d. From the financial transactions in c, prepare the pro-forma templates for the following: i. Journal entries

ii. Ledger accounts iii. Trial balance

Task II - D. From the financial transactions in c, prepare the pro- forma templates for the following: i. Journal entries Date Details / Descriptions L/F Debit Credit July, 1 Cash at bank Acct. Or A/CA 100,000 To Capital Acct. 100,000 Sony started business with a bank deposit July, 4 Cash Acct. 22,500 To Service revenue Acct. 22,500 Received wedding jewellery hire charges for cash July, 5 Account receivable Acct. 20,000 To Service revenue Acct. 20,000 Provided wedding gowns for rent customer on credit July, 6 Rent acct. 1,500 To Cash Acct. 1,500 Paid shop rent July, 7 Purchase Acct. 7,500 To Cash Acct. 7,500 Purchased wedding gowns for cash July, 14 Office supplies Acct. 3,000 To Account payable Acct. 3,000 Purchased office supplies on credit July, 15 Cash Acct. 20,000 To Account receivable acct. 20,000 Collected cash from customers for wedding gowns rent on 5th July July, 25 Account payable Acct. 3,000 To Cash Acct. 3,000 Paid creditors for office supplies on 14 July ii. Ledger accounts - You have to record TWO places. - You have to record opposite transaction Cash Acct. Date Details Debit Date Details Credit July, 4 To Service revenue 22,500 July, 6 Rent acct. 1,500 Acct. July, 15 To Account 20,000 July, 7 Purchase Acct. 7,500 receivable acct. July, 25 Account payable 3,000 Acct. Balance C/D 30,500 Total 42,500 Total 42,500 Balance D/B 30,500 42,500 - 12,000 = 30,500 Date Details July, 1 To Capital Acct. Cash at bank Acct. Debit Date Details 100,000 Balance C/D 100,000 Total 100,000 Credit 0 100,000 100,000 Total Balance D/B Credit 20,000 Account receivable Acct. Date Details Debit Date Details July, 5 To Service revenue 20,000 July, 15 Cash Acct. Acct. Balance C/D Total 20,000 Total Balance D/B 0 20,000 0 Credit Office supplies Acct. Date Details Debit Date Details July, 14 To Account payable 3,000 Acct. Balance C/D Total 3,000 Total Balance D/B 3,000 3,000 3,000 Date Details July, 25 To Cash Acct. Account Payable Acct. Debit Date Details 3,000 July, 14 Office supplies Acct. Credit 3,000 Balance D/B Total 3,000 3,000 Total Balance C/D Date Details Capital Acct. Debit Date July, 1 100,000 100,000 Details Cash at bank Acct. Credit 100,000 Balance D/B Total Total Balance C/D 100,000 100,000 Date Details Service revenue Acct. Debit Date Details July, 4 Cash Acct. July, 5 Account receivable Acct. 42,500 42,500 Total Balance C/D Credit 22,500 20,000 Balance D/B Total 42,500 42,500 Credit Date Details July, 7 To Cash Acct. Purchase Acct. Debit Date Details 7,500 Balance C/D 7,500 Total 7,500 7,500 7,500 Total Balance D/B Rent Acct. Debit Date 1,500 Details Date Details July, 6 To Cash Acct. Credit Balance C/D Total 1,500 1,500 Total Balance D/B 1,500 1,500 iii. Trial balance L/F Credit Debit 30,500 100,000 0 3,000 Detail or Descriptions Cash Cash at bank Account receivable Office supplies Account Payable Capital Service revenue Purchase Rent Total 100,000 42,500 7,500 1,500 142,500 142,500 Task II - D. From the financial transactions in c, prepare the pro- forma templates for the following: i. Journal entries Date Details / Descriptions L/F Debit Credit July, 1 Cash at bank Acct. Or A/CA 100,000 To Capital Acct. 100,000 Sony started business with a bank deposit July, 4 Cash Acct. 22,500 To Service revenue Acct. 22,500 Received wedding jewellery hire charges for cash July, 5 Account receivable Acct. 20,000 To Service revenue Acct. 20,000 Provided wedding gowns for rent customer on credit July, 6 Rent acct. 1,500 To Cash Acct. 1,500 Paid shop rent July, 7 Purchase Acct. 7,500 To Cash Acct. 7,500 Purchased wedding gowns for cash July, 14 Office supplies Acct. 3,000 To Account payable Acct. 3,000 Purchased office supplies on credit July, 15 Cash Acct. 20,000 To Account receivable acct. 20,000 Collected cash from customers for wedding gowns rent on 5th July July, 25 Account payable Acct. 3,000 To Cash Acct. 3,000 Paid creditors for office supplies on 14 July ii. Ledger accounts - You have to record TWO places. - You have to record opposite transaction Cash Acct. Date Details Debit Date Details Credit July, 4 To Service revenue 22,500 July, 6 Rent acct. 1,500 Acct. July, 15 To Account 20,000 July, 7 Purchase Acct. 7,500 receivable acct. July, 25 Account payable 3,000 Acct. Balance C/D 30,500 Total 42,500 Total 42,500 Balance D/B 30,500 42,500 - 12,000 = 30,500 Date Details July, 1 To Capital Acct. Cash at bank Acct. Debit Date Details 100,000 Balance C/D 100,000 Total 100,000 Credit 0 100,000 100,000 Total Balance D/B Credit 20,000 Account receivable Acct. Date Details Debit Date Details July, 5 To Service revenue 20,000 July, 15 Cash Acct. Acct. Balance C/D Total 20,000 Total Balance D/B 0 20,000 0 Credit Office supplies Acct. Date Details Debit Date Details July, 14 To Account payable 3,000 Acct. Balance C/D Total 3,000 Total Balance D/B 3,000 3,000 3,000 Date Details July, 25 To Cash Acct. Account Payable Acct. Debit Date Details 3,000 July, 14 Office supplies Acct. Credit 3,000 Balance D/B Total 3,000 3,000 Total Balance C/D Date Details Capital Acct. Debit Date July, 1 100,000 100,000 Details Cash at bank Acct. Credit 100,000 Balance D/B Total Total Balance C/D 100,000 100,000 Date Details Service revenue Acct. Debit Date Details July, 4 Cash Acct. July, 5 Account receivable Acct. 42,500 42,500 Total Balance C/D Credit 22,500 20,000 Balance D/B Total 42,500 42,500 Credit Date Details July, 7 To Cash Acct. Purchase Acct. Debit Date Details 7,500 Balance C/D 7,500 Total 7,500 7,500 7,500 Total Balance D/B Rent Acct. Debit Date 1,500 Details Date Details July, 6 To Cash Acct. Credit Balance C/D Total 1,500 1,500 Total Balance D/B 1,500 1,500 iii. Trial balance L/F Credit Debit 30,500 100,000 0 3,000 Detail or Descriptions Cash Cash at bank Account receivable Office supplies Account Payable Capital Service revenue Purchase Rent Total 100,000 42,500 7,500 1,500 142,500 142,500