Accounting Assignment: Questions Answers

Accounting

TABLE OF CONTENTS
QUESTION 1..................................................................................................................................1
A. Journal entries.........................................................................................................................1
B. T account.................................................................................................................................1
C. Trial Balance...........................................................................................................................4
QUESTION 2..................................................................................................................................5
QUESTION 3..................................................................................................................................7

QUESTION 1
A. Journal entries
S.
NO. Date Particular
L.F
. Debit
Credi
t
a 1-Aug Cash a/c Dr.
28000
0
To capital stock a/c
28000
0
b 4-Aug Land a/c Dr. 60000
Building a/c Dr.
34000
0
To cash a/c 80000
To Notes payable
32000
0
c 9-Aug Medical instrument a/c Dr. 75000
To cash a/c 75000
d 16-Aug
Office fixtures and equipments a/c
Dr. 25000
To cash a/c 10000
To Notes payable 15000
e 21-Aug Office supplies a/c Dr. 4200
To cash a/c 4200
f 24-Aug Cash a/c Dr. 1000
Accounts recievable a/c Dr. 12000
To service revenue a/c 13000
g 27-Aug Advertisement expense a/c Dr. 450
To accounts payable
a/c 450
h 28-Aug Cash a/c Dr. 12000
To accounts recievable a/c 12000
i 31-Aug Salary a/c Dr. 2200
To cash a/c 2200
Total
8118
50
8118
50
B. T account
Cash a/c