20 Transaction of car Business

1. Capital 10,000,000
2. Purchase Land 1,500,000
3. Purchase building 1,000,000
4. Purchase office equipment 350,000
5. Purchase inventory 6,500,000
6. Utility Bills 10,000
7. Sold Inventory 1,200,000
8. Salary expense 36,000
9. Obtain loan from bank 2,500,000 payable in 2 equal installment
10. Purchase inventory 4,000,000
11. Drawing 100,000
12. Sold inventory 3,500,000
13. 1st installment 1,250,000
14. Utility Bills 12,000
15. Salary Expense 36,000
16. Repair Expense 30,000
17. Sold inventory 4,000,000
18. Purchase inventory 4,500,000
19. 2nd installment 1,250,000
20. Drawing 250,000
Date Particular Ref Debit Credit
1 Dec Cash 10,000,000
Capital 10,000,000
3 Dec Land 1,500,000
Cash 1,500,000
10 Dec Building 1,000,000
Cash 1,000,000
18 Dec Office equipment 350,000
Cash 350,000
25 Dec inventory 6,500,000
Cash 6,500,000
30 Dec Utility Bills 10,000
Cash 10,000
31 Dec Cash 1,200,000
sale 1,200,000
1 Jan Salary expense 36,000
cash 36,000
3 Jan Cash 2,500,000
Account payable 2,500,000
10 Jan inventory 4,000,000
Cash 4,000,000
15 Jan Drawing 1,000,000
Cash 1,000,000
20 Jan Cash 3,500,000
Sales 3,500,000
26 Jan Account payable 1,250,000
Cash 1,250,000
30 Jan Utility Bills 12,000
Cash 12,000
1 Feb Salary expense 36,000
Cash 36,000
3 Feb Repair expense 30,000
Cash 30,000
8 Feb Cash 4,000,000
sale 4,000,000
13 Feb Inventory 4,500,000
Cash 4,500,000
17 Feb Account payable 1,250,000
Cash 1,250,000
22 Feb Drawing 250,000
Cash 250,000
 Cash Account
01-Dec 10,000,000 10 Dec 1,000,000
31-Dec 1,200,000 18 Dec 350,000
03-Jan 2,500,000 25 Dec 6,500,000
15-Jan 1,000,000 30 Dec 10,000
20-Jan 3,500,000 01-Jan 36,000
8-Feb 4,000,000 10-Jan 4,000,000
26-Jan 1,250,000
30-Jan 12,000
1-Feb 36,000
3-Feb 30,000
13-Feb 4,500,000
17-Feb 1,250,000
22-Feb 250,000
Balance : 6024000

Total : 28,224,000 Total : 28,224,000

Capital Account
01-Dec 10,000,000
Balance : 10,000,000
Total : 10,000,000 Total : 10,000,000

Land Account
03-Dec 1,500,000
Balance : 1,500,000
Total : 1,500,000 Total : 1,500,000

Building Account
10-Dec 1,000,000
Balance : 1,000,000
Total : 1,000,000 Total : 1,000,000

Office equipment Account

18-Dec 350,000
Balance : 350,000
Total : 350,000 Total : 350,000
 Inventory Account
25-Dec 6,500,000
10-Jan 4,000,000 Balance : 15,000,000
13-Feb 4,500,000

Total : 15,000,000 Total : 15,000,000

Utility Bills Account

30-Dec 10,000
30-Jan 12,000 Balance : 22,000
Total : 22,000 Total : 22,000

Salary expense Account

01-Jan 36,000
01-Feb 36,000 Balance : 72,000
Total : 72,000 Total : 72,000

Account payable Account

26-Jan 1,250,000 03-Jan 2,500,000
17-Feb 1,250,000
Total : 2,500,000 Total : 2,500,000

Drawing Account
15-Jan 100,000
22-Feb 250,000 Balance : 350,000
Total : 350,000 Total : 350,000

Sale Account
20-Jan 3,500,000
Balance : 7,500,000 08-Feb 4,000,000
Total : 7,500,000 Total : 7,500,000

Repair expense Account

03-Feb 30,000
Balance : 30,000
Total : 30,000 Total : 30,000
 Trail Balance
Cash 28,224,000
Capital 10,000,000
Land 1,500,000
Building 1,000,000
Office equipment 350,000
Inventory 15,000,000
Utility Bills 22,000
Salary expense 72,000
Drawing 350,000
Sale 7,500,000
Repair expense 30,000

45,724,000