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    - The document summarizes journal entries for D Gough for the month of June 20X8. It includes details of transactions involving capital, cash, bank, and creditors. - T-accounts are provided to track changes in account balances for capital, cash, bank, and individual creditors and assets like office fixtures and van. - A trial balance is presented at the end that matches total debits and credits for the month.

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    - The document summarizes journal entries for D Gough for the month of June 20X8. It includes details of transactions involving capital, cash, bank, and creditors. - T-accounts are provided to track changes in account balances for capital, cash, bank, and individual creditors and assets like office fixtures and van. - A trial balance is presented at the end that matches total debits and credits for the month.

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    18 views9 pages

    Questions Merged 1

    Uploaded by

    FA Graphics
    - The document summarizes journal entries for D Gough for the month of June 20X8. It includes details of transactions involving capital, cash, bank, and creditors. - T-accounts are provided to track changes in account balances for capital, cash, bank, and individual creditors and assets like office fixtures and van. - A trial balance is presented at the end that matches total debits and credits for the month.

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    of 9

    QUESTION # 2.

    D GOUGH
    JOURNAL ENTRY FOR THE MONTH JUNE 20X8
    Date Particulars P.R Debit Credit
    1 June Bank 16000
    Capital 16000
    2 June Van 6400
    Bank 6400
    5 June Office Fixtures 900
    Creditor (Old Ltd.) 900
    8 June Van 7100
    Creditor (Carton Cars Ltd.) 7100
    12 June Cash 180
    Bank 180
    15 June Office Fixtures 120
    Cash 120
    19 June Creditor (Carton Cars Ltd.) 7100
    Bank 7100
    21 June Cash 500
    Creditor (B Berry) 500
    25 June Bank 400
    Cash 400
    30 June Office Fixtures 480
    Bank 480

    T-ACCOUNT FOR THE MONTH JUNE 20X8


    Capital
    Date Particulars Debit Date Particulars Credit
    31 June C/d 16000 1 June Cash 16000
    16000 16000
    1 July B/d 16000
    Cash
    Date Particulars Debit Date Particulars Credit
    12 June Bank 180 2 June Office Fixtures 120
    21 June Creditor (B Berry) 500 25 June Bank 400
    31 June C/d 160
    680 680
    1 July B/d 160

    Bank
    Date Particulars Debit Date Particulars Credit
    1 June Capital 16000 2 June Van 6400
    25 June Cash 400 12 June Cash 180
    19 June Creditor (Carton Cars Ltd.) 7100
    30 June Office Fixtures 480
    31 June C/d 2240
    16400 16400
    1 July B/d 2240

    Creditor (Old Ltd.)


    Date Particulars Debit Date Particulars Credit
    31 June C/d 900 5 June Office Fixtures 900
    900 900
    1 July B/d 900

    Creditor (Carton Cars Ltd.)


    Date Particulars Debit Date Particulars Credit
    19 June Bank 7100 8 June Van 7100

    7100 7100

    Creditor (B Berry)
    Date Particulars Debit Date Particulars Credit
    31 June C/d 500 21 June Cash 500
    500 500
    1 July B/d 500
    Office Fixtures
    Date Particulars Debit Date Particulars Credit
    5 June Creditor (Old Ltd.) 900 31 June C/d 1500
    15 June Cash 120
    30 June Bank 480
    1500 1500
    1 July B/d 1500

    Van
    Date Particulars Debit Date Particulars Credit
    2 June Bank 6400 31 June C/d 13500
    8 June Creditor (Carton Cars Ltd.) 7100
    13500 13500
    1 July B/d 13500

    TRIAL BALANCE FOR THE MONTH JUNE 20X8

    Particulars Debit Credit


    1. Capital 0 16000
    2. Cash 160 0
    3. Bank 2240 0
    4. Creditor (Old Ltd.) 0 900
    5. Creditor (Carton Cars Ltd.) 0 0
    6. Creditor (B Berry) 0 500
    7. Office Fixtures 1500 0
    8. Van 13500 0
    17400 17400
    QUESTION # 2.6

    JOURNAL ENTRY FOR THE MONTH MARCH 20X8

    Date Particulars P.R Debit Credit


    1 March Cash 750
    Bank 9000
    Capital 9750
    2 March Bank 2000
    Creditor (B Blane) 2000
    3 March Computer 600
    Cash 600
    5 March Display Equipment 420
    Creditor (Clearcount Ltd.) 420
    8 March Cash 200
    Bank 200
    15 March Creditor (B Blane) 500
    Bank 500
    17 March Creditor (Clearcount Ltd.) 420
    Bank 420
    24 March Creditor (B Blane) 250
    Cash 250
    31 March Printer 200
    Creditor (F Jones) 200

    T-ACCOUNT FOR THE MONTH MARCH 20X8


    Capital
    Date Particulars Debit Date Particulars Credit
    31 March C/d 9750 1 March Cash 750
    1 March Bank 9000
    9750 9750
    1 April B/d 9750
    Cash
    Date Particulars Debit Date Particulars Credit
    1 March Cash 750 3 March Computer 600
    8 March Bank 200 24 March Creditor (B Blane) 250
    31 March C/d 100
    950 950
    1 April B/d 100

    Bank
    Date Particulars Debit Date Particulars Credit
    1 March Capital 9000 8 March Cash 200
    2 March Creditor (B Blane) 2000 15 March Creditor (B Blane) 500
    17 March Creditor (Clearcount Ltd.) 420
    31 March C/d 9880
    11000 11000
    1 April B/d 9880

    Creditor (B Blane)
    Date Particulars Debit Date Particulars Credit
    15 March Bank 500 2 March Bank 2000
    24 March Cash 250
    31 March C/d 1250
    2000 2000
    1 April B/d 1250

    Creditor (Clearcount Ltd.)


    Date Particulars Debit Date Particulars Credit
    17 March Bank 420 5 March Display Equipment 420
    420 420

    Creditor (F Jones)
    Date Particulars Debit Date Particulars Credit
    31 March C/d 200 31 March Printer 200
    200 200
    1 April B/d 200
    Computer
    Date Particulars Debit Date Particulars Credit
    3 March Cash 600 31 March C/d 600
    600 600
    1 April B/d 600

    Display Equipment
    Date Particulars Debit Date Particulars Credit
    3 March Creditor (Clearcount 420 31 March C/d 420
    Ltd.)
    420 420
    1 April B/d 420
    Printer
    Date Particulars Debit Date Particulars Credit
    3 March Creditor (F Jones) 200 31 March C/d 200
    200 200
    1 April B/d 200

    T-ACCOUNT FOR THE MONTH MARCH 20X8

    Particulars Debit Credit


    1. Capital 9750
    2. Cash 100
    3. Bank 9880
    4. Creditor (B Blane) 1250
    5. Creditor (Clearcount Ltd.)
    6. Creditor (F Jones) 200
    7. Computer 600
    8. Display Equipment 420
    9. Printer 200
    11200 11200

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