a. Journalize a transaction b. Post to the ledger account (T-format) c.

Trial balance

GENERAL JOURNAL T1 Cash 101 Accounts payables 201 Share capital - Ordinary 311 Kochi Services

Date Account titles & explanation Ref. Debit Credit

1/5 40,000 1/5 24,000 13/5 400 1/5 20,000 1/5 40,000 Trial balance
1/5 Cash 101 40,000 10/5 8,000 1/5 10,000 5/5 1,500 31-May
Share capital - Ordinary 311 40,000 20/5 3,000 1/5 1,800 25/5 380 Bal. 40,000
(Rabul Shah invest cash exchange share) 2/5 420 Bal. 21,480 Debit Credit
13/5 400 Cash ₹ 8,280
1/5 Prepaid rent 729 24,000 28/5 6,100 Accounts receivable 9,000
Cash 101 24,000 Bal. 8,280 Service Revenue 400 Supplies 1,920
(Rent next 2 year, pay cash) 10/5 20,000 Furniture & Equipment 30,000
Prepaid insurance 1,800
1/5 Furniture & Equipment 157 30,000 Bal. 20,000 Accounts payable ₹ 21,480
Cash 101 10,000 Accounts receivable 112 Share capital ordinary 40,000
Accounts payable 201 20,000 10/5 12,000 20/5 3,000 Service revenue 20,000
(Purchase on account partly & by cash partly) Salaries & wages expense 6,100
Bal. 9,000 Salaries & wages expense 726 Prepaid rent 24,000
1/5 Prepaid insurance 130 1,800 28/5 6,100 Utilities expense 380
Cash 101 1,800 ₹ 81,480 ₹ 81,480
(purchased one-year insurance by cash) Supplies 126 Bal. 6,100
2/5 420
2/5 Supplies 126 420 5/5 1,500
Cash 101 420 Bal. 1,920 BALANCE
(purchased office supplies by cash) Prepaid rent 729
1/5 24,000
5/5 Supplies 126 1,500 Furniture & equipment 157
Accounts payable 201 1,500 1/5 30,000 Bal. 24,000
(Purchased office supplies on account/on credit)
Bal. 30,000
10/5 Cash 101 8,000
Accounts receivable 112 12,000 Utilities expense 732
Service revenue 400 20,000 25/5 380
(Earned revenue, receive cash partly & on account partly) Prepaid insurance 130
1/5 1,800 Bal. 380
13/5 Accounts payable 201 400
Cash 101 400 Bal. 1,800
(Paid creditors on account)

20/5 Cash 101 3,000

Accounts receivable 112 3,000
(Received cash from customers in payment on account)

25/5 Utilities expense 732 380

Accounts payable 201 380
(Received utility bills, pay next month)

28/5 Salaries & wages expense 726 6,100

Cash 101 6,100
(Paid salaries to date)
127,600 127,600
BALANCE