You are to prepare a set of exemplar financial reports, which the trainee accountants can place in the file
and use for reference.

1.use appropriate books of original entry and double entry accounts to extract a trial balance from
the details contained in Appendix 1.

Appendix 1
Use appropriate books of original entry and double entry account to extract a Trial Balance from the
following details for the month of January:

 January 1 – Started business with £20 000 in the bank
 January 2 – Bought goods on credit from the following:
o K Smith £75
o M Zainab £22
o T Doggart £58
 January 5 Cash sales £187
 January 6 Paid wages in cash £254.
 January 7 Sold goods on credit to:
o H Maclean £35
o L Rory £42
o J Gardener £72
 January 9 Bought goods for cash £259
 January 10 Bought goods on credit from:
o M Zainab £57
o T Doggart £98.
 January 12 Paid wages in cash £314
 January 13 Sold goods on credit to:
o L Rory £32
o J Gardener £23
 January 15 Bought shop fixtures on credit from Store Ltd £2 550
 January 17 Paid M Zainab by cheque £67
 January 18 We returned goods to T Doggart £20
 January 21 Paid Store Ltd a cheque for £550
 January 27 We returned goods to K Smith £12
 January 30 Kettle and Co Ltd lent us £6 000 in cash
 January 31 Bought a motor van paying by cheque £4 000.