
||
|
18-Sep |
To Cash |
$750 |
|
||
|
|
By Closing Balance |
$2,000 |
|||
|
$2,000 |
$2,000 |
||||
|
Dr |
Office Equipment A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
01-Sep |
To Capital Stock |
$7,200 |
|
||
|
05-Sep |
To Accounts Payable |
$1,800 |
|
||
|
|
By Closing Balance |
$9,000 |
|||
|
$9,000 |
$9,000 |
||||
|
Dr |
|
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
01-Sep |
To Capital Stock |
$1,500 |
06-Sep |
By Cash |
$800 |
|
12-Sep |
To Fees earned |
$1,200 |
17-Sep |
By Cash |
$2,100 |
|
20-Sep |
To Fees earned |
$1,100 |
25-Sep |
By Cash |
$1,300 |
|
30-Sep |
To Fees earned |
$500 |
30-Sep |
By Cash |
$1,050 |
|
To Closing Balance |
$950 |
||||
|
$5,250 |
$5,250 |
||||
|
Dr |
Capital Stock A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
01-Sep |
By Cash |
$7,050 |
|||
|
|
By Supplies |
$1,250 |
|||
|
|
By Office Equipment |
$7,200 |
|||
|
|
By Accounts Receivables |
$1,500 |
|||
|
To Closing Balance |
$17,000 |
||||
|
$17,000 |
$17,000 |
||||
|
Dr |
Prepaid Rent A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
02-Sep |
$3,600 |
|
|||
|
|
By Closing Balance |
$3,600 |
|||
|
$3,600 |
$3,600 |
||||
|
Dr |
Prepaid Insurance A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
03-Sep |
$1,500 |
|
|||
|
|
By Closing Balance |
$1,500 |
|||
|
$1,500 |
$1,500 |
||||
|
Dr |
Unearned Fees A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
04-Sep |
By Cash |
$3,500 |
|||
|
To Closing Balance |
$3,500 |
|
|||
|
$3,500 |
$3,500 |
||||
|
Dr |
Accounts Payable A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
12-Sep |
To Cash |
$800 |
05-Sep |
By Office Equipment |
$1,800 |
|
To Closing Balance |
$1,000 |
|
|||
|
$1,800 |
$1,800 |
||||
|
Dr |
Advertisement Expense A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
10-Sep |
To Cash |
$120 |
|
||
|
|
By Closing Balance |
$120 |
|||
|
$120 |
$120 |
||||
|
Dr |
Fees Earned A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
12-Sep |
By Accounts Receivables |
$1,200 |
|||
|
20-Sep |
By Accounts Receivables |
$1,100 |
|||
|
24-Sep |
By Cash |
$1,850 |
|||
|
30-Sep |
By Accounts Receivables |
$500 |
|||
|
To Closing Balance |
$4,650 |
|
|||
|
|
|||||
|
$4,650 |
$4,650 |
||||
|
Dr |
Salary Expense A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
13-Sep |
To Cash |
$400 |
|
||
|
27-Sep |
To Cash |
$400 |
|
||
|
|
By Closing Balance |
$800 |
|||
|
$800 |
$800 |
||||
|
Dr |
Utilities Expense A/C |
Cr |
|||
|
Date |
Particulars |
Amount |
Date |
Particulars |
Amount |
|
30-Sep |
To Cash |
$200 |
|
||
|
|
|||||
|
|
By Closing Balance |
$200 |
|||
|
$200 |
$200 |
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