ACC506-Preparing An Unadjusted Trial Balance For Techworks

In the Books of TechWorks

Journal Entries

Date

Particulars

Amount ($)

Amount ($)

01-May

Accounts Receivables A/c…………………Dr

9000

To Sales A/c

9000

(Being goods bills issued to supplier)

02-May

Purchase A/c ……………….Dr

140

To Accounts Payable A/c

140

(Being purchase of supplies on account)

03-May

Furniture A/c……………………………Dr

1200

Carriage A/c………………………..……Dr

150

To Cash……………A/c

1350

(Being furniture purchase on cash and paid for transportation)

04-May

Advertising A/C………………….Dr

4000

To Accounts Payable ……………..A/c

4000

(Being invoice received from Australia Daily)

05-May

Purchase A/c ……………………..Dr

12466

To Accounts Payable …………………A/c

12466

(Being keyboards and flash drive purchased from ICT on account)

06-May

Cash A/c …………………………Dr

17700

To Sales ……………….A/c

17700

(Being keyboards and flash drive sold in cash)

08-May

Cash A/c……………………………………………Dr

9000

To Accounts Receivables ……..A/c

9000

(Being cash received)

10-May

Rent A/C …………………………..Dr

500

To Cash ……………………..A/c

500

(Being rent paid)

12-May

Accounts Payable A/C…………………….Dr

2000

To Cash ………………………A/c

2000

(Being accounts payable paid off)

14-May

Cash A/C ……………………………..Dr

3500

To Investment Securities………………..A/c

3500

(Being investment security sold @14 per security)

17-May

Salaries A/C……………………….Dr

750

To Cash …………….. A/C

750

(Being salary paid to Chris)

19-May

Salaries Expense A/c……………..Dr

100

To Salaries Payable ……..A/c

100

(Being salaries payable paid off)

20-May

Salaries A/C……………………….Dr

4000

To Cash …………….. A/C

4000

(Being salary paid to Leon and Nancy)

22-May

Bank Loan A/c………………..Dr

3000

To Cash …………………A/c

3000

(Being bank loans paid)

22-May

Interest Payable A/C……………….Dr

45

To Cash …………………..A/c

45

(Being interest paid)

25-May

Accounts Payable A/C………………..Dr

4000

To Cash ……………………A/c

4000

28-May

Accounts payable A/c…………Dr

12466

To Discount Received ………..A/c

230

To Cash……………………….A/c

12236

(Being full payment made to ICT and received discount)

Accounts receivable Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

01-May

To Sales A/c

9000

08-May

By Cash A/c

9000

9000

9000

Sales Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

To Balance C/d

26700

01-May

By Accounts Receivable A/c

9000

06-May

By Cash A/c

17700

26700

26700

Purchase Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

02-May

To Accounts Payable A/c

140

By Balance C/d

12606

05-May

To Accounts Payable A/c

12466

12606

12606

12606

Accounts Payable Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

12-May

To Cash A/c

2000

02-May

By Purchase A/c

140

25-May

To Cash A/c

4000

04-May

By Addvertising A/c

4000

28-May

To Cash A/c

12236

05-May

By Purchase A/c

12466

By Balance C/d

1630

18236

18236

1630

Furniture Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

03-May

To Cash A/c

1200

By Balance C/d

1200

1200

1200

Carriage Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

03-May

To Cash A/c

150

By Balance C/d

150

150

150

Cash Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

06-May

To Sales A/c

17700

03-May

By Furniture A/C

1200

08-May

To Accounts Receivable A/c

9000

03-May

By Carriage A/c

150

10-May

By Rent A/c

500

12-May

By Accounts Payable A/c

2000

14-May

By Investment A/c

3500

17-May

By Salaries A/C

750

20-May

By Salaries A/c

4000

22-May

By Bank Loans A/c

3000

22-May

By Interest Payable A/c

45

25-May

By Accounts Payable A/c

4000

By Balance C/d

7555

26700

26700

Advertising Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

04-May

To Accounts Payable A/c

4000

By Balance C/d

4000

4000

4000

Rent Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

10-May

To Cash A/c

500

By Balance C/d

500

500

500

Investments Securities Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

14-May

To Cash A/C

3500

By Balance C/d

3500

3500

3500

Salaries Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

17-May

To Cash A/C

750

By Balance C/d

4750

20-May

To Cash A/C

4000

4750

4750

Salaries Expense Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

19-May

To Salaries Payable A/c

100

By Balance C/d

100

100

100

Bank Loan Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

22-May

To Cash A/c

3000

By Balance C/d

3000

3000

3000

Salaries Payable Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

To Balance C/d

100

19-May

By salaries Expense A/c

100

100

100

Interest Payable Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

22-May

To Cash

45

By Balance C/d

45

45

45

Discount Received Accounts

Dr

Cr

Date

Particulars

Amount ($)

Date

Particulars

Amount ($)

To Balance C/d

230

28-May

By Accounts Payable A/c

230

230

230

In The Books Of Tech works

Trial Balance as on…

Dr

Cr

Ledger Balances

Amount ($)

Amount ($)

Sales A/c

26700

Purchase A/c

12606

Accounts Payable A/c

1630

Furniture A/c

1200

Carriage A/c

150

Cash A/c

7555

Advertisement

4000

Rent A/c

500

Investment Securities

3500

Salaries A/c

4750

Salaries Expenses A/c

100

Bank Loans A/c

3000

Salaries Payable A/c

100

Interest Payable A/c

45

Discount Received A/c

230

Retained Earnings

4544

35305

35305