Prepare a ledger and post these transactions to determine the balance of each account.

GENERAL JOURNAL

Page 1

Date

Accounts

Debits

Credits

02-Jan-X5

Cash

1,000,000

Capital Stock

1,000,000

Bikash invested cash in exchange for stock

04-Jan-X5

Equipment

200,000

Loan Payable

200,000

Purchased equipment with proceeds of loan

06-Jan-X5

Accounts Receivable

300,000

Revenues

300,000

Provided services to customers on account

07-Jan-X5

Supplies Expense

10,000

Accounts Payable

10,000

Purchased (on account) and used supplies

11-Jan-X5

Accounts Payable

10,000

Cash

10,000

Paid for purchase of Jan. 7

15-Jan-X5

Wage Expense

100,000

Cash

100,000

Paid employee

GENERAL JOURNAL

Page 2

Date

Accounts

Debits

Credits

17-Jan-X5

Cash

150,000

Accounts Receivable

150,000

Collected partial payment on receivables

18-Jan-X5

Cash

180,000

Revenues

180,000

Provided services to customers for cash

20-Jan-X5

Supplies Expense

20,000

Accounts Payable

20,000

Purchased (on account) and used supplies

31-Jan-X5

Wage Expense

100,000

Cash

100,000

Paid employee

31-Jan-X5

Loan Payable

200,000

Interest Expense

2,000

Cash

202,000

Paid off the loan with interest

Worksheet to post answers below:

CASH
Date	Description	Debit	Credit	Balance
01-Jan-X5	Balance forward	-	-	-
02-Jan-X5	Journal Page 1	1,000,000	-	1,000,000

		-	-	-