Question:

The following entries can be found from Elite Advisory Pty Ltd as at July 2019:

Required:

1) Please prepare the chart of accounts for the business.

2) Post the transactions to T accounts.

3) Prepare a trial balance of the general ledger of Elite Advisory Pty Ltd at 31 July 2019.

Credit Debit 3000 3000 General Journal Date | Particulars 01/07/2019 Cash at bank Capital invested by the owner 9/07/2019 Cash at bank Revenue from consultation services 16/07/2019 Office equipment Cash at bank Account payable 1500 1500 5000 2500 2500 22/07/2019 1000 1000 Account receivable-advisory service Revenue from services Cash at bank Account receivable-advisory service 31/07/2019 800 800