Question
Write 20 transactions for adjusting entries with statement (where i can understand) from only related to (5 prepaid expenses, 5 unearned revenue, 5 accrued revenue,
Write 20 transactions for adjusting entries with statement (where i can understand) from only related to (5 prepaid expenses, 5 unearned revenue, 5 accrued revenue, 5 accrued expenses) make 5 entries from each part (adjusting entries in Question 1) (also send me statement where you got transaction)
-Required: 20 Adjusting Entries, Adjusted Trial Balance, balance sheet and income statement
-Also make statement of adjusted entries of transaction (not copy from Chegg ) where is also sloved but this cannot make a statement
statement means which is i make in simple 20 transaction
Purchase A/c Dr. To Bank A/c (Being goods purchased) | 60000 | 60000 |
Note: make easy and simple Transaction please
Question # 1 20 transactions are as follows:-
Date | Particuars | Debit | Credit |
1 | Cash A/c Dr. To Capital A/c (Being Business started with initial capital) | 200000 | 200000 |
2 | Bank A/c Dr. To Cash A/c (Being Cash Deposited in Bank) | 175000 | 175000 |
3 | Furniture A/c Dr. To Bank A/c (Being office furniture purchased) | 25000 | 25000 |
4 | Bank A/c Dr. To Sales A/c (Being goods Sold and amount recieved) | 50000 | 50000 |
5 | Sam Traders A/c Dr. To Sales A/c (being goods sold on credit) | 30000 | 30000 |
6 | Purchase A/c Dr. To Bank A/c (Being goods purchased) | 60000 | 60000 |
7 | Purchase A/c Dr. To Tom Traders A/c (Being goods purchased on credit) | 20000 | 20000 |
8 | Salary A/c Dr. To Bank A/c (Being Salary paid to employees) | 10000 | 10000 |
9 | Office Expenses A/c Dr. To Bank (Being office expenses paid) | 5000 | 5000 |
10 | Office Rent A/c Dr. To Bank (Being Office rent paid) | 15000 | 15000 |
11 | Commision Paid A/c Dr. To Bank (Being Commision paid) | 3000 | 3000 |
12 | Bank A/c Dr. To Interest Received (Being int received from bank) | 1000 | 1000 |
13 | Cash A/c Dr. To Bank (being cash withdrawn) | 10000 | 10000 |
14 | Office Equipments A/c Dr. To Bank (Paid for Office equioments) | 35000 | 35000 |
15 | Bank A/c Dr. To Sam traders (Received from Sam) | 30000 | 30000 |
16 | Tom traders A/c Dr. To bank (Being paid to tom) | 20000 | 20000 |
17 | Vehicle A/c Dr. To Bank | 25000 | 25000 |
18 | Elecrticity Exp A/c Dr. To Bank | 2000 | 2000 |
19 | Stationery A/c Dr. To Bank | 3000 | 3000 |
20 | Travelling Expenses A/c Dr. To Bank | 4000 | 4000 |
Ledger Accounts
Bank A/c
Date | Particulars | Debit | Date | Particulars | Credit |
2 | To cash | 175000 | 3 | By Furniture | 25000 |
4 | To Sales | 50000 | 6 | By Purchase | 60000 |
12 | To Interest Recd. | 1000 | 8 | By Salary | 10000 |
15 | To Sam Traders | 30000 | 9 | By Office expense | 5000 |
10 | By office rent | 15000 | |||
11 | By Commision paid | 3000 | |||
13 | By Cash | 10000 | |||
14 | By Office Equipments | 35000 | |||
16 | By Tom traders | 20000 | |||
17 | By Vehicle | 25000 | |||
18 | By electricity | 2000 | |||
19 | By Stationery | 3000 | |||
20 | By travelling | 4000 | |||
By bal c/d | 39000 | ||||
Total | 256000 | Total | 256000 |
Hint:- Student can easily prepare other ledger account seeing this Bank Ledger above as there are very few transactions in the remaining ledger accounts.
Trial balance
Particulars | Debit | Credit |
Cash | 35000 | |
Capital | 200000 | |
Bank | 39000 | |
Furniture | 25000 | |
Sales | 80000 | |
Purchases | 80000 | |
Salary | 10000 | |
Office Expense | 5000 | |
Office Rent | 15000 | |
Commison | 3000 | |
Office Equipment | 35000 | |
Vehicle | 25000 | |
Electricity | 2000 | |
Stationery | 3000 | |
Travelling | 4000 | |
Interest Received | 1000 | |
Total | 281000 | 281000 |
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