ACCOUNTING ASSIGNMENT ONE.

LOISE WANJIRU GITAU – 22/02214

CASH A/C

Date Details Folio Amount Date Details Folio Amount

Nov.1 Capital 175,000 Nov.2 Bank C1 140,000
Nov.18 Sales 450 Nov.3 Purchases 7,500
Nov.28 A/C 10,000 Nov.12 Expense – 6,000
Payable – Salaries &
Henry(c) Wages
Nov.30 A/C
Receivabl
e– 25,000
Tinga(d)
153,500
Nov.30 Bal b/d 56,950
210,450 210,450
Dec.1 Bal c/f 56,950

CAPITAL A/C

Date Details Folio Amount Date Details Folio Amount

Nov.30 Bal b/d 175,000 Nov.1 Cash 175,000
175,000 175,000

BANK A/C

Date Details Folio Amount Date Details Folio Amount

Nov.2 Cash C1 140,000 Nov.6 Expense – 2,750
Rent.
Nov.16 A/C 30,000 Nov.15 Van 35,000
Payable – (Asset)
Henry(c)
Nov.25 A/C Nov.24 A/C
Receivable: Payable –
Pauline(d) 5,750 Philips(c) 2,250
Onyango(d 12,500 Timothy(c 2,500
) )
42,500
Nov.30 Bal b/d 145,750
188,250 188,250
Dec.1 Bal c/f 145,750

PURCHASES A/C
Date Details Folio Amount Date Details Folio Amount
Nov.3 Cash 7,500 Nov.30 Bal b/d 72,500
Nov.5 A/C
Payable-
Isaac(c) 18,000
Philips(c) 24,500
Timothy(c) 5,500
Matthew(c 17,000
)
72,500 72,500

STATIONERY EXPENSE A/C

Date Details Folio Amount Date Details Folio Amount

Nov.4 A/C 17,000 Nov.30 Bal b/d 17,000
Payable –
Nzomo.
17,000 17,000

Accounts Payable A/C

Date Details Folio Amount Date Details Folio Amount

Nov.14 Purchases Nov.4 Stationery 17,000
Returns – Expense
Timothy(c 3,000
) Philip(c) 2,000
Nov.24 Bank Nov.5 Purchases
(Philips) 2,250 Isaac(c) 18,000
(Timothy) 2,500 Philips(c) 24,500
Timothy(c) 5,500
Matthew(c 17,000
)
Nov.8 Furniture 24,000
A/C
Nov.16 Bank 30,000
Nov.28 Cash 10,000
9,750
Nov.30 Bal b/d 136,250
146,000 146,000
Dec.1 Bal c/f 136,250

EXPENSES A/C

Date Details Folio Amount Date Details Folio Amount

Nov.4 A/C 17,000 Nov.30 Bal b/d 25,750
Payable –
 Nzomo.
Nov.6 Bank 2,750
Nov.12 Cash 6,000
25,750 25,750

SALES A/C

Date Details Folio Amount Date Details Folio Amount

Nov.30 Bal b/d 90,300 Nov.7 A/C
Receivables
– Njeri(d) 4,500
Onyango(d) 7,500
Muiru(d) 9,500
Tinga(d) 8,000
Nov.18 Cash 450
Nov.21 A/C
Receivables
: Pauline(d) 5,750
Onyango(d) 50,100
Tinga(d) 4,500
90,300 90,300

Accounts Receivables A/C

Date Details Folio Amount Date Details Folio Amount

Nov.7 Sales – Nov.17 Sales
Njeri(d) 4,500 Returns –
Onyango(d 7,500 Njeri(d) 1,000
) 9,500 Muiru(d) 2,000
Muiru(d) 8,000
Tinga(d)
Nov.21 Sales – Nov.25 Bank –
Pauline(d) 5,750 (Pauline) 5,750
Onyango(d 50,100 (Onyango) 12,500
) 4,500
Tinga(d)
Nov.30 Cash 25,000
46,250
Nov.30 Bal b/d 43,600
89,850 89,850
Dec.1 Bal c/f 43,600

FURNITURE [ASSET] A/C

Date Details Folio Amount Date Details Folio Amount

Nov.8 A/C 24,000 Nov.30 Bal b/d 24,000
 Payable –
Irungu
Suppliers(c
)
24,000 24,000

PURCHASES RETURNS A/C

Date Details Folio Amount Date Details Folio Amount

Nov.30 Bal b/d 5,000 Nov.14 A/C
Payable –
Timothy(c 3,000
) 2,000
Philip(c)
5,000 5,000

VAN [ASSET] A/C

Date Details Folio Amount Date Details Folio Amount

Nov.15 Bank 35,000 Nov.30 Bal b/d 35,000
35,000 35,000

SALES RETURNS A/C

Date Details Folio Amount Date Details Folio Amount

Nov.17 A/C Nov.30 Bal b/d 3,000
Receivable
s – Njeri(d) 1,000
Muiru(d) 2,000
3,000 3,000

M.S Suppliers

TRIAL BALANCE

As at 30th November, 2018.

ACCOUNT Dr. Cr.

Cash 56,950
Capital 175,000
Bank 145,750
Purchases 72,500
A/C Payable 136,250
Expenses 25,750
Sales 90,300
A/C Receivables 43,600
 Furniture 24,000
Purchase Returns 5,000
Motor-Van 35,000
Sales Returns 3,000
TOTALS 406,550 406,550