Question 5

Journal
Date Description Debit Credit
20X7
1-Nov Bank 15000
Capital 15000

3-Nov Purchases 2630

A/c Payable - J Small 290
A/c Payable - F Brown 1200
A/c Payable - T Rae 610
A/c Payable - R Charles 530

5-Nov Cash 610

Sales 610

6-Nov Rent 175

Bank 175

7-Nov Business Rates 130

Bank 130

11-Nov A/c receivable - T Potts 85

A/c receivable - J Field 48
A/c receivable - T Gray 1640
Sales 1773

17-Nov Wages 290

Cash 290

18-Nov A/c Payable - J Small 18

A/c Payable - R Charles 27
Returned outwards 45

19-Nov Purchases 430

A/c payable - R Charles 110
A/c Payable - T Rae 320
A/c Payable - F Jack 165
20-Nov Returned inwards 20
A/c receivable - J Field 6
A/c receivable - T Potts 14

21-Nov Van 4950

 Other A/c payable - Turnkey Motors 4950

23-Nov A/c Payable - J Small 272

A/c Payable - F Brown 1200
A/c Payable - T Rae 500
Bank 1972

25-Nov Van 6200

Bank 6200

26-Nov Cash 750

Loan - B.Bennet 750

28-Nov Bank 113

A/c receivable - T Potts 71
A/c receivable - J Field 42

30-Nov Bank 900

Capital 900
 Bank
1-Nov Capital 15000 6-Nov Rent
28-Nov A/c receivable - T Potts 71 7-Nov Business Rates
A/c receivable - J Field 42 23-Nov A/c Payable - J Small
30-Nov Capital 900 A/c Payable - F Brown
A/c Payable - T Rae
25-Nov Van
30-Nov Balance c/d
16013
1-Dec Balance b/d 7536

Capital
30-Nov Balance c/d 15900 1-Nov Bank
30-Nov Bank
15900
1-Dec Balance b/d

Purchases
3-Nov A/c Payable - J Small 290 30-Nov Income statement
A/c Payable - F Brown 1200
A/c Payable - T Rae 610
A/c Payable - R Charles 530
19-Nov A/c payable - R Charles 110
A/c Payable - T Rae 320
A/c Payable - F Jack 165
3225

A/c Payable - J Small

18-Nov Returned outwards 18 3-Nov Purchases
23-Nov Bank 272
290
 A/c Payable - F Brown
23-Nov Bank 1200 3-Nov Purchases
1200

A/c Payable - T Rae

23-Nov Bank 500 3-Nov Purchases
30-Nov Balance c/d 430 19-Nov Purchases
930
1-Dec Balance b/d

A/c Payable - R Charles

18-Nov Returned outwards 27 3-Nov Purchases
30-Nov Balance c/d 613 19-Nov Purchases
640
1-Dec Balance b/d

Cash
5-Nov Sales 610 17-Nov Wages
26-Nov Loan - B.Bennet 750 30-Nov Balance c/d
1360
1-Dec Balance b/d 1070
 Sales
30-Nov Income statement 2383 5-Nov Cash
11-Nov A/c receivable - T Potts
A/c receivable - J Field
A/c receivable - T Gray
2383

Rent
6-Nov Bank 175 30-Nov Income statement
175

Business Rates
7-Nov Bank 130 30-Nov Income statement
130

A/c receivable - T Potts

11-Nov Sales 85 20-Nov Returned inwards
28-Nov Bank
85

A/c receivable - J Field

11-Nov Sales 48 20-Nov Returned inwards
28-Nov A/c receivable - J Field
48

A/c receivable - T Gray

11-Nov Sales 1640 30-Nov Balance c/d
1640
1-Dec Balance b/d 1640

Wages
17-Nov Cash 290 30-Nov Income statement
290

Returned outwards
30-Nov Income statement 45 18-Nov A/c Payable - J Small
A/c Payable - R Charles
45

A/c Payable - F Jack

30-Nov Balance c/d 165 19-Nov Purchases
165
1-Dec Balance b/d
 Returned inwards
20-Nov A/c receivable - J Field 6 30-Nov Income statement
A/c receivable - T Potts 14
20

Van
21-Nov Other A/c payable - Turnke 4950 30-Nov Balance c/d
25-Nov Bank 6200
11150
1-Dec Balance b/d 11150

Other A/c payable - Turnkey Motors

30-Nov Balance c/d 4950 21-Nov Van
4950
1-Dec Balance b/d

Loan - B.Bennet
30-Nov Balance c/d 750 26-Nov Cash
750
1-Dec Balance b/d
 175
130
272
1200
500
6200
7536
16013

15000
900
15900
15900

3225

3225

290

290
1200
1200

610
320
930
430

530
110
640
613

290
1070
1360
 610
85
48
1640
2383

175
175

130
130

14
71
85
 6
42
48

1640
1640

290
290

18
27
45

165
165
165
 20

20

11150

11150

4950
4950
4950

750
750
750
 Trial balance at the end of 30th Nov
Debit

Bank 7,536.00
Capital
Purchases 3,225.00
A/c Payable - T Rae
A/c Payable - R Charles
Cash 1,070.00
Sales
Rent 175.00
Business Rates 130.00
A/c receivable - T Gray 1,640.00
Wages 290.00
Returned outwards
A/c Payable - F Jack
Returned inwards 20.00
Van 11,150.00
Other A/c payable - Turnkey Motors
Loan - B.Bennet
25,236.00
Credit

15,900.00

430.00
613.00

2,383.00

45.00
165.00

4,950.00
750.00
25,236.00
Question 6
Journal
Date Description Debit Credit
20X8
1-Jan Cash 10500
Capital 10500

2-Jan Bank 9000

Cash 9000

3-Jan Purchases 550

Cash 550

4-Jan Purchases 2400

A/c payable - T Dry 800
A/c payable - F Hood 930
A/c payable - M Smith 160
A/c payable - G Low 510
2400 2400

5-Jan Stationary 89
Other A/c payable - Buttons Ltd 89

6-Jan A/c receivable - R Tong 170

A/c receivable - L Fish 240
A/c receivable - M Singh 326
A/c receivable - A Tom 204
Sales 940
940 940

8-Jan Rent 220

Bank 220

10-Jan Fixtures 610

Other A/c payable - Chiefs Ltd 610

11-Jan Salaries 790

Cash 790

14-Jan A/c payable - F Hood 30

A/c payable - M Smith 42
Returned outwards 72
72 72
15-Jan Van 6500
Bank 6500

16-Jan Bank 2000

Loan - B Barclay 2000

18-Jan Returned inwards 25

A/c receivable - R Tong 5
A/c receivable - M Singh 20
25 25

21-Jan Cash 145

Sales 145

24-Jan A/c receivable - L Fish 130

A/c receivable - A Tom 410
A/c receivable - R Pleat 158
Sales 698
698 698

26-Jan A/c payable - F Hood 900

A/c payable - M Smith 118
Bank 1018
1018 1018

29-Jan Bank 528

A/c receivable - R Pleat 158
A/c receivable - L Fish 370
528 528

30-Jan Cash 500

Loan - B Barclay 500

30-Jan Cash 614

A/c receivable - A Tom 614
 Cash
1-Jan Capital 10500 2-Jan Bank
21-Jan Sales 145 3-Jan Purchases
30-Jan Loan - B Barclay 500 11-Jan Salaries
30-Jan A/c receivable - A Tom 614 31-Jan Balance c/d
11759
1-Feb Balance b/d 1419

Capital
31-Jan Balance c/d 10500 1-Jan Cash
10500
1-Feb Balance b/d

Bank
2-Jan Cash 9000 8-Jan Rent
16-Jan Loan - B Barclay 2000 11-Jan Van
29-Jan A/c receivable - R Pleat 158 26-Jan A/c payable - F Hood
A/c receivable - L Fish 370 A/c payable - M Smith
31-Jan Balance c/d
11528
1-Feb Balance b/d 3790

Purchases
3-Jan Cash 550 31-Jan Income statement
4-Jan A/c payable - T Dry 800
A/c payable - F Hood 930
 A/c payable - M Smith 160
A/c payable - G Low 510
2950

A/c payable - T Dry

31-Jan Balance c/d 800 4-Jan Purchases
800
1-Feb Balance b/d

A/c payable - F Hood

14-Jan Returned outwards 30 4-Jan Purchases
26-Jan Bank 900
930

A/c payable - M Smith

14-Jan Returned outwards 42 4-Jan Purchases
26-Jan Bank 118
160

A/c payable - G Low

31-Jan Balance c/d 510 4-Jan Purchases
510
1-Feb Balance b/d

Stationary
 5-Jan Other A/c payable - Buttons Ltd 89 31-Jan Income statement
89

Other A/c payable - Buttons Ltd

31-Jan Balance c/d 89 5-Jan Stationary
89
1-Feb Balance b/d

A/c receivable - R Tong

6-Jan Sales 170 18-Jan Returned inwards
31-Jan Balance c/d
170
1-Feb Balance b/d 165

A/c receivable - L Fish

6-Jan Sales 240 29-Jan Bank
24-Jan Sales 130
370

A/c receivable - M Singh

6-Jan Sales 326 18-Jan Returned inwards
31-Jan Balance c/d
326
1-Feb Balance b/d 306
 A/c receivable - A Tom
6-Jan Sales 204 30-Jan Cash
24-Jan Sales 410
614

31-Jan Income statement
Sales
1783 6-Jan A/c receivable - R Tong
A/c receivable - L Fish
A/c receivable - M Singh
A/c receivable - A Tom
21-Jan Cash
24-Jan A/c receivable - L Fish
A/c receivable - A Tom
A/c receivable - R Pleat
1783

Rent
8-Jan Bank 220 31-Jan Income statement
220

Fixtures
10-Jan Other A/c payable - Chiefs Ltd 610 31-Jan Balance c/d
610
1-Feb Balance b/d 610
 Other A/c payable - Chiefs Ltd
31-Jan Balance c/d 610 10-Jan Fixtures
610
1-Feb Balance b/d

Salaries
11-Jan Cash 790 31-Jan Income statement
790

Returned outwards
31-Jan Balance c/d 72 14-Jan A/c payable - F Hood
A/c payable - M Smith
72
1-Feb Balance b/d

Van
15-Jan Bank 6500 31-Jan Balance c/d
6500
1-Feb Balance b/d 6500
 Loan - B Barclay
31-Jan Balance c/d 2500 16-Jan Bank
30-Jan Cash
2500
1-Feb Balance b/d

Returned inwards
18-Jan A/c receivable - R Tong 5 31-Jan Income statement
A/c receivable - M Singh 20
25

A/c receivable - R Pleat

24-Jan Sales 158 29-Jan Bank
158
 9000
550
790
1419
11759

10500
10500
10500

220
6500
900
118
3790
11528

2950
2950

800
800
800

930

930

160

160

510
510
510
 89
89

89
89
89

5
165
170

370

370

20
306
326
 614

614

170
240
326
204
145
130
410
158
1783

220
220

610
610
 610
610
610

790
790

30
42
72
72

6500
6500
2000
500
2500
2500

25

25

158
158
 Trial balance at the end of 31ST Jan
Debit Credit
Cash 1,419.00
Capital 10,500.00
Bank 3,790.00
Purchases 2,950.00
A/c payable - T Dry 800.00
A/c payable - G Low 510.00
Stationary 89.00
Other A/c payable - Buttons Ltd 89.00
A/c receivable - R Tong 165.00
A/c receivable - M Singh 306.00
Sales 1,783.00
Rent 220.00
Fixtures 610.00
Other A/c payable - Chiefs Ltd 610.00
Salaries 790.00
Returned outwards 72.00
Van 6,500.00
Loan - B Barclay 2,500.00
Returned inwards 25.00

16,864.00 16,864.00