Posting to the Ledger Solution

Question 8
2011
Mar Jay started business with $300 000 cash
1
4 Purchased goods $150 000 cash
7 Purchased goods $100 000 cash
13 Sold goods $250 000 cash
15 Sold goods $120 000 cash
17 Received commission $10 000 cash
19 Paid insurance $15 000 cash
22 Paid advertising $40 000 cash

Question 9
Books of Gomzy
Dr Cash Account Cr

Date Details F Amount Date Details F Amount

2011 $ 2011 $
June 1 Capital 100 000 June Ordinary goods purchased 50 000
15
4 Revenue 150 000 19 Water 1 000
17 Commission Received 7 000
Capital Account

2011 $ 2011 $
June 1 Cash 100 000
Ordinary goods purchased Account

2011 $ 2011 $
June Cash 50 000 June
15 15
Revenue Account

2011 $ 2011 $
June 4 Cash 150 000
Commission Received Account

2011 $ 2011 $
June Cash 7 000
17
Water Account

2011 $ 2011 $
June Cash 1 000
19