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  • Carter Penright and Closing T Accounts

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    tajhtechz
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    The document appears to be a trial balance for Carter Penright as of September 30, 2023. It lists various capital, expense, asset, liability and equity accounts with their opening balances, transactions during the period, and closing balances. The total debits equal the total credits, indicating the trial balance balances.

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    The document appears to be a trial balance for Carter Penright as of September 30, 2023. It lists various capital, expense, asset, liability and equity accounts with their opening balances, transactions during the period, and closing balances. The total debits equal the total credits, indicating the trial balance balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    5 views22 pages

    Carter Penright and Closing T Accounts

    Uploaded by

    tajhtechz
    The document appears to be a trial balance for Carter Penright as of September 30, 2023. It lists various capital, expense, asset, liability and equity accounts with their opening balances, transactions during the period, and closing balances. The total debits equal the total credits, indicating the trial balance balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 22

    Capital

    Sep-30 Balance c/d 900,000.00 Sep-01 Bank- SNB

    900,000.00

    Oct-01 Balance b/d

    Rent Expense

    Sep-02 Bank 60,000.00 Sep-30 bal c/d

    60,000.00

    Oct-01 Bal b/d 60,000.00

    Stationery
    Sep-04 Cash 30,000.00 Sep-30 Bal c/d

    30,000.00

    Oct-01 Bal b/d 30,000.00

    Office Furniture

    Sep-06 Bank 130,000.00 Sep-30 Bal c/d

    130,000.00

    Oct-01 Bal b/d 130,000.00

    Motor Drivers Ltd- Creditor

    Sep-19 Bank 200,000.00 Sep-09 Motor Van


    Sep-30 Bal c/d 600,000.00
    800,000.00
    Oct-01 Bal bd

    Printers Ltd- Creditor

    Sep-12 50,000.00 Sep-10 Purchases


    Sep-30 Bal c/d 650,000.00

    700,000.00
    Oct-01 Bal bd

    Return Outwards

    Sep-30 Bal c/d 50,000.00 Sep-12 Printer Ltd

    50,000.00
    Oct-01 Bal bd
    Insurance

    Sep-16 Bank 27,000.00 Sep-30 Bal c/d

    27,000.00
    Oct-01 Bal bd 27,000.00

    Return Inwards

    Sep-18 Brooks University 12,000.00 Sep-30 Bal c/d

    12,000.00
    Oct-01 Bal bd 12,000.00
    Cleaning Supplies

    Sep-22 Cash 8,000.00 Sep-30 Bal c/d

    8,000.00
    Oct-01 Bal bd 8,000.00

    Wages

    Sep-25 Bank 88,000.00 Sep-30 Bal c/d

    88,000.00
    Oct-01 Bal bd 88,000.00
    SNB Bank

    900,000.00 Sep-01 Capital


    Sep-10 Brooks University

    900,000.00 -

    900,000.00 Oct-01 bal b/d

    Cash

    60,000.00 Sep-03 Bank


    Sep-15 Sales

    60,000.00
    Oct-01 Bal b/d

    Compute
    30,000.00 Sep-05 Bank

    30,000.00 -

    Oct-01 Bal bd

    Motor Va

    130,000.00 Sep-09 Motor Drivers- cred

    130,000.00 -

    Oct-01 Bal bd

    Inventory/Purc

    800,000.00 Sep-10 Printers Ltd- Credit


    800,000.00 -
    600,000.00 Oct-01 Bal bd

    Delivery Cha

    700,000.00 Sep-11 Cash

    700,000.00 -
    650,000.00 Oct-01 Bal bd

    Sales

    50,000.00 Sep-30 Bal c/d

    50,000.00 -
    50,000.00
    Brooks Unversity

    27,000.00 Sep-17 sales

    27,000.00 -
    Oct-01 Bal bd

    Postage

    12,000.00 Sep-22 Cash

    12,000.00 -

    Oct-01 Bal bd
    Repairs

    8,000.00 Sep-22 Cash

    8,000.00 -
    Oct-01 Bal bd

    Utiities

    88,000.00 Sep-25 Bank

    88,000.00 -
    Oct-01 Bal bd

    -
    SNB Bank

    900,000.00 Sep-02 Rent 60,000.00


    264,000.00 Sep-03 Cash 70,000.00
    Sep-05 Computer 52,000.00
    Sep-06 Furniture 130,000.00
    Sep-16 Insurance 27,000.00
    Sep-19 Motor Drivers 200,000.00
    Sep-25 Wages 88,000.00
    Sep-25 Utilities 62,000.00
    Sep-30 Bal c/d 475,000.00
    1,164,000.00 1,164,000.00

    475,000.00

    Cash

    70,000.00 Sep-04 Stationery 30,000.00


    250,000.00 Sep-11 Delivery 22,000.00
    Sep-22 Postage 11,000.00
    Sep-22 Cleaning 8,000.00
    Sep-22 Repairs 5,000.00
    Sep-30 Bal c/d 244,000.00

    320,000.00 320,000.00
    244,000.00

    Computer
    52,000.00 Sep-30 Bal c/d 52,000.00

    52,000.00 52,000.00

    52,000.00

    Motor Van

    800,000.00 Sep-30 Bal c/d 800,000.00

    800,000.00 800,000.00

    800,000.00

    Inventory/Purchases

    700,000.00 Sep-30 Bal c/d 700,000.00


    700,000.00 700,000.00
    700,000.00

    Delivery Charges

    22,000.00 Sep-30 Bal c/d 22,000.00

    22,000.00 22,000.00
    22,000.00

    Sales

    790,000.00 Sep-15 Cash 250,000.00


    Sep-17 Brooks University- Deb 540,000.00

    790,000.00 790,000.00
    Oct-01 Bal bd 790,000.00
    Brooks Unversity- debtor

    540,000.00 Sep-18 Return inwards 12,000.00


    Sep-20 Bank 264,000.00
    Sep-30 Bal c/d 264,000.00

    540,000.00 540,000.00
    264,000.00

    Postage

    11,000.00 Sep-30 Bal c/d 11,000.00

    11,000.00 11,000.00

    11,000.00
    Repairs

    5,000.00 Sep-30 Bal c/d 5,000.00

    5,000.00 5,000.00
    5,000.00

    Utiities

    62,000.00 Sep-30 Bal c/d 62,000.00

    62,000.00 62,000.00
    62,000.00
    Carter Penright
    Trial Balance
    As at September 30, 2023
    DR CR
    Capital 900,000.00
    SNB Bank 475,000.00
    Rent Expense 60,000.00
    Cash 244,000.00
    Stationery 30,000.00
    Computer 52,000.00
    Furniture 130,000.00
    Motor Van 800,000.00
    Motor Drivers Ltd- Creditor 600,000.00
    Purchases 700,000.00
    Printers Ltd- Creditor 650,000.00
    Delivery Charges 22,000.00
    Return Outwards 50,000.00
    Sales 790,000.00
    insurance exp 27,000.00
    Brooks Unversity- debtor 264,000.00
    Return Inwards 12,000.00
    Postage 11,000.00
    Cleaning Supplies 8,000.00
    Repairs 5,000.00
    Wages 88,000.00
    Utiities 62,000.00

    2,990,000.00 2,990,000.00
    528,000.00
    264,000.00
    *Error was in Motor Van where the closing balance was shownas $80,000 instead of $800,000 17/10/2023 :)

    -
    Carter Penright
    Trial Balance
    As at September 30, 2023
    DR CR
    Capital 900,000.00

    - 900,000.00

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