| |
Solution 7.5
Part A
Cash Book
|
|
VAT
€ |
Cash
€ |
Bank
€ |
|
VAT
€ |
Cash
€ |
Bank
€ |
|
Sales
Balance c/d |
1,050 |
|
6,050
2,928 |
Sun-beds
Telephone
ESB
Insurance
Purchases
Advertising |
420
63
27
105
63 |
|
2,420
363
227
5,000
605
363 |
|
|
1,050 |
|
8,978 |
|
678 |
|
8,978 |
Part B
Sales Account
|
|
€ |
|
€ |
|
Balance c/d |
5,000 |
Bank a/c |
5,000 |
|
|
5,000 |
|
5,000 |
VAT Account
|
|
€ |
|
€ |
|
Bank a/c
Balance c/d |
678
_372 |
Bank a/c |
1,050
____ |
|
|
1,050 |
|
1,050 |
Purchases Account
|
|
€ |
|
€ |
|
Bank a/c |
500 |
Balance c/d |
500 |
|
|
500 |
|
500 |
Equipment Account
|
|
€ |
|
€ |
|
Bank a/c |
2,000 |
Balance c/d |
2,000 |
|
|
2,000 |
|
2,000 |
Telephone Account
|
|
€ |
|
€ |
|
Bank a/c |
300 |
Balance c/d |
300 |
|
|
300 |
|
300 |
Electricity Account
|
|
€ |
|
€ |
|
Bank a/c |
200 |
Balance c/d |
200 |
|
|
200 |
|
200 |
Insurance Account
|
|
€ |
|
€ |
|
Bank a/c |
5,000 |
Balance c/d |
5,000 |
|
|
5,000 |
|
5,000 |
Advertising Account
|
|
€ |
|
€ |
|
Bank a/c |
300 |
Balance c/d |
300 |
|
|
300 |
|
300 |
Part C
Trial Balance
|
|
Dr
€ |
|
Cr
€ |
|
Bank |
|
|
2,928 |
|
Sales |
|
|
5,000 |
|
VAT |
|
|
372 |
|
Purchases |
500 |
|
|
|
Equipment |
2,000 |
|
|
|
Telephone |
300 |
|
|
|
Electricity |
200 |
|
|
|
Advertising |
300 |
|
|
|
Insurance |
5,000 |
|
|
|
|
8,300 |
|
8,300 |
|