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Ledger Entry and Trial Balance Date Description Debit ($) Credit ($) Jan 5 Purchased inventory 2,000 Jan 10 Paid for office supplies 500 Jan 15
Ledger Entry and Trial Balance
Date | Description | Debit ($) | Credit ($) |
Jan 5 | Purchased inventory | 2,000 | |
Jan 10 | Paid for office supplies | 500 | |
Jan 15 | Sold goods on credit | 3,000 | |
Jan 20 | Paid amount owed for inventory | 1,000 | |
Jan 25 | Received from customers | 2,000 |
Tasks:
- Prepare the journal entries.
- Post entries to ledger accounts.
- Prepare a trial balance.
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