Assignment on Accounting Ledger accounts

Date

Particulars

l/f

Debit $

Credit $

Jan 1

Cash account

       To capital account

(business started with cash)

A

5000

5000

Jan 2

Prepaid rent

       To cash account

(Advance rent paid for 3 months)

A

36000

36000

Jan 3

Equipment account

Interest account

        To cash account

        To note payable 

(equipment purchased but half payment made in future with 9% interest)

A

80000

1800

60000

21800

Jan 4

Office supplies

        To accounts payable

(office supplies purchased on account)

17600

17600

Jan 13

Cash account

        Services account

(services rendered for cash)

A

28500

28500

Jan 13

Accounts payable

        To cash account

(paid cash to accounts payable)

A

17600

17600

Jan 14

Wages

       To Cash account

(wages paid to workers)

A

19100

19100

Jan 18

Cash account

Account receivable

        Services account

(services rendered on account and cash as well)

A

32900

21200

54100

Jan 23

Cash account

       To account receivable

(cash received)

A

15300

15300

Jan 25

Advance payment

        Customer’s account

(advance payment received)

4000

4000

Jan 26

Office supplies

        To cash account

(office supplies purchased for cash)

A

5200

5200

Jan 28

Wages account

         Cash account

(wages paid)

A

19100

19100

Jan 31

Electricity account

Telephone bill account

       To Cash account

(utility bills paid)

A

2470

1494

3964

Particulars

Amount

Particulars

Amount

capital account

5000

Prepaid rent

36000

Services account

28500

Equipment

60000

 Services account

32900

Accounts payable

17600

account receivable

15300

Wages

19100

Wages account

19100

Office supplies

5200

Electricity account

2470

Balance

41064

Telephone bill

1494

141864

141864

Particulars

Amount

Particulars

Amount

Balance

5000

Cash account

5000

5000

5000