Simple Company

General Journal
31-Dec-17
Description Debit
Cash 20,000
Capital

(investment made by the owner)

Marketing and advertisement expense 2,000

Cash
(an expense was made by management for marketing)

Purchases 8,000
Cash

Recievables 4,000
Sales
(services provided to customers in return for cash)

Utility expense 1,000

Utility Payable
(utility expenses should be payed)

Recievables 8,000
Sales
(Services were promised to be paid which were offered on credit)

Utility Payable 500

Cash
(half of the utilities bill has been paid at the end of month)

Income 5,700
Recievable
(debtors paid 60% of the amount of their amount dues)

Building 15,000
Cash
Payables
(building bought on cash and rest decided to be paid in future)
Fees 1,000
Cash
(cash taken out to pay school fees)

Stationary 500
Goods 1,500
Overdraft
(STC took and overdraft from bank)

Cash 8,000
Recievables
(current years debtors has cleared)
75,200
Credit cash account
date description Dr $ date
20,000 Capital 20,000

Sales 4,000

2,000

8,000
Total 24,000

4,000
Capital account
date description Dr $ date

1,000 Balance C/F 20,000

Total 20,000

8,000

500

marketing and advertisement account

5,700 date description Dr date
cash 2,000

10,000 Total 2,000

5,000
1,000

Purchases account
2,000 date description Dr date
Cash 8,000

8,000 Total 8,000

75200

Sales account
date description Dr date

Balance C/F 4,000

Total 4,000

Utility expense
date description Dr date
Utility payable 1,000

Total 1,000
 Utility Payable
date description Dr date
Cash 500

Balance C/F 500

Total 1,000

Recievables account
date description Dr date
Sales 9,500

Balance C/F 4,200

Total 13,700

Building account
date description Dr date
Cash 10,000
Payables 5,000

Total 15,000
 Accounts Payable
date description Dr date

Balance C/F 5,000

Total 5,000

Fees account
date description Dr date
Cash 1,000

Total 1,000

Stationary account
date description Dr date
Overdraft 500

Total 500
 Goods account
date description Dr date
Overdraft 1,500

Total 1,500

Overdraft account
date description Dr date

Balance C/F 2,000

Total 2,000
 Simple Company
Trail Balance
31-Dec-17
description Cr$ Description
Cash

Marketing &
Advertisement
expense 2,000 Capital
Purchases 8,000 Marketing & advertisement
Purchases
Utility Payable 500 Sales
Building 10,000 Utility Expense
Fee 1,000 Utility payable
21,500 Recievables
Balance C/F 2,500 Income
Total 24,000 Building
Accounts Payable
Fees
Stationary
description Cr$ Goods
Cash 20,000 Overdraft
Total
Total 20,000

Date

dvertisement account
description Cr

Balance C/F 2,000

Total 2,000
description Cr

Balance C/F 8,000

Total 8,000

description Cr
Recievables 4,000

Total 4,000

description Cr

Balance C/F 1,000

Total 1,000
description Cr
Utility Expense 1,000

Total 1,000

Income Account
description Cr date description Dr
Cash 5,700 Cash 5,700
Sales 8,000 Sales 8,000

Total 13,700 Total 13,700

description Cr

Balance C/F 15,000

Total 15,000
description Cr
Building 5,000

Total 5,000

description Cr

Baalnce C/F 1,000

Total 1,000

description Cr

Balance C/F 500

Total 500
description Cr

Balance C/F 1,500

Total 1,500

description Cr
Stationary 500
goods 1,500

Total 2,000
 Asset Ledger
Date Particular Debit Date
Recievable 9,500
Building
Debit Credit Cash 15,800
2,500 Drawings 5,000

20,000 Stationary 1,300

2,000 Purchases 13,400
8,000
4,000
1,000
500
4,200
4,200
15,000
5,000
1,000
500
1,500
2,000
35,700 35,700

Capital Ledger
Date Particular Debit Date
date description Cr
Sales 9,500

Balance C/F 4,200

Total 13,700
Particular Credit
Date Particular

Particular Credit
Liability Ledger

Debit Date Particular Credit