Entry no.

Particulars
1 cash
To Bank Loan(15%)
properties capital
2 Ret Exp.
To cash A/C
3 Merchendise Inventary
To A/C Payable
4 Furnitures & Fixtures (10 years)
To cash
5 Advertising Exp.
To Cash
6 Wages Exp.
To Cash
7 Office Supplier Exp.
To Cash
8 Utilities Exp.
To Cash
9 Cash A/C
To Sale
10 A/C Receivable A/C
To Sale A/c
11 Cash A/c
To A/c Receivalbe
12 A/C Payable
To Cash A/c
13 merchendise Inventary
To A/C Payable
14 Cost of Sale
To Merchendise Inventary
15 Wage Exp.
To Cash A/c
16 Wage Exp.
To Accrued
17 prepaid rent
To Cash
18 prepaid Insurance
To Cash
19 Utility Exp.
To A/C Payable
20 F & F A/c
To Cash A/c
A/C Payable

Dr.

Amount
165,000.00

1,485.00
137,500.00
15,500.00
1,320.00
935.00
1,100.00
275.00
38,000.00
14,850.00
3,614.00
96,195.00
49,940.00
38,140.00
688.00
440.00
1,485.00
2,310.00
226.00
1760

Entary no. Particulars

Dr.
10 A/C Receivable A/C
To Sale A/c
11 Cash A/c
To A/c Receivalbe
12 A/C Payable
To Cash A/c
13 merchendise Inventary
To A/C Payable
14 Cost of Sale
To Merchendise Inventary
15 Wages Exp.
To Cash A/c
16 Wages Exp.
To Accrued Exp.
17 prepaid rent
To Cash A/C
18 prepaid Insurance
To Cash
19 Utility Exp.
To A/C Payable
20 F & F A/c
To Cash A/c
A/C Payable

Q. 4

Amount
14,850.00
3,614.00
96,195.00
49,940.00
38,140.00
688.00
440.00
1,485.00
2,310.00
226
1760

Some Out Standing Necessary Journal Enteries

21 Dep. Exp. (15,500 + 1760) /10/12
To accumulated Dep.
22 Int. On Loan Exp. (15*12)
To Int . Pay
23 Insurance Expense
To Prepaid Insurance
24 Sales A/c
To sales summary
25 Income summary
Retained Earning

144
1250
193
52,850
6654

Cr.

Amount
100,000.00
65,000.00
1,485.00
137,500.00
15,500.00
1,320.00
935.00
1,100.00
275.00
38,000.00
14,850.00
3,614.00
96,195.00
49,940.00
38,140.00
688.00
440.00
1,485.00
2,310.00
226.00
1760

Cr. Amount
14,850.00
3,614.00
96,195.00
49,940.00
38,140.00
688.00
440.00
1,485.00
2,310.00
226
660
1100

ry Journal Enteries
144
1250
193

6654

Dr.D.r
.
Particulars
To balance b/d
To Sales
To A/C Receivable
To Accured wages

Cash Account
Amount
1,65,000
38,000
3,614
440

Particulars
Rent Exp.
Furniture & fixture
F&F
Advertise Exp.
Wages Exp.
Office Exp.
Utility Exp.
A/c Payable
Wage Exp.
Accured wage exp.
Prepaid Rent
Insurance
Bal

207,054

Cr.

c/d

Amount
1,485
15,500
660
1,320
935
1,100
275
96,195
688
440
1,485
2,310
84,661
###

Cr.
Cr.
Cr.

1To Cash

Prepaid Insurance

2,310

2.
To Cash
Cash

15,500
650

14,850

4.
To Cash

Advt. Exp.

Wages Exp.

Office suppliers

1,100

8.
To Cash
To A/C

Rent Exp.

935
688
440

7.
To cash

By Cash

1,320

6.
To cash
To cash
To accured

Account receivable

1,485

5.
To cash

193

Furniture Fixture

3.
To sales

By Insurance

275
226

Utilities

3,614

P.C Depot
Income Statement For September
Expense

Amount

Wage (935+440 +688)

Advertising
Office supplier
Utilities (275+226)
Rent
Insurance
Interesent
Dep.
Net Income

2,063
1,320
1,100
501
1,485
193
1,250
144
6,654

Income
Sales
Cost of sales

52850
-38140

14,710

P.C Depot
Income Statement For September
Liabilities
Account Payable
Accured wages
Bank Loan Payable
Int. Payable
Capital
Retained Earning

Amount
92,571
440
100,000
1,250
65,000
6,654

265,915

Assets
Cash
account receivable
merchendise Inventary
Prepaid Insurance
(2310 - 193)
Prepaid Rent
F & F
17116
Dep.
-144

r
Amount
14,710

14,710

r
Amount
84,661
11,236
149,300
2,117
1,485
17,116

265,915

9.

Merchandise Inventory

To A/C Payble
A/C Payble

By Cost of sale

38,140

1,375,00
49,940

10.

Account Payble

To Cash

96,195 By Merchandise in
Merchandise inven
Utility
F& F

11.

137,500
49,940
226
1,100

Accured Wages
By Wages Exp.

12.

688

Bank Loan Payble

By Cash

13.

100,000

properitor Capital
By Cash

14.
To Cash

6,500

Prepaid Rent

1,785

15.
To Sales

Sales
52,850 By Cash
A/C

16.
To Merchendise Invt.

Cost of Salary
38,140

38,000
14,850

17.
To accured

Dep. Exp.
144

18.

Accumulate Dep.
By Dep. Expense

19.

Interest Payble
By Interest on Loan

20.
To Interest pay

144

1,250

Interest Exp.
1,250

21.
To Prepaid Earning

22.
To Prepaid Insurance

23.

Income Source
6,654 By Sales A/C

52,850

Insurance Exp.
193

Retained Earning
By Income Summary

6,654