CASH BOOK C FEB 1 - CAPITAL FEB 5 - SALES FEB 6 - SALES 325 450 B 6000 FEB 9 - PAID J.

M FEB 14 - MOTOR VAN FEB 22- SALARY FEB 26 - EQUIPMENT FEB 28 - PAID RENT FEB 28 - bal C/D 6000 3900 C 150 1000 200 600 500 3900 6000 B

MAR 1 bal B/D

775 425

425 775

PURCHASES . J 2-Feb J. MORE 28-Feb TRANSFERRED TO THE PURCHASES A/C IN THE GENERAL LEDGER RETURN INWARDS J 21-Feb K. JACK 28-Feb TRANSFERRED TO THE RETURNS INWARDS A/C IN THE GENERAL LEDGER RETURN OUTWARDS J 15-Feb J. MORE 28-Feb TRANSFERRED TO THE RETURNS OUTWARDS A/C IN THE GENERAL LEDGER 300 300

25 25

50 50

PURCHASES J. MORE FEB9 CASH FEB 15 RETURN OUTWARDS FEB 28 BAL C/D

150 FEB 2 PURCHASES 50 100 300 MAR 1 BAL B/D

300

300 100

GENERAL LEDGER CAPITAL FEB 1 BANK FEB 28 BAL C/D 6000 MAR 1 BAL B/D 6000 6000

PURCHASES FEB 2 PURCHASES JOURNAL

TRADING A/C 300 28-Feb 300

SALES FEB 28 TRADING A/C

750 FEB 5 CASH FEB 6 CASH 750

300 450 750

RENT FEB 28 BANK

500 FEB 28 P&L 500

500 500

MOTOR VAN FEB 14 BANK

1000 FEB 14 BAL C/D 1000

1000 1000

SALARY FEB 22 CASH

200 FEB28 BAL C/D 200

600 600

EQUIPMENT FEB 26 BANK MAR 1 BAL B/D

600 FEB 28 BAL C/D 600

600

RETURNS OUTWARDS FEB 29 TRASING A/C

50 FEB 29 RET. OUT. Journal 50

50 50

RETURNS INWARDS FEB 21 RET. IN.

25 FEB 28 TRADING A/C 25

25 25

J FASHIONS TRIAL BALANCE AS AT FEBRUARY 28TH 2012 DR $ CAPITAL PURCHASES SALES RENT MOTOR VAN J. MORE - CREDITOR SALARY EQUIPMENT RETURNS OUTWARDS CASH BANK 300 775 500 1000 100 200 600 50 425 3900 6925 100 CR $ 6000

6925

CLOSING STOCK

J FASHIONS TRADING & PROFIT & LOSS AS AT FEBRUARY 28TH 2012 TRADING SALES NET SALES COST OF GOODS SOLD PURCHASES RETURN OUTWARDS NET PURCHASES CLOSING STOCK COST OF SALES GROSS PROFIT LESS EXPENSES RENT SALARY NET LOSS PROFIT 750 LOSS 750 300 50 250 100 150 600 500 200 100

J FASHIONS BALANCE SHEET AS AT FEBRUARY 28TH 2012

$ FIXED ASSETS EQUIPMENT MOTOR VAN CURRENT ASSETS STOCK BANK CASH LESS CURRENT LIAB. CREDITORS: J.MORE WORKING CAPITAL 100 3900 400 4400 100

600 1000 1600

4300 5900 6000 -100

CAPITAL NET LOSS