Accounts Assignment 2-1

16.
Journal Ledger
Date Particulars L.F. Debit Amount Credit Amount
Septembe
r
Utilities expenses a/c $ 300
nd
2
Cash $ 300
Equipment a/c $ 2,000

th
5
Creditors $ 2,000
Debtors a/c $ 1,800

th
10
Service rendered $ 1,800
Cash a/c $ 10,000

th
12
Note payable $ 10,000
Cash a/c $ 36,000

th
19
Land $ 36,000
Supplies a/c $ 600

st
21
Cash $ 600
Creditors a/c $ 2,000

th
27
Cash $ 2,000
$ 52,700 $ 52,700
17. Part 1
Date Particulars
August
1st The first transaction is related to the issue of stock worth $ 86,000 in exchange for cash.
2nd An asset by the name of supplies is purchased for $ 700 on credit.
4th Purchase of an asset (building) worth $ 58,000 for cash.

Date Particulars
August
6th Cash $ 2,700 received for service rendered to customer.
9th $ 100 paid to creditors.
17th Service worth $ 2,100 rendered to customers to be received later as it was done on credit.
23rd Received $ 1,300 from debtors (accounts receivable).
31st Expenses (salary $ 1,200,rent $ 500) worth $ 1,700 paid.
Part 2
Cash account
Particulars Amount Particulars Amount
Common Stock $ 86,000 Building $ 58,000
Services rendered $ 2,700 Accounts payable $ 100
Debtors $ 1,300 Salary $ 1,200
Rent $ 500
Balance $ 30,200
$ 90,000 $ 90,000
Supplies account
Creditors $ 700 Balance $ 700
$ 700 $ 700
Accounts Receivables
Service rendered $ 2,100 Cash $ 1,300
Balance $ 800
$ 2,100 $ 2,100
Common Stock
Balance $ 86,000 Cash $ 86,000
$ 86,000 $ 86,000
Accounts Payables
Cash $ 100 Supplies $ 700
Balance $ 600
$ 700 $ 700
Service Revenue
Balance $ 4,800 Cash $ 2,700
Debtors $ 2,100
$ 4,800 $ 4,800
Rent Expense
Cash $ 500 Balance $ 500
$ 500 $ 500
Salary Expense
Cash $ 1,200 Balance $ 1,200
$ 1,200 $ 1,200
Buildings
Cash $ 50,800 Balance $ 50,800
$ 50,800 $ 50,800
Part 3
Journal Ledger
Augus
t
Cash a/c $ 86,000
st
1
Common Stock $ 86,000
Supplies a/c $ 700

nd
2
Accounts payable (Creditors) $ 700
Building a/c $ 58,000

th
4
Cash $ 58,000
Cash a/c $ 2,700

th
6
Services rendered $ 2,700
Accounts payable ( Creditors ) a/c $ 100

th
9
Cash $ 100
Debtors (Account receivables) a/c $ 2,100

th
17
Cash a/c $ 1,300

rd
23
Debtors (Account receivables) $ 1,300
Salary a/c $ 1,200

st
31
Rent a/c $ 500
Cash $ 1,700
$1,52,600 $ 1,52,600
TRIAL BALANCE
Particulars Debit Amount Credit Amount
Cash $ 30,200
Supplies $ 700
Accounts Receivables $ 800
Accounts payable $ 600
Revenue $ 4,800
Rent expense $ 500
Salary expense $ 1,200
Building $ 58,000
$ 91,400 $ 91,400
22.
Part 1
Cash account
Common Stock $ 5,300 Dividends $ 6,800
Balance $ 4,900 Creditors $ 400
Salary $ 1,600
Rent $ 1,400
$ 10,200 $ 10,200
Debtors
Service rendered $ 5,800 Balance $ 5,800
$ 5,800 $ 5,800
Office Supplies
$ 700 $ 700
Office Furniture
Common Stock $ 16,500 Balance $ 16,500
$ 16,500 $ 16,500
Creditors
Cash $ 400 Office Supplies $ 700
Balance $ 300
$ 700 $ 700
Common Stock
Balance $ 21,800 Cash $ 5,300
Office Furniture $ 16,500
$ 86,000 $ 86,000
Dividends
Cash $ 6,800 Balance $ 6,800
$ 6,800 $ 6,800
Service Revenue
Balance $ 5,800 Debtors $ 5,800
$ 5,800 $ 5,800
Salary expense
Cash $ 1,600 Balance $ 1,600
$ 1,600 $ 1,600
Rent expense
Cash $ 1,400 Balance $ 1,400
$ 1,400 $ 1,400
Part 2
Journal Ledger
S.N Particulars L.F Debit Amount Credit Amount

o .
Office Furniture a/c $ 16,500
1
Cash a/c $ 5,300
Rent expense a/c $ 1,400

2
Cash $ 1,400
Office Supplies a/c $ 700

3
Creditors $ 700
Salary expense a/c $ 1,600

4
Cash $ 1,600
Creditors a/c $ 400

5
Cash $ 400
Debtors a/c $ 5,800

6
Service revenue $ 5,800
Dividends a/c $ 6,800

7
Cash $ 6,800
$ 38,500 $ 38,500
Part 3
TRIAL BALANCE
Cash $ 4,900
Supplies $ 700
Debtors $ 5,800
Creditors $ 300
Revenue $ 5,800
Rent expense $ 1,400
Office Furniture $ 16,500
Dividends $ 6,800
23.
Cash account
Common Stock $ 46,000 Building $ 42,000
Services rendered $ 5,800 Accounts payable $ 400
Debtors $ 1,300 Salary $ 2,400
Rent $ 1,000
Balance $ 7,300
$ 53,100 $ 53,100
Supplies account
$ 600 $ 600
Accounts Receivables
Service rendered $ 1,900 Cash $ 1,300
Balance $ 600
$ 1,900 $ 1,900
Common Stock
Balance $ 46,000 Cash $ 46,000
$ 46,000 $ 46,000
Accounts Payables
Balance $ 200
$ 600 $ 600
Service Revenue
Balance $ 7,700 Cash $ 5,800
Debtors $ 1,900
$ 7,700 $ 7,700
Rent Expense
Cash $ 1,000 Balance $ 1,000
$ 1,000 $ 1,000
Salary Expense
Cash $ 2,400 Balance $ 2,400
$ 2,400 $ 2,400
Buildings
Cash $ 42,000 Balance $ 42,000
$ 42,000 $ 42,000
Journal Ledger
January
1st Cash a/c $ 46,000
2nd Supplies a/c $ 600
Accounts payable (Creditors) $ 600
4th Building a/c $ 42,000
Cash $ 42,000
6th Cash a/c $ 5,800
Services rendered $ 5,800
9th Accounts payable ( Creditors ) a/c $ 400
Cash $ 400
17th Debtors (Account receivables) a/c $ 1,900
23rd Cash a/c $ 1,300
Debtors (Account receivables) $ 1,300
31st Salary a/c $ 2,400
Rent a/c $ 1000
Cash $ 3,400
$ 1,01,400 $ 1,01,400
TRIAL BALANCE
Cash $ 7,300
Supplies $ 600
Revenue $ 7,700
Building $ 42,000
$ 53,900 $ 53,900
Problems (Group A)
27.
Journal Ledger
November
1st Cash a/c $ 3,50,000
Common Stock $ 3,50,000
2nd Building a/c $ 3,20,000
Cash $ 3,20,000
5th Cash a/c $ 2,20,000
Note Payable $ 2,20,000
10th Supplies a/c $ 1,000
Accounts Payable (Creditors) $ 1,000
15th Accounts payable ( Creditors ) a/c $ 600
Cash $ 600
15th Property Tax expense a/c $1,400
Cash $1,400
16th Salary a/c $ 2,900
Rent a/c $ 1,300
Cash a/c $ 4,200
28th Dividend a/c $ 8,000
Cash $ 8,000
30th Cash (At Bank) a/c $ 20,000
Service Rendered $ 20,000
$ 9,25,200 $ 9,25,200
Cash account
Common Stock $ 3,50,000 Building $ 3,20,000
Note Payable $ 2,20,000 Accounts payable $ 600
Salary $ 2,900
Rent $ 1,300
Dividend $ 8,000
Balance $ 2,35,800
Property Tax expense $ 1,400
$ 5,70,000 $ 5,70,000
Supplies account
Creditors $ 1,000 Balance $ 1,000
$ 1,000 $ 1,000
Buildings
Cash $ 3,20,000 Balance $ 3,20,000
$ 3,20,000 $ 3,20,000
Accounts Payables
Cash $ 600 Supplies $ 1,000
Balance $ 400
$ 1,000 $ 1,000
Note Payable
Balance $ 2,20,000 Cash $ 2,20,000
$ 2,20,000 $ 2,20,000
Common Stock
Balance $ 3,50,000 Cash $ 3,50,000
$ 3,50,000 $ 3,50,000
Dividends
Cash $ 8,000 Balance $ 8,000
$ 8,000 $ 8,000
Service Revenue
Balance $ 20,000 Cash (At Bank) $ 20,000
$ 20,000 $ 20,000
Rent Expense
Cash $ 1,300 Balance $ 1,300
$ 1,300 $ 1,300
Salary Expense
Cash $ 2,900 Balance $ 2,900
$ 2,900 $ 2,900
Property Tax Expense
Cash $ 1,400 Balance $ 1,400
$ 1,400 $ 1,400
Cash (At Bank)
Service Revenue $ 20,000 Balance $ 20,000
$ 20,000 $ 20,000
28.
Journal Ledger
January
1st Cash a/c $ 74,000
5th Rent on Equipment a/c $ 600
Cash $ 600
9th Land a/c $ 24,000
Cash $ 24,000
10th Supplies a/c $ 1,500
19th Cash a/c $ 18,000
Note Payable $ 18,000
22nd Accounts Payable (Creditors) a/c $1,200
Cash $1,200
31st Cash a/c $ 6,400
Accounts Receivables (Debtors) a/c $ 4,300
Service Rendered $ 10,700
31st Dividend a/c $ 9,000
Cash $ 9,000
31st Salaries a/c $ 2,600
Rent a/c $ 1,700
Supplies a/c $ 350
Cash $ 4,650
$ 1,43,650 $ 1,43,650
Cash account
Common Stock $ 74,000 Land $ 24,000
Note Payable $ 18,000 Accounts payable $ 1,200
Service Rendered $ 6,400 Salary $ 2,600
Supplies $ 350
Rent on equipment $ 600
Dividend $ 9,000
Balance $ 58,950
Rent $ 1,700
$ 98,400 $ 98,400
Supplies account
Creditors $ 1,500 Balance $ 1,500
$ 1,500 $ 1,500
Land
Cash $ 24,000 Balance $ 24,000
$ 24,000 $ 24,000
Accounts Payables
Cash $ 1,200 Supplies $ 1,500
Balance $ 300
$ 1,500 $ 1,500
Note Payable
Balance $ 18,000 Cash $ 18,000
$ 18,000 $ 18,000
Common Stock
Balance $ 74,000 Cash $ 74,000
$ 74,000 $ 74,000
Dividends
Cash $ 9,000 Balance $ 9,000
$ 9,000 $ 9,000
Service Revenue
Balance $ 10,700 Cash $ 6,400
Debtors $ 4,300
$ 10,700 $ 10,700
Rent Expense
Cash $ 2,300 Balance $ 2,300
$ 2,300 $ 2,300
Salary Expense
Cash $ 2,600 Balance $ 2,600
$ 2,600 $ 2,600
Utilities
$ 350 $ 350
Account Receivables
Services rendered $ 4,300 Balance $ 4,300
$ 4,300 $ 4,300
TRIAL BALANCE
Cash $ 58,950
Supplies $ 1,500
Accounts Receivables $ 4,300
Revenue $ 10,700
Note Payable $ 18,000
Land $ 24,000
Dividend $ 9,000
Utilities Expenses $ 350
$ 1,03,000 $ 1,03,000
29.
Part 2
Journal Ledger
January
1st Cash a/c $ 35,000
4th Furniture a/c $ 2,200
Supplies $ 300
Accounts Payable (Creditors) $2,500
Services Rendered $ 2,000
7th Land a/c $ 23,000
Cash $ 23,000
10th Accounts Payable (Creditors) a/c $ 900
Services rendered $ 900
Cash $ 200
15th Salary expenses a/c $ 590
Cash $ 590
17th Cash a/c $ 700
Accounts Receivables (Debtors) $ 700
Cash $ 700
28th
Cash a/c $ 2,400
Services rendered $2,400

31st
Salary expenses a/c $ 590
Cash $ 590
31st
Rent expenses a/c $ 490
Cash $ 490
31st
Cash $ 2,300
$ 71,370 $ 71,370
Cash account
Accounts receivables $ 700 Accounts payable $ 900
Dividend $ 2,300
Rent $ 490
Balance $ 12,230
$ 40,100 $ 40,100
Supplies account
Accounts Payables $ 300 Balance $ 300
$ 300 $ 300
Land
Cash $ 23,000 Balance $ 23,000
$ 23,000 $ 23,000
Accounts Payables
Service $ 900 Furniture $ 2,200
Balance $ 700
$ 2,500 $ 2,500
Common Stock
Balance $ 35,000 Cash $ 35,000
$ 35,000 $ 35,000
Dividends
Cash $ 2,300 Balance $ 2,300
$ 2,300 $ 2,300
Service Revenue
Cash $ 4,400
Balance $ 5,300 Accounts Payable $ 900
$ 5,300 $ 5,300
Rent Expense
$ 490 $ 490
Salary Expense
Cash $ 1,180 Balance $ 1,180
$ 1,180 $ 1,180
Furniture
Accounts Payable $ 2,200 Balance $ 2,200
$ 2,200 $ 2,200
Account Receivables
Balance $ 700 Cash $ 700
$ 700 $ 700
TRIAL BALANCE
Cash $ 12,230
Supplies $ 300
Revenue $ 5,300
Rent expense $ 490
Land $ 23,000
Dividend $ 2,300
Furniture $ 2,200
$ 41,700 $ 41,700
30.
Part 2
Journal Ledger
December
2nd Cash a/c $ 42,000
3rd Furniture a/c $ 1,900
Supplies a/c $ 400
Accounts Payable (Creditors) $2,300

7th Land a/c $ 26,000
Cash $ 26,000
11th Accounts Receivable (Debtors) a/c $ 800
Services rendered $ 800
15th Salary expenses a/c $ 550
Cash $ 550
Cash $ 400
18th Cash a/c $ 2,300

19th
Cash a/c $ 700
Accounts Payable (Creditors) $700

29th
Cash a/c $ 600
Accounts Receivables (Debtors) $ 600

31st
Rent expenses a/c $ 910
Cash $ 910
31st
31st Cash $ 2,100
Salary expenses a/c $ 550
Cash $ 550
$ 81,110 $ 81,110
Cash account

Accounts receivables $ 600 Accounts payable $ 400
Accounts Payable (Creditors) $ 700 Dividend $ 2,100
Rent $ 910
Balance $ 16,990
$ 47,500 $ 47,500
Supplies account
Accounts Payables $ 400 Balance $ 400
$ 400 $ 400
Land
Cash $ 26,000 Balance $ 26,000
$ 26,000 $ 26,000
Accounts Payables
Balance $ 2,600 Furniture $ 1,900
Cash $ 700
$ 3,000 $ 3,000
Common Stock
Balance $ 42,000 Cash $ 42,000
$ 42,000 $ 42,000
Dividends
Cash $ 2,100 Balance $ 2,100
$ 2,100 $ 2,100
Service Revenue
Cash $ 4,200
Balance $ 5,000 Accounts Receivables $ 800
$ 5,000 $ 5,000
Rent Expense
$ 910 $ 910
Salary Expense
Cash $ 1,100 Balance $ 1,100
$ 1,100 $ 1,100
Furniture
Accounts Payable $ 1,900 Balance $ 1,900
$ 1,900 $ 1,900
Account Receivables
Services Rendered $ 800 Cash $ 600
Balance $ 200
$ 800 $ 800
TRIAL BALANCE
Cash $ 16,990
Supplies $ 400
Accounts payable $ 2,600
Revenue $ 5,000
Rent expense $ 910
Land $ 26,000
Dividend $ 2,100
Furniture $ 1,900
$ 49,600 $ 49,600
31.
Journal Ledger
December
(for Rs. 5000 taken as credit from a client.)
8th Accounts Receivables a/c $ 4,500
Service Rendered $4,500
(for Services performed for a client on account.)
13th Accounts Payable a/c $ 2,300
Business Debt $ 2,300
(for business debt paid on account.)
18th Office Supplies a/c $ 800
Accounts Payable $ 800
(for purchase of office supplies on account.)
20th Dividends a/c $ 1,900
Cash $ 1,900
(for dividends paid in cash.)
22nd Cash a/c $ 2,200
(for cash received for consultation provided to client.)
28th Rent expense a/c $ 400
Cash $ 400
(for office rent paid)
28th Salary expense a/c $ 1,200
Cash $ 1,200
(for salary paid to employee.) $ 18,300 $ 18,300

Cash account
Bal b/d $ 3,000 Rent $ 400
Accounts Payable (Creditors) $ 5,000 Dividend $ 1,900
Balance $ 6,700
$ 10,200 $ 10,200
Supplies account
Balance b/d $ 700
Accounts Payables $ 800 Balance $ 1,500
$ 1,500 $ 1,500
Accounts Payables
Balance b/d $ 4,200
Cash $ 5,000
Business debt $ 2,300 Supplies $ 800
Balance $ 7,700
$ 10,000 $ 10,000
Dividends
Cash $ 1,900 Balance $ 1,900
$ 1,900 $ 1,900
Service Revenue
Cash $ 2,200
Balance $ 6,700 Accounts Receivables $ 4,500
$ 6,700 $ 6,700
Rent Expense
$ 400 $ 400
Salary Expense
Cash $ 1,200 Balance $ 1,200
$ 1,200 $ 1,200
Account Receivables
Balance b/d $ 8,700
Services Rendered $ 4,500 Balance $ 13,200
$ 13,200 $ 13,200
Common Stock
Balance $ 24,200 Balance b/d $ 24,200
$ 24,200 $ 24,200
Land
Balance b/d $ 16,000 Balance $ 16,000
$ 16,000 $ 16,000
Business debt
Balance $ 2,300 Accounts Payable $ 2,300
$ 2,300 $ 2,300
TRIAL BALANCE
Cash $ 6,700
Land $ 16,000
Supplies $ 1,500
Accounts Receivables $ 13,200
Accounts payable $ 7,700
Revenue $ 6,700
Rent expense $ 400
Dividend $ 1,900
Business debts $ 2,300
$ 49,600 $ 49,600

Accounts Assignment 2-1

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16.

Date Particulars L.F. Debit Amount Credit Amount

Equipment a/c $ 2,000

Debtors a/c $ 1,800

Cash a/c $ 10,000

Cash a/c $ 36,000

Supplies a/c $ 600

Creditors a/c $ 2,000

2nd An asset by the name of supplies is purchased for $ 700 on credit.

4th Purchase of an asset (building) worth $ 58,000 for cash.

6th Cash $ 2,700 received for service rendered to customer.

9th $ 100 paid to creditors.

23rd Received $ 1,300 from debtors (accounts receivable).

31st Expenses (salary $ 1,200,rent $ 500) worth $ 1,700 paid.

Particulars Amount Particulars Amount

Common Stock $ 86,000 Building $ 58,000

Services rendered $ 2,700 Accounts payable $ 100

Debtors $ 1,300 Salary $ 1,200

Particulars Amount Particulars Amount

Creditors $ 700 Balance $ 700

Particulars Amount Particulars Amount

Service rendered $ 2,100 Cash $ 1,300

Particulars Amount Particulars Amount

Balance $ 86,000 Cash $ 86,000

Particulars Amount Particulars Amount

Cash $ 100 Supplies $ 700

Particulars Amount Particulars Amount

Balance $ 4,800 Cash $ 2,700

Particulars Amount Particulars Amount

Cash $ 500 Balance $ 500

Particulars Amount Particulars Amount

Cash $ 1,200 Balance $ 1,200

Particulars Amount Particulars Amount

Cash $ 50,800 Balance $ 50,800

Date Particulars L.F. Debit Amount Credit Amount

Supplies a/c $ 700

Building a/c $ 58,000

Cash a/c $ 2,700

Accounts payable ( Creditors ) a/c $ 100

Debtors (Account receivables) a/c $ 2,100

Cash a/c $ 1,300

Salary a/c $ 1,200

Particulars Debit Amount Credit Amount

Accounts Receivables $ 800

Common Stock $ 86,000

Accounts payable $ 600

Rent expense $ 500

Salary expense $ 1,200

Particulars Amount Particulars Amount

Common Stock $ 5,300 Dividends $ 6,800

Balance $ 4,900 Creditors $ 400

Particulars Amount Particulars Amount

Service rendered $ 5,800 Balance $ 5,800

Particulars Amount Particulars Amount

Creditors $ 700 Balance $ 700

Particulars Amount Particulars Amount

Common Stock $ 16,500 Balance $ 16,500

Particulars Amount Particulars Amount

Cash $ 400 Office Supplies $ 700

Particulars Amount Particulars Amount

Balance $ 21,800 Cash $ 5,300

Office Furniture $ 16,500

Particulars Amount Particulars Amount