Journal Entries 1st YR

Date Particulars Bank Capital Office Equipment Bank Office Furniture Bank Internet Services Bank Drawings Bank Depreciation Office Equipment Office Furniture Electricity Bank Drawings Bank Transportation Bank Prepaid Bank Rent Bank Drawings Bank Drawings bank Stationary & Supplies Bank 20160 20160 630 630 1945 1945 L.F. Dr. 30,000 30,000 6,000 6,000 1600 1600 660 660 1980 1980 2400 2000 400 264 264 1056 1056 1784 1784 925 925 5040 5040 Cr.

Bank Charges Bank Commission Bank Bank Sales Account Reciveable Sales Adjusting entries Unearned Sales Revenue Sales Revenue Acrued Electricity Expense Electricity Payable

643 643 8628 8628 28760 28760 15450 15450

3124 3124 230 230

Journal Entries 2ND YR

Date Particulars Bank Capital Internet Services Bank Drawings Bank Depreciation Office Equipment Office Furniture Electricity Bank Drawings Bank Transportation Bank Prepaid Bank Rent Bank Drawings Bank Drawings bank Stationary & Supplies Bank Bank Charges Bank Commission Bank 20160 20160 760 760 2416 2416 875 875 11741 11741 L.F. Dr. 15,000 15,000 660 660 1980 1980 2400 2000 400 314 314 1254 1254 2245 2245 1345 1345 5040 5040 Cr.

Account Reciveable Sales Adjusting entries Unearned Sales Revenue Sales Revenue Acrued Electricity Expense Electricity Payable

23175 23175

2794 2794 256 256

Particulars Capital Sales Unearned servive revenue

Ledger 1st yr BANK Dr. Particulars 30000 commission 28760 office equipment 3124 office furniture internet expenses drawings electricity drawings transportation communication rent drawings drawings stationary bank charges 61884

Cr. 8628 6000 1600 660 1980 264 1056 1784 925 5040 630 20160 1945 643 51315

Particulars

Dr.

CAPITAL Particulars Bank

Cr. 30000 30000

Particulars bank

Office Equipment Dr. Particulars 6000 depriceation 6000

Cr. 2000 2000

Particulars bank

office furniture Dr. Particulars 1600 depriceation 1600

Cr. 400 400

Particulars bank

internet expenditure Dr. Particulars 660

Cr.

660 drawings Dr. Particulars 1980 1056 20160 630 23826

Particulars bank bank bank bank

Cr.

Particulars office equipment office furniture

Dr.

deprecation Particulars 2000 400 2400

Cr.

Particulars bank

electricity expenditure Dr. Particulars 264 264

Cr.

Particulars bank

transportation Dr. Particulars 1784 1784 communication Dr. Particulars 925 925

Cr.

Particulars bank

Cr.

Particulars bank

Dr.

rent Particulars 5040 5040 stationary Particulars

Cr.

Particulars

Dr.

Cr.

bank

1945 1945 bank charges Particulars 643 643 0

Particulars bank

Dr.

Cr.

Particulars bank

Dr.

commission Particulars 8628 8628

Cr.

Particulars

Dr.

sales Particulars bank account reciveable Unearned service revenue 0

Cr. 28760 15450 3124 47334

Particulars sales

Account reciaveable Dr. Particulars 15450 15450 Account reciaveable Dr. Particulars 15450 15450 Unearned service revenue Dr. Particulars 3124 Bank 3124

Cr.

Particulars sales

Cr.

Particulars Sales

Cr. 3124 3124

Particulars Capital Sales Unearned servive revenue

Ledger 2nd yr BANK Dr. Particulars 15000 commission 39137 internet expenses 2794 drawings electricity drawings transportation communication rent drawings drawings stationary bank charges

10569

56931

Particulars

Dr.

CAPITAL Particulars Bank

Particulars

Dr.

Office Equipment Particulars depriceation 0

Particulars

Dr.

office furniture Particulars depriceation 0

Particulars bank

Dr.

internet expenditure Particulars 660

660 drawings Particulars 1980 1254 20160 760 24154

Particulars bank bank bank bank

Dr.

Particulars office equipment office furniture

Dr.

deprecation Particulars 2000 400 2400

Particulars bank

electricity expenditure Dr. Particulars 264 264

Particulars bank

Dr.

transportation Particulars 1784 1784 communication Particulars 1345 1345

Particulars bank

Dr.

Particulars bank

Dr. 5040 5040

rent Particulars

Particulars

Dr.

stationary Particulars

bank

2416 2416 bank charges Particulars 875 875

Particulars bank

Dr.

Particulars bank

Dr.

commission Particulars 11741 11741

Particulars

Dr.

sales Particulars bank account reciveable Unearned service revenue 0 Account reciaveable Particulars sales 0

Particulars

Dr.

Particulars Sales

Unearned service revenue Dr. Particulars 2794 Bank 2794

Cr. 11741 660 1980 314 1254 2245 1345 5040 20160 760 2416 875

48790

Cr. 15000 15000

Cr. 2000 2000

Cr. 400 400

Cr.

Cr.

Cr.

Cr.

Cr.

Cr.

Cr.

Cr.

Cr.

Cr.

Cr. 39137 23175 2794 65106

Cr. 23175 23175

Cr. 2794 2794

TRIAL BALANCE 2007 Particulars Expense Payable Bank Capital Office Equipment Furniture Net Expense Drawing Depreciation Electricity Transportaion Communication Rent Stationary Bank Charges Commission Sales Account Receable Dr. Cr. 230 10569 30000 4000 1200 660 23826 2400 494 1784 925 5040 1945 643 8628 47334 15450 77564 77564

TRIAL BALANCE 2008 Particulars Expense Payable Bank Capital Office Equipment Furniture Net Expense Drawing Depreciation Electricity Transportaion Communication Rent Stationary Bank Charges Commission Sales Account Receable Dr. Cr. 256 8141 15000 2000 400 660 24154 2400 570 2245 1345 5040 2416 875 11741 65106 23175 82762 82762

Income Statement 2007 Revenue: Expenses: Internet Expense Electricity Revenue: Expenses: Internet Expense Electricity

Income Statement 2008

Depreciation Expense Transportation

Communication Rent Stationary Bank Charges Commission Total expense Net Loss

660 494 2,400 1,784 925 5,040 1,945 643 8,628 -22,519 -22,519

Depreciation Expense Transportation

Communication Rent Stationary Bank Charges Commission Total expense Net Loss

Statement of Owner Equity 2007 Opnening Balance Net Loss Less: Drawings Owner Equity Closing Bal

30,000 -22,519 7,481 -23,826 -16,345

Statement of Owner Equity 2008 Opnening Balance Add: Investment Net Loss Less: Drawings Owner Equity Closing Bal

ome Statement 2008

660 570 2,400 2,245 1,345 5,040 2,416 875 11,741 -27,292 -27,292

nt of Owner Equity 2008 30,000 15000 -27,292 17,708 -24154 -6,446

Balance Sheet 2007 1) a) b) c) d) e) Assets Bank Office Equipment Furniture Account Receviable Merchandise TOTAL 2) a) b) c) 3) a) Liabilites Expense Payable Unearned Services Capital Less: Drawing TOTAL Amount 230 3124 30000 -23826 33354 Amount 10569 4000 1200 15450 2100 33319 2) a) b) c) 3) a) 1) a) b) c) d) e) f)

Balan 2

Balance Sheet 2008 Assets Bank Office Equipment Furniture Account Receviable Merchandise office supplies TOTAL Liabilites Expense Payable Unearned Services Capital Less: Drawing TOTAL Amount 8141 2000 400 23175 3200 320 37236 Amount 256 2794 30000 -24154 33050