January Particulars Debit Credit

1 Cash 1,500,000
Zabala, Capital 1,500,000
Prepaid Rent 60,000
Cash 60,000
Purchases 400,000
Cash 400,000

2 Furniture and Fixtures 100,000

Accounts Payable 100,000

3 Office Supplies 3,000

Cash 3,000
Van 300,000
Cash 300,000
Gas and Oil Expense 2,000
Cash 2,000

5 Cash 50,000
Sales 50,000

6 Accounts Receivable 100,000

Sales 100,000

7 Cash 10,000
Sales 10,000

9 Accounts Payable 100,000

Cash 100,000

10 Purchases 500,000
Accounts Payable 500,000

11 Cash 200,000
Sales 200,000

14 Gas and Oil Expense 2,000

Cash 2,000

15 Cash 98,000
Sales Discount 2,000
Accounts Receivable 100,000

Salaries Expense 12,000

Cash 12,000
16 Insurance Expense 12,000
Cash 12,000

18 Utilities Expense 4,000

Accounts Payable 4,000

20 Accounts Payable 500,000

Cash 490,000
Purchase Discount 10,000

21 Cash 10,000
Sales 10,000

22 Utilities Payable 4,000

Cash 4,000

25 Accounts Receivable 10,000

Sales 10,000

28 Purchases 50,000
Cash 50,000

30 Salaries Expense 10,000

Cash 10,000
Zabala, Drawings 20,000
Cash 20,000

TOTAL 4,059,000 4,059,000

CASH ZABALA, CAPITAL
2021 Particulars Debit Credit Balance 2021 Particulars
January 1 1,500,000 1,500,000 January 1
1 60,000 1,440,000
1 400,000 1,040,000 OFFICE SUPPLIES
3 3,000 1,037,000 2021 Particulars
3 300,000 737,000 January 3
3 2,000 735,000
5 50,000 785,000 UTILITIES EXPENSE
7 10,000 795,000 2021 Particulars
9 100,000 695,000 January 18
11 200,000 895,000
14 2,000 893,000 FURNITURE AND FIXTURES
15 98,000 991,000 2021 Particulars
15 12,000 979,000 January 2
20 500,000 479,000
21 10,000 489,000 SALES DISCOUNT
22 4,000 485,000 2021 Particulars
28 50,000 435,000 January 6
30 12,000 423,000
30 20,000 403,000 PURCHASE DISCOUNT
2021 Particulars
ACCOUNTS PAYABLE January 10
2021 Particulars Debit Credit Balance
January 2 100,000 100,000
6 98,000 0 VAN
9 100,000 0 2021 Particulars
10 500,000 500,000 January 3
15 98,000 98,000
18 4,000 4,000 GAS AND OIL EXPENSE
20 500,000 0 2021 Particulars
22 4,000 0 January 3
14
 SALES
Debit Credit Balance 2021 Particulars Debit Credit Balance
1,500,000 1,500,000 January 5 50,000 50,000
6 100,000 150,000
7 10,000 160,000
Debit Credit Balance 11 200,000 360,000
3,000 3,000 21 10,000 370,000
25 10,000 380,000

Debit Credit Balance

4,000 4,000 ACCOUNTS RECEIVABLE
2021 Particulars Debit Credit Balance
January 25 10,000 10,000
Debit Credit Balance
100,000 100,000
PURCHASES
2021 Particulars Debit Credit Balance
Debit Credit Balance January 1 400,000 400,000
2,000 2,000 10 500,000 900,000
28 50,000 950,000

Debit Credit Balance PREPAID INSURANCE

10,000 2021 Particulars Debit Credit Balance
January 16 12,000 12,000

INSURANCE EXPENSE
Debit Credit Balance 2021 Particulars Debit Credit Balance
300,000 300,000 January 16 12,000 12,000

ZABALA, DRAWINGS
Debit Credit Balance 2021 Particulars Debit Credit Balance
2,000 2,000 January 30 20,000 20,000
2,000 4,000
PREPAID RENT
2021 Particulars Debit Credit Balance
January 1 60,000 60,000

SALARIES EXPENSE
2021 Particulars Debit Credit Balance
January 30 12,000 12,000
 UNADJUSTED TRIAL BALANCE
Accounts DR CR
Cash 403,000
Furniture and Fixtures 100,000
Office Supplies 3,000
Van 300,000
Accounts Receivable 10,000
Sales Discounts 2,000
Sales 380,000
Purchase Discounts 10,000
Purchases 950,000
Utilities Payable
Accounts Payable
Rent Expense 60,000
Gas and Oil Expense 4,000
Salaries Expense 22,000
Insurance Expense 12,000
Utilities Expense 4,000
Zabala, Drawings 20,000
Zabala, Capital 1,500,000
1,890,000 1890000
ADJUSTMENTS DR CR
a. Office Supplies Expense 2,000
Office Supplies 2,000

b. Merchandise Inventory 50,000

Income Inventory 50,000

c. Salaries Payable 2,000

Salaries Expense 2,000

d. Prepaid Insurance 11,000

Insurance Expense 11,000

e. Prepaid Rent 50,000

Rent Expense 50,000

f. Depreciation Expense - Van 4,000

Accumulated Depreciation - Van 4,000

g. Depreciation Expense – Furniture and Fixtures 1,667

Accumulated Depreciation – Furniture and Fixtures 1,667

120,667 120667
 ADJUSTED TRIAL BALANCE
ACCOUNTS DR CR
Cash 403,000
Account Receivables 10,000
Merchandising Inventory 50,000
Prepaid Rent 50,000
Prepaid Insurance 11,000
Office Supplies 1,000
Van 300,000
Accumulated Depreciation - Van 4,000
Furniture and Fixtures 100,000
Accumulated Depreciation - Furniture and Fixtures 1667
Accounts Payable -
Utilities Payable -
Salaries Payable 2,000
Zabala, Capital 1,500,000
Zabala, Drawings 20,000
Income Summary 50,000
Sales 380,000
Sales Discount 2,000
Purchases 950,000
Purchase Discount 10,000
Gas and Oil Discount 4,000
Insurance Expense 1,000
Rent Expense 10,000
Salaries Expense 24,000
Office Supplies Expense 2,000
Utilities Expense 4,000
Depreciation Expense - Van 4,000
Depreciation Expense - Furniture and Fixtures 1,667
TOTAL 1,947,667 1,947,667