Assignment (Ledger accounts)

March 1 Started in business with cash $8500 Required:

2 Bought goods on credit from W Young $420 a) Record the transactions in t
3 Paid rent by cash $210 b) Balance the ledger account
4 Paid $6000 of the cash of the business into a bank account c) Prepare a trial balance
5 Sold goods on credit to D Unbar $192
7 Bought stationary $25 paying by cheque
11 Cash sales $81
14 Goods returned by us to W Young $54
17 Sold goods on credit to J Harper $212
20 Paid for repairs to the building by cash $78
21 Owner withdrew cash for personal use $50
22 D Unbar returned goods to us $22
27 Paid W Young by cheque $366
28 Cash purchases $470
29 Bought a van paying by cheque $3850
30 Paid motor expenses in cash $62
31 Bought fixtures $840 on credit from B Coal

Dr Bank a/c Cr
Date Details $ Date Details $
1-Mar Capital 8500 7-Mar Stationary 25
4-Mar Cash 6000 27-Mar W.Young 366
29-Mar Purchases 3850
31-Mar balance c/d 10,259
14,500 14,500
1-Apr balance b/d 10,259

Dr Purchases a/c Cr
Date Details $ Date Details $
2-Mar W. Young 420
28-Mar Cash 470
29-Mar Bank 3850
31-Mar B.Coal 840
31-Mar balance c/d 5880
5580 5580
1-Apr balance b/d 5580
Dr Rent expense a/c Cr
Date Details $ Date Details $
3-Mar Cash 210
31-Mar balance c/d 210
210 210
1-Apr balance b/d 210
 Dr Sales a/c Cr
Date Details $ Date Details $
5-Mar D.Unbar 192
11-Mar Cash 81
17-Mar J.Harper 212
31-Mar balance c/d 485
485 485
1-Apr balance b/d 485

Dr Stationary a/c Cr
Date Details $ Date Details $
7-Mar Bank 25
31-Mar balance c/d 25
25 25
1-Apr balance b/d 25

Dr J.Harper a/c Cr
Date Details $ Date Details $
17-Mar Sales 212
31-Mar balance c/d 212
212 212
1-Apr balance b/d 212

Dr Drawing a/c Cr
Date Details $ Date Details $
21-Mar Cash 50
31-Mar balance c/d 50
50 50
1-Apr balance b/d 50

Dr Motor expense a/c Cr

Date Details $ Date Details $
30-Mar Cash 62
31-Mar balance c/d 62
62 62
1-Apr balance b/d 62
 Dr B. Coal a/c Cr
Date Details $ Date Details $
31-Mar purchases 840
31-Mar balance c/d 840
840 840
1-Apr balance b/d 840
(Ledger accounts)

a) Record the transactions in the ledger account

b) Balance the ledger accounts
c) Prepare a trial balance

Dr Capital a/c Cr
Date Details $ Date Details $
1-May Bank 8500
1-Apr balance c/d 8500
8500 8500
31-Mar balance b/d 8500

Dr W. Young a/c Cr
Date Details $ Date Details $
14-Mar Purchases ret 54 2-Mar Purchases 420
27-Mar Bank 366
31-Mar balance c/d 0
420 420
1-Apr balance b/d 0

Dr Cash a/c Cr
Date Details $ Date Details $
11-Mar Sales 81 3-Mar Rent expense 210
4-Mar Bank 6000
20-Mar Repairs 78
21-Mar Drawings 50
28-Mar Purchases 470
30-Mar Motor expenses 62
31-Mar balance c/d 6789
6870 6870
1-Apr balance b/d 6789

Dr Purchases returned a/c Cr

Date Details $ Date Details $
14-Mar W. Young 54
31-Mar balance c/d 54
54 54
1-Apr balance b/d 54

Dr Repairs a/c Cr
Date Details $ Date Details $
20-Mar Cash 78
31-Mar balance c/d 78
78 78
1-Apr balance b/d 78

Dr Returned goods a/c Cr

Date Details $ Date Details $
22-Mar D.Unbar 22
31-Mar balance c/d 22
22 22
1-Apr balance b/d 22

Dr D.Unbar a/c Cr
Date Details $ Date Details $
5-Mar Sales 192 22-Mar Returned goods 22
1-Apr balance c/d 170
192 192
31-Mar balance b/d 170
Column1 Column2 Column3
Trial balance as at 31st March 2020
Details Dr Cr
Bank 10259
Capital 8500
Purchases 5580
W.Young 0
Rent expense 210
Cash 6789
Sales 485
Purchases returned 54
Stationary 25
Repairs 78
J.Harpers 212
Returned goods 22
Drawings 50
Motor expense 62
D.Unbar 170
B.Coal 840