Business Accounting: Journal Entries, Ledgers, Trial Balance

Business accounting

TABLE OF CONTENTS
1.1...............................................................................................................................................3
1.2...............................................................................................................................................3
Journal entries........................................................................................................................3
Ledgers...................................................................................................................................6
1.3...............................................................................................................................................7

1.1
Trial Balance of Catherine Horton as on 31/12/2018
Sr
No Name of Account DR./
Cr. Debit Credit
1 Premises DR. £
340,000.00
2 Van Dr. £
51,250.00
3 Fixtures Dr. £
8,100.00
4 Inventory Dr. £
63,900.00
5 P Mullen Dr. £
1,400.00
6 F Lane Dr. £
3,100.00
7 Cash at Bank Dr. £
62,400.00
8 Cash in Hand Dr. £
5,600.00
9 S. Hood Cr. £
2,150.00
10 J. Brown Cr. £
4,600.00
11 Owner's Capital
(B/F) Cr. £
529,000.00
Total £
535,750.00
£
535,750.00
1.2
Journal entries
Journal of Catherine Horton for the month of January
Date Particulars Debit Credit
01-Jan Storage Cost Dr £ 400.00
To Cash at Bank £ 400.00
02-Jan Purchase Dr £ 6,080.00
To S. Hood £ 1,450.00
To D. Main £ 2,060.00
To W. Tone £ 960.00
R. Foot £ 1,610.00

03-Jan J Wilson Dr £ 1,120.00
T Cole Dr £ 1,640.00
F Syme Dr £ 2,080.00
J Allen Dr £ 910.00
P White Dr £ 2,420.00
F Lane Dr £ 770.00
To Sales £ 8,940.00
04-Jan Motor Exp. Dr £ 470.00
To Cash £ 470.00
07-Jan Drawings Dr. £ 1,500.00
To Cash £ 1,500.00
09-Jan T Cole Dr. £ 680.00
J Fox Dr. £ 1,310.00
To Sales £ 1,990.00
11-Jan Sales Return Dr £ 680.00
To J Wilson £ 270.00
To F Syme £ 410.00
14-Jan Van Dr. £ 28,500.00
To Abel Motors £ 28,500.00
16-Jan Bank Dr. £ 6,669.00
Discount Allowed Dr. £ 351.00
To P Mullen £ 1,400.00
To F Lane £ 3,100.00
To J Wilson £ 850.00
To F Syme £ 1,670.00
19-Jan R. Foot Dr. £ 50.00
To Purchase Return £ 50.00
22-Jan Purchase Dr. £ 3,740.00
To L Mole £ 1,830.00
To W Wright £ 1,910.00
24-Jan S. Hood Dr £ 3,600.00
J Brown Dr £ 4,600.00
R Foot Dr £ 1,400.00
To Bank £ 8,640.00
To Discount Received £ 960.00
27-Jan Salary Dr £ 4,800.00