Scribd Logo
Upload

Welcome to Scribd!

  • Tutorial

    Uploaded by

    Danial
    10 views2 pages
    The document lists accounting transactions between December and April with their corresponding journal entries. It shows the date, accounting term, account component affected, effect on the account (increase/decrease), and debit/credit entries. Some key transactions include capital contributions increasing capital and assets, purchases and sales affecting expenses/revenues and assets/liabilities, loans affecting liabilities and assets, and withdrawals reducing owner's equity and assets.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document lists accounting transactions between December and April with their corresponding journal entries. It shows the date, accounting term, account component affected, effect on the account (increase/decrease), and debit/credit entries. Some key transactions include capital contributions increasing capital and assets, purchases and sales affecting expenses/revenues and assets/liabilities, loans affecting liabilities and assets, and withdrawals reducing owner's equity and assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views2 pages

    Tutorial

    Uploaded by

    Danial
    The document lists accounting transactions between December and April with their corresponding journal entries. It shows the date, accounting term, account component affected, effect on the account (increase/decrease), and debit/credit entries. Some key transactions include capital contributions increasing capital and assets, purchases and sales affecting expenses/revenues and assets/liabilities, loans affecting liabilities and assets, and withdrawals reducing owner's equity and assets.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Date Accounting Term Component Effect on AE Journal Entries (debit/credit)

    (Dec) (+/-)
    3 Capital Capital + Cr. Capital
    Computer Asset + Dr. Computer
    Furniture Asset + Dr. Furniture
    5 Purchase Expense + Dr. Purchase
    Creditor – Kitchen2U Trading Liability + Cr. Creditor
    6 Cash Asset + Dr. Cash
    Sales Revenue + Cr. Sales
    8 Return Outward Expense - Cr. Return Outward
    Creditor – Kitchen2U Trading Liability - Dr. Creditor
    12 Loan Liability + Cr. Loan
    Bank Asset + Dr. Bank
    15 Sales Revenue + Cr. Sales
    Debtor - Qaisara Asset + Dr. Debtor
    21 Bank Asset + Dr. Bank
    Cash Asset - Cr. Cash
    31 Return Inward Revenue - Dr. Return Inward
    Cash Asset - Cr. Cash
    Date Accounting Term Component Effect on Journal Entry
    (Apr) AE (debit/credit)
    (+/-)
    1
    4 Sales Revenue + Cr. Sales
    Creditor Asset + Dr. Creditor
    11 Capital Owner’s Equity + Cr. Capital
    Motor vehicle Asset + Dr. Motor vehicle
    Cash Asset + Dr. Cash
    13
    14 Sales Revenue + Cr. Sales
    Cash Asset + Dr. Cash
    20 Sales Revenue + Cr. Sales
    Bank Asset + Dr. Bank
    21 Return outward
    ?
    22 Loan Liability + Cr. Loan
    Bank Asset + Dr. Bank
    23 Drawings Owner’s Equity - Dr. Drawings
    Bank Asset - Cr. Bank
    25 Return inward Revenue - Dr. Return inward
    Cash Asset - Cr. Cash
    26 Rental Revenue + Cr. Rental
    Cash Asset + Dr. Cash
    27 Drawings Owner’s Equity - Dr. Drawings
    Bank Asset - Cr. Bank
    29 Salaries Expenses + Dr. Salaries
    Cash Assets - Cr. Cash
    30

    You might also like