Account to be debited

Account to be credited

May 1

Capital invested

Bank a/c

Capital a/c

May 2

Asset bought on credit

Equipment a/c

KE Suppliers a/c

May 3

Asset bought on credit

Furniture a/c

RF Ltd a/c

May 10

Float from bank

Cash a/c

Bank a/c

May 11

Paid creditor

Fittings a/c

Bank. a/c

May 15

Asset bought paid cheque

Vehicles a/c

Bank a/c

May 16

Paid creditor

KE Suppliers a/c

Bank a/c

May 19

Paid creditor

RF Ltd a/c

Bank a/c

DR

Capital Account 

CR

May

€

May

€

1

Bank a/c

60,000

DR

Bank Account 

CR

May

€

may 

€

1

Capital a/c

60,000

10

Cash

1,000

11

Furniture a/c

25,000

15

Motor Vehicles a/c

9,000

16

KE suppliers a/c

20,000

23

RF Ltd a/c

15,000

DR

Equipment Account 

CR

May

€

May

€

2

KE Suppliers

20,000

DR

KE Suppliers Account

CR

May

€

May

€

16

Bank

20,000

2

Equipment

20,000

DR

Furniture Account 

CR

May

€

May

€

3

RF Ltd

15,000

11

Bank

25,000

DR

RF Ltd Account 

CR

May

€

May

€

19

Bank

15,000

3

Furniture A/C

15,000

DR

Cash Account 

CR

May

€

May

€

10

Bank

1,000

DR

Motor Vehicles Account 

CR

May

€

may

€

15

Bank a/c

9,000