Q. Using the unadjusted trial balance of September and transactions made in the following month (October), create the following General Journals with adjusting Entries, Special Journals, General Ledgers, Subsidiary Ledgers, Accounts Receivable, Accounts Payable, Unadjusted Trial Balance, Adjusted Trial Balance, The Financial Statements (Income Statement, Statement of Owners Equity, Balance Sheet and finally the Post Closing Trial Balance.

4 9 Transaction Date Description 0 Oct 1 Owner gave 55000 cash to Care Pharmacy 1 1 Purchase Inventory from Lays for cash 23000 2 1 Purchased merchandising inventory from bilul medioes for 20000 paid in cash 3 sold merchandising inventory for 23000 cost of merchandise gold 11000 1 Sold goods for cash, 10000. Cost of merchandise sold 5000 5 2 Bought office equipment and paid in cash 800 6 2 paid 36000 rent in cash, including 1000 cash for next monthstent 7 2 purchased supplies worth 1420 on account from bilal sons 8 2 sold merchandise worth 1400 on account to mamoood sons cost of merchandise 950 2 sold merchandise for 15000 cash and cont of merchandise sold 11000 10 2 Purchased inventory on account from Boild deodorants for 30000 11 3 paid miscellaneous expense 80S in cash 12 3 paid advertising expense 1940 in cash 13 3 sold merchandise for 10000 cash and cost of merchandise sold 6500 14 3 purchased merchandise inventory worth 5000 from bilal medicos and paid in cash 15 4 sold merchandise for 8800 cash and cost of merchandise sold as 5500 16 4 Purchased inventory from Nestle Juice for cash, 18000 17 4 Sold goods for cash, 7000. Cost of merchandise sold, 2000 18 4 Sold goods for cash. 3500. Cost of merchandise od 1500 19 4 Purchased office equipment, 13000 20 $ purchased merchandise inventory worth 15000 and paid in case 21 5 paid salary for last few days 875 in cash 22 6 sold merchandise for 11750 on account cost of merchandise old was 9000 23 6 sold merchandise for 18300 cash and cost of merchandise sold was 11000 24 6 1500 goods returned cost of good returned 900 24 7 Owner withdrew 5000 cash 26 7 Sold goods for cash. 11000. Cost of merchandise sold, 4000 27 7 Purchased inventory from Nestle Aquafina for cash, 10000 28 7 Paid Bold Deodorants for the purchases 30000 made on May 2 29 7 Paid for services expense, 600, 30 8 purchased merchandise inventory for 8000 31 # Sold goods for cash, 12000. Cost of merchandise sold, 4000 32 Sold goods for cash, 25000. Cost of merchandise sold, 12000 9 sold merchandise for 12000 cost of merchandise sold 7900 Purchased inventory from Chili Mills for cash, 3000 35 9 Paid for miscellaneous expense,1500 36 9 Sold goods for cash, 15000. Cost of merchandise sold. 6000 10 Sold goods for cash, 12000. Cost of merchandise sold, 6000 38 "10 sold merchandise for 8500. cost of merchandise sold 6500 39 11 sold merchandise on account 6500 cost of merchandise sold 4800 40 11 paid donation expense 250 41 11 Purchased office equipment, 5000 42 11 Paid for services expense, 1000 43 11 Sold goods for cash, 11000. Cost of merchandise sold, 5000 44 12 sold merchandise for 17000 cost of merchandise seld 12000 45 12 purchased merchandise worth 12000 on account from Sarwar brothers 46 12 Purchased inventory from Sensodyne for cash 10000 47 12 Purchased inventory from Dettol for cash 5000 48 12 Sold goods for cash, 15000. Cost of merchandise sold, 6000 12 Sold goods to Ali Rchan 106 A on account, 11000. Cost of merchandise sold, 7700 50 14 SOLD merchandise on account to 16000 cost of merchandise sold 9600 ?? 39 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 # 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 14 SOLD merchandise on account to 16000 cost of merchandise sold 9600 15 paid salary for the week 1750 15 paid for the purchase on October 12" by Sarwar Brothers 16 pad salary for last day 500 16 sold merchandise for 22000 cost of merchandise sold was 17000 16 Sold goods for cash. 20000. Cost of merchandise sold, 8000 16 Purchased inventory from Nestle Water for cash. 20000. 17 purchased merchandise for 25000 and paid in cash 17 sold merchandise for 25000 cost of merchandise was 18000 17 Sold goods for cash 25000. Cost of merchandise sold, 15000 17 Sold goods for cash, 12000. Cost of merchandise sold, 7000 18 sold merchandise for 14000 cost of merchandise was 10200 19 paid salary for the day 750 in cash 19 purchased merchandise inventory for 12000 paid in cash 19 sold merchandise for 15625 today and cost was 10600 20 sold merchandise on account for 16000 to bilal medicos cost of merchandise was 9600 20 cash paid to fazal din for the purchase of 12000 20 purchased office supplies for 4500 paid in cash 20 Received Cash from Ali Rehan 106 A for sale of 11000, made on May 12 21 received cash from bilal medicos for goods sold carlier 21 owner withdrew 1500 cash 22 owner deposited 5500 in the name of Care pharmacy 22 sold merchandise 32000 cash cost of merchandise sold was 27550 22 purchased merchandise worth 48000 cash 23 purchased supplies worth 2800 on cash 23 pand salaries for two days worth 1400 cash 24 paid salary of office cleaner and maid 1000 24 paid miscellaneous expense 150 in cash 25 owner withdrew 3000 in cash 25 sold merchandise for 22000 cost of merchandise sold was 16000 26 sold merchandise for 9000 cost of merchandise was 6450 26 purchased merchandise for 26000 in cash 27 sold merchandise for 18000 on account to ahmedsons 28 purchased merchandise worth 34000 on cash 28 paid delivery expense for home delivery service 450 28 sold merchandise for 34000 cost of merchandise sold was 27000 29 received 18000 in cash from the sale of 27th October from ahmed sons 29 incurred and paid delivery expense of 340 29 purchased merchandise for 5000 in cash 29 sold merchandise worth 26500 cost of merchandise was 17650 30 paid salary for few days 1500 30 Purchased merchandising inventory from bilal medicos for 45000 paid in cash 30 sold merchandising inventory for 7500 cost of merchandise sold 3700 30 Sold goods for cash, 15000. Cost of merchandise sold, 600 30 Sold goods for cash, 12000. Cost of merchandise sold, 6000. 30 adjusting entry, rent expired rs 1000 from prepaid rent 30 adjusting entry, depreciation of office equipment incurred 500 31 adjusting entry, supplies expense of 2250 was incurred 31 adjusting entries 31 closing entries 87 88 89 90 91 92 93 94 95 96 97 98 99 CARE Pharmacy Unadjusted Triat Balance 30 September 2020 Account Title Account Debit Credit No Balance Balance Cash 11 162450 Accounts Receivable 12 18000 Supplies 13 8000 Merchandise Inventory 14 120000 Prepaid Rent 17 1000 Office Equipment 18 8500 Accounts Payable 21 15000 Capital, Rirwan Ahmed 31 278000 Drawings. Rizwan 5000 Ahmed Sales 41 267450 Sales return and 42 1500 allowance Sales Discount 300 Cost of merchandise 51 201450 sold Sales salary expense 52 6750 Advertising expense 55 1.500 Rent expense 56 16000 Delivery Expense 52 1000 Miscellaneous lixpense 5 9000 Total Rs.560450 Rs.360450 2 Q. Using the unadjusted trial balance of September and transactions made in the following month (October), create the following General Journals with adjusting Entries, Special Journals, General Ledgers, Subsidiary Ledgers, Accounts Receivable, Accounts Payable, Unadjusted Trial Balance, Adjusted Trial Balance, The Financial Statements (Income Statement, Statement of Owners Equity, Balance Sheet and finally the Post Closing Trial Balance. 4 9 Transaction Date Description 0 Oct 1 Owner gave 55000 cash to Care Pharmacy 1 1 Purchase Inventory from Lays for cash 23000 2 1 Purchased merchandising inventory from bilul medioes for 20000 paid in cash 3 sold merchandising inventory for 23000 cost of merchandise gold 11000 1 Sold goods for cash, 10000. Cost of merchandise sold 5000 5 2 Bought office equipment and paid in cash 800 6 2 paid 36000 rent in cash, including 1000 cash for next monthstent 7 2 purchased supplies worth 1420 on account from bilal sons 8 2 sold merchandise worth 1400 on account to mamoood sons cost of merchandise 950 2 sold merchandise for 15000 cash and cont of merchandise sold 11000 10 2 Purchased inventory on account from Boild deodorants for 30000 11 3 paid miscellaneous expense 80S in cash 12 3 paid advertising expense 1940 in cash 13 3 sold merchandise for 10000 cash and cost of merchandise sold 6500 14 3 purchased merchandise inventory worth 5000 from bilal medicos and paid in cash 15 4 sold merchandise for 8800 cash and cost of merchandise sold as 5500 16 4 Purchased inventory from Nestle Juice for cash, 18000 17 4 Sold goods for cash, 7000. Cost of merchandise sold, 2000 18 4 Sold goods for cash. 3500. Cost of merchandise od 1500 19 4 Purchased office equipment, 13000 20 $ purchased merchandise inventory worth 15000 and paid in case 21 5 paid salary for last few days 875 in cash 22 6 sold merchandise for 11750 on account cost of merchandise old was 9000 23 6 sold merchandise for 18300 cash and cost of merchandise sold was 11000 24 6 1500 goods returned cost of good returned 900 24 7 Owner withdrew 5000 cash 26 7 Sold goods for cash. 11000. Cost of merchandise sold, 4000 27 7 Purchased inventory from Nestle Aquafina for cash, 10000 28 7 Paid Bold Deodorants for the purchases 30000 made on May 2 29 7 Paid for services expense, 600, 30 8 purchased merchandise inventory for 8000 31 # Sold goods for cash, 12000. Cost of merchandise sold, 4000 32 Sold goods for cash, 25000. Cost of merchandise sold, 12000 9 sold merchandise for 12000 cost of merchandise sold 7900 Purchased inventory from Chili Mills for cash, 3000 35 9 Paid for miscellaneous expense,1500 36 9 Sold goods for cash, 15000. Cost of merchandise sold. 6000 10 Sold goods for cash, 12000. Cost of merchandise sold, 6000 38 "10 sold merchandise for 8500. cost of merchandise sold 6500 39 11 sold merchandise on account 6500 cost of merchandise sold 4800 40 11 paid donation expense 250 41 11 Purchased office equipment, 5000 42 11 Paid for services expense, 1000 43 11 Sold goods for cash, 11000. Cost of merchandise sold, 5000 44 12 sold merchandise for 17000 cost of merchandise seld 12000 45 12 purchased merchandise worth 12000 on account from Sarwar brothers 46 12 Purchased inventory from Sensodyne for cash 10000 47 12 Purchased inventory from Dettol for cash 5000 48 12 Sold goods for cash, 15000. Cost of merchandise sold, 6000 12 Sold goods to Ali Rchan 106 A on account, 11000. Cost of merchandise sold, 7700 50 14 SOLD merchandise on account to 16000 cost of merchandise sold 9600 ?? 39 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 # 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 14 SOLD merchandise on account to 16000 cost of merchandise sold 9600 15 paid salary for the week 1750 15 paid for the purchase on October 12" by Sarwar Brothers 16 pad salary for last day 500 16 sold merchandise for 22000 cost of merchandise sold was 17000 16 Sold goods for cash. 20000. Cost of merchandise sold, 8000 16 Purchased inventory from Nestle Water for cash. 20000. 17 purchased merchandise for 25000 and paid in cash 17 sold merchandise for 25000 cost of merchandise was 18000 17 Sold goods for cash 25000. Cost of merchandise sold, 15000 17 Sold goods for cash, 12000. Cost of merchandise sold, 7000 18 sold merchandise for 14000 cost of merchandise was 10200 19 paid salary for the day 750 in cash 19 purchased merchandise inventory for 12000 paid in cash 19 sold merchandise for 15625 today and cost was 10600 20 sold merchandise on account for 16000 to bilal medicos cost of merchandise was 9600 20 cash paid to fazal din for the purchase of 12000 20 purchased office supplies for 4500 paid in cash 20 Received Cash from Ali Rehan 106 A for sale of 11000, made on May 12 21 received cash from bilal medicos for goods sold carlier 21 owner withdrew 1500 cash 22 owner deposited 5500 in the name of Care pharmacy 22 sold merchandise 32000 cash cost of merchandise sold was 27550 22 purchased merchandise worth 48000 cash 23 purchased supplies worth 2800 on cash 23 pand salaries for two days worth 1400 cash 24 paid salary of office cleaner and maid 1000 24 paid miscellaneous expense 150 in cash 25 owner withdrew 3000 in cash 25 sold merchandise for 22000 cost of merchandise sold was 16000 26 sold merchandise for 9000 cost of merchandise was 6450 26 purchased merchandise for 26000 in cash 27 sold merchandise for 18000 on account to ahmedsons 28 purchased merchandise worth 34000 on cash 28 paid delivery expense for home delivery service 450 28 sold merchandise for 34000 cost of merchandise sold was 27000 29 received 18000 in cash from the sale of 27th October from ahmed sons 29 incurred and paid delivery expense of 340 29 purchased merchandise for 5000 in cash 29 sold merchandise worth 26500 cost of merchandise was 17650 30 paid salary for few days 1500 30 Purchased merchandising inventory from bilal medicos for 45000 paid in cash 30 sold merchandising inventory for 7500 cost of merchandise sold 3700 30 Sold goods for cash, 15000. Cost of merchandise sold, 600 30 Sold goods for cash, 12000. Cost of merchandise sold, 6000. 30 adjusting entry, rent expired rs 1000 from prepaid rent 30 adjusting entry, depreciation of office equipment incurred 500 31 adjusting entry, supplies expense of 2250 was incurred 31 adjusting entries 31 closing entries 87 88 89 90 91 92 93 94 95 96 97 98 99 CARE Pharmacy Unadjusted Triat Balance 30 September 2020 Account Title Account Debit Credit No Balance Balance Cash 11 162450 Accounts Receivable 12 18000 Supplies 13 8000 Merchandise Inventory 14 120000 Prepaid Rent 17 1000 Office Equipment 18 8500 Accounts Payable 21 15000 Capital, Rirwan Ahmed 31 278000 Drawings. Rizwan 5000 Ahmed Sales 41 267450 Sales return and 42 1500 allowance Sales Discount 300 Cost of merchandise 51 201450 sold Sales salary expense 52 6750 Advertising expense 55 1.500 Rent expense 56 16000 Delivery Expense 52 1000 Miscellaneous lixpense 5 9000 Total Rs.560450 Rs.360450 2 Q. Using the unadjusted trial balance of September and transactions made in the following month (October), create the following General Journals with adjusting Entries, Special Journals, General Ledgers, Subsidiary Ledgers, Accounts Receivable, Accounts Payable, Unadjusted Trial Balance, Adjusted Trial Balance, The Financial Statements (Income Statement, Statement of Owners Equity, Balance Sheet and finally the Post Closing Trial Balance