BTS is a market trader who started business on 1 August.

The following list of transactions in th

Aug 1 Started business with $1.000 of his own cash Aug 1

2 Paid $900 of this opening cash into a business bank account

4 Bought goods for resale on time, $78 from S. Holmes Aug 2

5 Bought a motor van by cheque, $500
7 Bought goods for resale, paying cash $55 Aug 4
10 Sold goods on time, $98 to D. Moore
11 BTS took goods from inventory for his own use, cost $22 Aug 5
12 Received loan from D. Watson, $100 cheque, repayable in 5 years
19 Sold goods for cash, $28 Aug 7
22 Bought fixture and fittings on time from Kingston Equip Co, $150

30 Paid Wages, $30 to employee, by bank transfer Aug 10

Require:
a. Recording the above transactions (in general journal). Aug 11
b. Posting those transactions in T-accounts and balance-off the T-Accounts as at 31 August.
c. Prepare a Trial Balance as at 31 August. Aug 12

Aug 19

Aug 22

Aug 30
 a. Recording b. Posting
Dr Cash 1,000

Cr Capital 1,000 Cash

Dr Bank 900 Date Account Amount Date
Cr Cash 900 1 Capital 1,000 2
Dr Purchase 78 19 Sales 28 7
Cr Accounts Payable 78
Dr Van 500
Cr Bank 500 1028
Dr Purchase 55 b/d 73
Cr Cash 55
Dr Accounts
Receivable 98
Cr Sales 98 Capital
Dr Drawings 22 Date Account Amount Date
Cr Purchase 22 1
Dr Bank 100
Cr Loan 100
Dr Cash 28 c/d 1000
Cr Sales 28 1000
Dr Fixtures
and Fittings 150
Cr Accounts Payable 150
Dr Wage
Expense 30
Cr Bank 30 Bank
Date Account Amount Date
2 Cash 900 5
12 Loan 100 30

1000
b/d 470

Account Payables
Date Account Amount Date
4

c/d 78
 78

Purchase
Date Account Amount Date
4 Acc.Pay 78 11
7 Cash 55

133
b/d 111

Van
Date Account Amount Date
4 Bank 500

500
b/d 500

Sales
Date Account Amount Date
10
19

Account Receivables
Date Account Amount Date
10 Sales 98

98
b/d 98

Drawing
Date Account Amount Date
 11 Purchase 22

22

Loan
Date Account Amount Date
12

c/d 100
100

Fixture and Fitting

Date Account Amount Date
22 F&F Payabl 150

150
b/d 150

Fixture and Fitting Payables

Date Account Amount Date
22

c/d 150
150

Wage Expense
Date Account Amount Date
30 Bank 30

30
osting C. Trial Balance

BTS
Closing Trial Balance
30/09/20XX
ash
Account Amount DR. CR.
Bank 900 Cash 73
Purchase 55 Capital 1,000
Bank 470
c/d 73 Account Payables 78
1028 Purchase 111
Van 500
Sales 126

Account Receivables 98
pital Drawing 22
Account Amount Loan 100
Cash 1,000 Fixture and Fitting 150
Fixture and Fitting Payables 150
Wage Expense 30
1,454 1,454
1000

b/d 1000

ank
Account Amount
Van 500
Wage 30

c/d 470
1000

Payables
Account Amount
Purchase 78
 78
b/d 78

chase
Account Amount
Drawing 22

c/d 111
133

an
Account Amount

c/d 500
500

ales
Account Amount
Acc.Rec 98
Cash 28

126

Receivables
Account Amount

c/d 98
98

wing
Account Amount
oan
Account Amount
Bank 100

100
b/d 100

nd Fitting
Account Amount

c/d 150
150

itting Payables
Account Amount
F&F 150

150
b/d 150

Expense
Account Amount