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  • Rana Daniyal

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    Mian Umar
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    1) The document provides accounting records for Tina Cordero's business from September 1-30 including transactions involving cash, equipment purchases, accounts payable, capital investment, and drawings. 2) It includes journal entries, individual account balances, and a trial balance as of September 30th with total debits of $14,000 and total credits of $14,000. 3) Key transactions included investing $10,000 cash as capital, purchasing $12,000 of equipment with $5,000 cash and $7,000 accounts payable, paying $3,000 of accounts payable in cash, and withdrawing $500 cash for personal use.

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    rana Daniyal

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    1) The document provides accounting records for Tina Cordero's business from September 1-30 including transactions involving cash, equipment purchases, accounts payable, capital investment, and drawings. 2) It includes journal entries, individual account balances, and a trial balance as of September 30th with total debits of $14,000 and total credits of $14,000. 3) Key transactions included investing $10,000 cash as capital, purchasing $12,000 of equipment with $5,000 cash and $7,000 accounts payable, paying $3,000 of accounts payable in cash, and withdrawing $500 cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views7 pages

    Rana Daniyal

    Uploaded by

    Mian Umar
    1) The document provides accounting records for Tina Cordero's business from September 1-30 including transactions involving cash, equipment purchases, accounts payable, capital investment, and drawings. 2) It includes journal entries, individual account balances, and a trial balance as of September 30th with total debits of $14,000 and total credits of $14,000. 3) Key transactions included investing $10,000 cash as capital, purchasing $12,000 of equipment with $5,000 cash and $7,000 accounts payable, paying $3,000 of accounts payable in cash, and withdrawing $500 cash for personal use.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Claas participation

    Name
    Rana Daniyal
    Roll No
    191360304
    Submitted to
    Sir Qasim Nasim
    Section
    E
    Subject
    Principle of financial accounting-1
    Ref Debit Credit
    Date Account Title & Description
    . Dr. Cr.

    Sept 1 Cash 101 10000

    Tina cordero capital 301 10000

    (Invested cash in business)

    5 Equipment 157 12000

    Cash 101 5000

    Account Payable 301 7000

    (Purchase equipment on cash & account)

    25 Account Payable 201 3000

    Cash 101 3000

    (Paid cash )

    30 Drawings 306 500

    Cash 101 500

    (Withdraw cash for personal use)


    Ref Debit Credit
    Date Account Title & Description
    . Dr. Cr.

    Cash account 101


    Ref
    Date Description Dr. Cr. Balance
    .

    Sept 1 Tina cordero capital 10000 10000

    5 Equipment 5000 5000

    25 Account Payable 3000 2000

    30 Tina cordero Drawings 500 1500 Dr

    Equipment Account. 157


    Ref
    Date Description Dr. Cr. Balance
    .

    Sept 5 Cash& account Payable 12000 12000 Dr

    Account Payable. 201


    Ref
    Date Description Dr. Cr. Balance
    .

    Sept 5 Equipment 7000 7000

    25 Cash 3000 4000 Cr

    Tina cordero capital Account 301


    Ref
    Date Description Dr. Cr. Balance
    .

    Sept 1 Cash 10000 10000 Cr

    Cash cordero Drawings Account. 306


    Ref
    Date Description Dr. Cr. Balance
    .

    Sep 25 Cash 500 500 Dr


    Ref
    Date Description Dr. Cr. Balance
    .

    Tina Cordero Company

    Trial Balance

    As on month ended 30 September


    Account # Account Title Debit Credit

    101 Cash $1500

    157 Equipment 12000

    201 Account Payable $4000

    301 Tina cordero capital 10000

    306 Tina cordero Drawings 500


    Account # Account Title Debit Credit

    $14000 $14000

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