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Question No 2: (10 + 10 - 20 Marks) You are required to post the following journal entries to the respective ledger account and to
Question No 2: (10 + 10 - 20 Marks) You are required to post the following journal entries to the respective ledger account and to prepare trial balance from the ledger accounts. Particulars Debit (RO) Credit (RO) 1 Aug Dr. Cash 400,000 Cr. Capital 400,000 Date 3 Aug Dr. Building Dr. Laundry Equipment Cr. Cash 100,000 20,000 120,000 6 Aug 20,000 Dr. Cash Cr. Laundry service revenue 20.000 8 Aug 8,000 Dr. Accounts receivable Cr. Laundry service revenue 8,000 15 Aug 450 Dr. Supplies Cr. Cash 450 23 Aug 3,000 Dr. Cash Cr. Accounts receivable 3,000 31 Aug Dr. Salaries expense Cr. Cash 2,400 2,400 31 Aug Dr. Prepaid insurance Cr. Cash 1,200 1.200 31 Aug 5,000 Dr. Cash Cr. Unearned revenue 5,000 31 Aug Dr. Dividends Cr. Cash 2,200 2,200
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