Journal, Ledger and Trial Balance Problems and Solutions

Journal, Ledger and Trial Balance Problems and Solutions

Date	Particulars	J.F	Debit Rs.	Credit Rs.
March.1	Cash               Anwar Capital Anwar Started business.	1 2	60000	60000
8	Furniture                 Creditors (A/P) Bought furniture on account.	3 4	5000	5000
10	Supplies                  Cash Purchased supplies for cash.	5 1	1000	1000
18	Equipment                    Cash Bought equipment for cash.	6 1	1700	1700
25	Cash                   Anwar Capital Anwar invested additional cash	1 2	20000	20000
28	Creditors                    Cash Paid for furniture purchased on credit	4 1	4000	4000
31	Supplies                 Creditors Bought supplies on credit.	5 4	100	100

Date	Description	P.R	Debit	Credit	Balance Dr.               Cr.
March.1 10 18         25  28	Capital Supplies Equipment Capital Creditors(A/P)	2 5 6 2 4	60000 20000	1000 1700 4000	60000 59000 57300 77300 73300

Date	Description	P.R	Debit	Credit	Balance Debit      Credit
Mar.1 25	Cash Cash	1 1		60000 20000	60000 80000

Date	Description	P.R	Debit	Credit	Balance Debit       Credit
8	Creditors (A/P)	4	5000		5000

Date	Description	P.R	Debit	Credit	Balance Debit        Credit
8 28 31	Furniture Cash Supplies	3 1 5	4000	5000   100		5000 1000 1100

Date	Description	P.R		Debit	Credit	Balance Debit      Credit
10 31	Cash Creditors	1 4	1000   100			1000 1100

Date	Description	P.R		Debit	Credit	Balance Debit        Credit
18	Cash	1	1700			1700

Date	Particulars	L.F	Dr. Rs.	Cr. Rs.
July.1	Cash                 Khubaib Capital Mr. Khubaib started business by investing Cash.	1 2	50000`	50000
2	Land                Cash                 Notes Payable Purchased Land .made a patial payment and signed A note for the balance.	3 1 4	140000	28000 112000
5	Purchases                   Cash Merchandise purchased for cash	5 1	4000	4000
12	Equipment                    Creditors Purchased equipment on account	6 7	3000	3000
28	Creditors                  Cash Made a partial payment for Equipment	7 1	2000	2000

Date	Description	P.R	Debit	Credit	Balance Debit         Credit
Jul.1 2 5 12	Capital Land Purchases Creditors	1 3 5 7	50000	28000   4000   2000	50000 22000 18000 16000

Date	Description	P.R	Debit	Credit	Balance Debit      Credit
1	Cash	2		50000		50000

Date	Description	P.R		Debit	Credit	Balance Debit      Credit
2   “	Cash Notes Payable	1 4	28000 112000			28000  112000

Date	Description	P.R		Debit	Credit	Balance Debit     Credit
2	Land	3			112000		112000

Date	Description	P.R	Debit	Credit	Balance Debit       Credit
5	Cash	1	40000		4000

Date	Description	P.R	Debit	Credit	Balance Debit        Credit
12	Creditors	7	3000		3000

Date	Description	P.R		Debit	Credit	Balance Debit     Credit
12  28	Equipment Cash	6 1	2000		3000		3000 1000

Name of Accounts	Dr. Rs.	Name of Accounts	Cr. Rs.
Cash Land Purchase Equipment	16000 140000     4000     3000	Capital Notes payable Creditors	50000 112000     1000
Total	163000	Total	163000