Accounting Fundamental: Journal Entries, T-Accounts, Trail Balance

Running head: ACCOUNTING FUNDAMENTAL
Accounting Fundamental
Name of the Student
Name of the University
Authors Note
Course ID

1ACCOUNTING FUNDAMENTAL
Table of Contents
Journal Entries:...........................................................................................................................2
T-Accounts:................................................................................................................................4
Trail Balance:.............................................................................................................................8
Bibliography:............................................................................................................................10

2ACCOUNTING FUNDAMENTAL
Journal Entries:
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

3ACCOUNTING FUNDAMENTAL
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