JOURNAL ENTRIES FOR THE YEAR ENDED 31 JANUARY 2012

DATE DETAILS FOLIO DR CR

$ C $ C
1-Jan-12 Cash Account 1 10000 0
1-Jan-12 Capital Account 2 10000 0
Being commencement of business with Cash

3-Jan-12 Bank Account 3 8000 0

3-Jan-12 Cash Account 1 8000 0
Being payment of Cash into the business bank account

6-Jan-12 Van Account 4 3000 0

6-Jan-12 Perkin's Garage Account 5 3000 0
Being a van bought on credit from Perkin's Garage

9-Jan-12 Rent Account 6 1000 0

9-Jan-12 Bank Account 3 1000 0
Being the first quarter's rent paid by cheque

12/1/2012 Purchases Account 7 4000 0

12/1/2012 Roy Limited Account 8 4000 0
Being goods bought on credit from Roy limited

15-Jan-12 Expenses Account 9 1500 0

15-Jan-12 Bank Account 3 1500 0
Being shop expenses paid by Cheque

18-Jan-12 Scott and Company Account 10 3000 0

18-Jan-12 Sales Account 11 3000 0
Being goods sold on credit to Scott and Company

21-Jan-12 Perkin's Garage Account 5 3000 0

21-Jan-12 Bank Account 3 3000 0
Being Perkin's Account settled by Cash

24-Jan-21 Bank Account 3 2000 0

24-Jan-12 Scott and Company Account 10 2000 0
Being a cheque received from Scott and company

27-Jan-12 Roy Limited Account 8 500 0

27-Jan-12 Bank Account 3 500 0
Being Roy limited Account Settled by Bank

31-Jan-12 Purchases Account 7 3000 0

31-Jan-21 Roy Limited Account 8 3000 0
Being goods bought on credit from Roy limited

31-Jan-12 Cash Account 1 2000 0

31-Jan-12 Sales Account 11 2000 0
Being Cash Sales for the month