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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:

  1. Prepare the journal entries.
  2. Post entries to ledger accounts.
  3. Prepare a trial balance.


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