PBX Enterprise

Capital
Date Details $ Date Details $
31-May-20 Balance C/d $150,000 1-May-20 Cash $150,000
$150,000 $150,000

1-Jun-20 Balance B/d $150,000

Cash
Date Details $ Date Details $
1-May-20 Capital $150,000 2-May-20 Bank $100,000
7-May-20 Sales $52,000 11-May-20 Wages $22,000
18-May-20 U. Long $56,000 14-May-20 Telephone Bill $4,000
17-May-20 L. Binns $35,000
20-May-20 Bank $60,000
31-May-20 Balance C/d $37,000
$258,000 $258,000

1-Jun-20 Balance B/d $37,000

Bank
Date Details $ Date Details $
2-May-20 Cash $100,000 3-May-20 Purchases $75,000
15-May-20 T. King $20,000 21-May-20 M. Scott $0
20-May-20 Cash $60,000 24-May-20 L. Binns $20,000
28-May-20 T. King $14,000 30-May-20 Rent $35,000
28-May-20 U. Long $10,000 31-May-20 Balance C/d $76,000
31-May-20 Interest $2,000
$206,000 $206,000

1-Jun-20 Balance B/d $76,000

Purchases
Date Details $ Date Details $
3-May-20 Bank $75,000 31-May-20 Balance C/d $170,000
4-May-20 L. Binns $65,000
 4-May-20 M. Scott $30,000
$170,000 $170,000

1-Jun-20 Balance B/d $170,000

M. Scott
Date Details $ Date Details $
21-May-20 Discount Received $30,000 4-May-20 Purchases $30,000
21-May-20 Bank $0
31-May-20 Balance C/d $0
$30,000 $30,000

1-Jun-20 Balance B/d $0

L. Binns
Date Details $ Date Details $
17-May-20 Cash $35,000 4-May-20 Purchases $65,000
24-May-20 Bank $20,000
31-May-20 Balance C/d $10,000
$65,000 $65,000

1-Jun-20 Balance B/d $10,000

Sales
Date Details $ Date Details $
31-May-20 Balance C/d $172,000 7-May-20 Cash $52,000
9-May-20 U. Long $76,000
9-May-20 T. King $44,000
$172,000 $172,000

1-Jun-20 Balance B/d $172,000

 T. King
Date Details $ Date Details $
9-May-20 Sales $44,000 15-May-20 Bank $20,000
27-May-20 Discount Allowed $5,000
28-May-20 Bank $14,000
31-May-20 Balance C/d $5,000
$44,000 $44,000

1-Jun-20 Balance B/d $5,000

U. Long
Date Details $ Date Details $
9-May-20 Sales $76,000 18-May-20 Cash $56,000
25-May-20 Return Inwards $8,000
28-May-20 Bank $10,000
31-May-20 Balance C/d $2,000
$76,000 $76,000

1-Jun-20 Balance B/d $2,000

Wages
Date Details $ Date Details $
11-May-20 Cash $22,000 31-May-20 Balance C/d $22,000
$22,000 $22,000

1-Jun-20 Balance B/d $22,000

 Telephone Bill
Date Details $ Date Details $
14-May-20 Cash $4,000 31-May-20 Balance C/d $4,000
$4,000 $4,000

1-Jun-20 Balance B/d $4,000

Discount Received
Date Details $ Date Details $
31-May-20 Balance C/d $30,000 21-May-20 M. Scott $30,000
$30,000 $30,000

1-Jun-20 Balance B/d $30,000

Return Inwards
Date Details $ Date Details $
25-May-20 U. Long $8,000 31-May-20 Balance C/d $8,000
$8,000 $8,000

1-Jun-20 Balance B/d $8,000

Discount Allowed
Date Details $ Date Details $
27-May-20 T. King $5,000 31-May-20 Balance C/d $5,000
$5,000 $5,000
 1-Jun-20 Balance B/d $5,000

Motor Car
Date Details $ Date Details $
29-May-20 Cars Unlimited $80,000 31-May-20 Balance C/d $80,000
$80,000 $80,000

1-Jun-20 Balance B/d $80,000

Cars Unlimited
Date Details $ Date Details $
31-May-20 Balance C/d $80,000 29-May-20 Motor Car $80,000
$80,000 $80,000

1-Jun-20 Balance B/d $80,000

Rent
Date Details $ Date Details $
30-May-20 Bank $35,000 31-May-20 Balance C/d $35,000
$35,000 $35,000

1-Jun-20 Balance B/d $35,000

 Interest
Date Details $ Date Details $
31-May-20 Balance C/d $2,000 31-May-20 Bank $2,000
$2,000 $2,000

1-Jun-20 Balance B/d $2,000

 Trial Balance

Account Title Debit Credit

Capital $150,000
Cash $37,000
Bank $76,000
Purcahses $170,000
M. Scott $0
L. Binns $10,000
Sales $172,000
T. King $5,000
U. Long $2,000
Wages $22,000
Telephone Bill $4,000
Discount Received $30,000
Return Inwards $8,000
Discount Allowed $5,000
Motor Car $80,000
Cars Unlimited $80,000
Rent $35,000
Interest $2,000
$444,000 $444,000