Question
Q1: Date Particulars Debit Credit 10.5.2020 Cash A/c Dr. Machinery A/c Dr. Capital A/c 65000 25000 90000 17.5.2020 Purchases A/c Dr. Cash A/c Payables A/c
Q1:
| Date | Particulars | Debit | Credit |
| 10.5.2020 | Cash A/c Dr. Machinery A/c Dr. Capital A/c | 65000 25000 |
90000 |
| 17.5.2020 | Purchases A/c Dr. Cash A/c Payables A/c | 15000 |
8000 7000 |
| 22.5.2020 | Receivables A/c Dr. Cash A/c Dr. Sales A/c | 18000 12000 |
30000 |
| 28.5.2020 | Interest Expenses A/c Dr. Cash A/c | 4000 |
4000 |
| 29.5.2020 | Cash A/c Dr. Receivables A/c Cr | 14000 |
14000 |
| 30.5.2020 | Payables A/c Dr. Cash A/c | 4500 |
4500 |
Required:
- Post the Journal Entries into the Ledger Account
- Prepare a Trial Balance
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Management
Authors: Schermerhorn, John, Davidson, Paul, Factor, Aharon, Woods, Peter, Simon, Alan, McBarron, Ellen
6th Asia Pacific Edition
9780730329534
