| |
Solution 4.3
|
DR |
Capital Account |
CR |
|
May |
|
|
May |
|
|
|
30 |
Bal
c/d |
7,000 |
1 |
Bank
a/c |
7,000 |
|
|
|
|
|
Bal
b/d |
7,000 |
|
DR |
Bank Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
1 |
Capital
a/c |
7,000 |
2 |
Rent
a/c |
1,200 |
|
8 |
Sales
a/c |
900 |
4 |
Stationery
a/c |
200 |
|
16 |
Sales
a/c |
800 |
6 |
Purchases
a/c |
950 |
|
25 |
Loan
a/c |
1,500 |
7 |
Wages
a/c |
550 |
|
29 |
BB
Ltd a/c |
500 |
12 |
Purchases
a/c |
1,300 |
|
30 |
Bal
c/d |
1,300 |
14 |
Wages
a/c |
1,500 |
|
|
|
|
17 |
Rates
a/c |
600 |
|
|
|
|
18 |
Insurance
a/c |
500 |
|
|
|
|
21 |
Equip.
Suppliers a/c |
3,000 |
|
|
|
|
23 |
OF
Ltd a/c |
2,200 |
|
|
|
12,000 |
|
|
12,000 |
|
|
|
|
|
Bal
b/d |
1,300 |
|
DR |
Equipment
Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
3 |
Equip.
Suppliers a/c |
5,000 |
15 |
Equip.
Suppliers a/c |
600 |
|
|
|
|
30 |
Bal
c/d |
4,400 |
|
|
|
5,000 |
|
|
5,000 |
|
|
Bal
b/d |
4,400 |
|
|
|
|
DR |
Furniture
Account |
CR |
|
May |
|
|
May |
|
|
|
10 |
OF
Ltd a/c |
3,000 |
30 |
Bal
c/d |
3,000 |
|
|
Bal
b/d |
3,000 |
|
|
|
|
DR |
Rent Payable
Account |
CR |
|
May |
|
|
May |
|
|
|
2 |
Bank
a/c |
1,200 |
30 |
Bal
c/d |
1,200 |
|
|
Bal
b/d |
1,200 |
|
|
|
|
DR |
Stationery
Account |
CR |
|
May |
|
|
May |
|
|
|
4 |
Bank
a/c |
200 |
30 |
Bal
c/d |
200 |
|
|
Bal
b/d |
200 |
|
|
|
|
DR |
Wages Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
7 |
Bank
a/c |
550 |
|
|
|
|
14 |
Bank
a/c |
1,500 |
30 |
Bal
c/d |
2,050 |
|
|
|
2,050 |
|
|
|
|
|
Bal
b/d |
2,050 |
|
|
|
|
DR |
Rates Account |
CR |
|
May |
|
|
May |
|
|
|
17 |
Bank
a/c |
600 |
30 |
Bal
c/d |
600 |
|
|
Bal
b/d |
600 |
|
|
|
|
DR |
Insurance
Account |
CR |
|
May |
|
|
May |
|
|
|
18 |
Bank
a/c |
500 |
30 |
Bal
c/d |
500 |
|
|
Bal
b/d |
500 |
|
|
|
|
DR |
Purchases
Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
6 |
Bank
a/c |
950 |
|
|
|
|
12 |
Bank
a/c |
1,300 |
|
|
|
|
17 |
SS
Ltd a/c |
750 |
|
|
|
|
24 |
ZZ
Ltd a/c |
1,450 |
30 |
Bal
c/d |
4,450 |
|
|
|
4,450 |
|
|
4,450 |
|
|
Bal
b/d |
4,450 |
|
|
|
|
DR |
Sales Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
|
|
|
8 |
Bank
a/c |
900 |
|
|
|
|
9 |
MM
Ltd a/c |
1,000 |
|
|
|
|
16 |
Bank
a/c |
800 |
|
30 |
Bal
c/d |
4,100 |
22 |
BB
Ltd a/c |
1,400 |
|
|
|
4,100 |
|
|
4,100 |
|
|
|
|
|
Bal
b/d |
4,100 |
|
DR |
Purchases
Returns Account |
CR |
|
May |
|
|
May |
|
|
|
30 |
Bal
c/d |
200 |
26 |
ZZ
Ltd a/c |
200 |
|
|
|
|
|
Bal
b/d |
200 |
|
DR |
Sales Returns
Account |
CR |
|
May |
|
|
May |
|
|
|
28 |
BB
Ltd a/c |
300 |
30 |
Bal
c/d |
300 |
|
|
Bal
b/d |
300 |
|
|
|
|
DR |
Creditor –
Equip. Suppliers Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
15 |
Equipment
a/c |
600 |
3 |
Equipment |
5,000 |
|
21 |
Bank
a/c |
3,000 |
|
|
|
|
30 |
Bal
c/d |
1,400 |
|
|
|
|
|
|
5,000 |
|
|
5,000 |
|
|
|
|
|
Bal
b/d |
1,400 |
|
DR |
Creditor –
OF Ltd Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
23 |
Bank
a/c |
2,200 |
10 |
Furniture
a/c |
3,000 |
|
30 |
Bal
c/d |
800 |
|
|
|
|
|
|
3,000 |
|
|
3,000 |
|
|
|
|
|
Bal
b/d |
800 |
|
DR |
Creditor –
SS Ltd Account |
CR |
|
May |
|
|
May |
|
|
|
30 |
Bal
c/d |
750 |
19 |
Purchases
a/c |
750 |
|
|
|
|
|
Bal
b/d |
750 |
|
DR |
Creditor –
ZZ Ltd Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
26 |
Purchases
returns a/c |
200 |
24 |
Purchases
a/c |
1,450 |
|
30 |
Bal
c/d |
1,250 |
|
|
|
|
|
|
1,450 |
|
|
1,450 |
|
|
|
|
|
Bal
b/d |
1,250 |
|
DR |
Debtor – MM
Ltd Account |
CR |
|
May |
|
|
May |
|
|
|
9 |
Sales
a/c |
1,000 |
30 |
Bal
c/d |
1,000 |
|
|
Bal
b/d |
1,000 |
|
|
|
|
DR |
Debtor – BB
Ltd Account |
CR |
|
May |
|
€ |
May |
|
€ |
|
22 |
Sales
a/c |
1,400 |
28 |
Sales
returns a/c |
300 |
|
|
|
|
29 |
Bank
a/c |
500 |
|
|
|
|
30 |
Bal
c/d |
600 |
|
|
|
1,400 |
|
|
1,400 |
|
|
Bal
b/d |
600 |
|
|
|
|
DR |
Loan – A Dunne
- Account |
CR |
|
May |
|
|
|
|
|
|
30 |
Bal
c/d |
1,500 |
25 |
Bank
a/c |
1,500 |
|
|
|
|
|
Bal
b/d |
1,500 |
Trial balance
as at 30th May – Alan Gibson
|
Account |
DEBIT |
|
CREDIT |
|
Capital |
|
|
7,000 |
|
Bank |
|
|
1,300 |
|
Equipment |
4,400 |
|
|
|
Furniture |
3,000 |
|
|
|
Rent
payable |
1,200 |
|
|
|
Stationery |
200 |
|
|
|
Wages |
2,050 |
|
|
|
Rates |
600 |
|
|
|
Insurance |
500 |
|
|
|
Purchases |
4,450 |
|
|
|
Sales |
|
|
4,100 |
|
Purchases
returns |
|
|
200 |
|
Sales
returns |
300 |
|
|
|
Creditor
– Equip. Suppliers |
|
|
1,400 |
|
Creditor
- OF Ltd |
|
|
800 |
|
Creditor
– SS Ltd |
|
|
750 |
|
Creditor
– ZZ Ltd |
|
|
1,250 |
|
Debtor
– MM Ltd |
1,000 |
|
|
|
Debtor
– BB Ltd |
600 |
|
|
|
Loan
– A. Dunne |
|
|
1,500 |
|
|
18,300 |
|
18,300 |
|