Identifying them

1 Capital 1500000 ASSET

2 Furniture 100000 ASSET 1
3 Building 800000 ASSET
4 Sales 500000 INCOME
5 Equipments 450000 ASSET
6 Inventory 250000 ASSET 2
7 Salary paid 200000 EXPENSE
8 Office supplies 75000 EXPENSE
9 Purchase on Credit 250000 LIABILITY
10 Loan from Bank 300000 LIABILITY 3
11 Deposit to bank account 25000 ASSET
12 Interest received 3500 INCOME
13 Interest paid 2500 EXPENSE
14 Commission received 17500 INCOME 4
15 Depreciation of furniture 15000 EXPENSE
16 Rent paid 25000 EXPENSE
17 Sale on credit 12500 ASSET
18 Electricity bill 25000 EXPENSE 5
19 Depriciation of Buildings 15000 EXPENSE
20 Loan payment 50000 EXPENSE
21 Purchase discount
22 Sales Discount 6
23 Sales return
24 Purchase return

10
 Journal Entry

Dr Cr 11
Cash Account 1500000 Cash Account
Capital 1500000 Bank Account

Dr Cr 12
Cash Account 100000 Cash Account
Furniture 100000 Interest received

Dr Cr 13
Cash Account 800000 Cash Account
Building 800000 Interest paid

Dr Cr 14
Cash 500000 Cash Account
Sales 500000 Comission received

Dr Cr 15
Cash 450000 Furniture
Equipments 450000 Depriciation of furniture

Dr Cr 16
Cash Account 250000 Cash Account
Inventory 250000 Rent

Dr Cr 17
Cash Account 200000 Cash Account
Salary paid 200000 Accounts receivable

Dr Cr 18
Cash Account 75000 Cash Account
Office supplies 75000 Electricity bill

Dr Cr 19
Trade payables 250000 Building
Inventory 250000 Depriciation of Buildings

Dr Cr 20
Cash account 300000 Cash Account
Borrowings ( purchase on credit) 300000 Borrowings
 Balance sheet Profit and loss

Dr Cr Cash
25000
25000

Dr Cr
3500
3500

Dr Cr
2500
2500

Dr Cr
17500
17500

Dr Cr
15000
15000

Dr Cr
25000
25000

Dr Cr
12500
12500

Dr Cr
25000
25000

Dr Cr
15000
15000

Dr Cr
50000
50000
 Trial Balance
Dr Cr
Cash 1600000
Capital
Cash Account
Dr
Capital 1500000
Sales 500000
Bank loan 300000
Commission received 17500
3500

2321000

Dr

Borrowings
Dr
Cash (Repayment) 50000

Total
Bank Account
Dr
Cash 25000
Dr
Furniture
Dr
Cash 100000

Total
Dr
Capital Account
Dr

Building
Dr
Cash 800000
 Sales
Dr

EQUIPMENTS
Dr
Cash 450000

Inventory
Dr
Cash 250000
Purchase on credit 250000

Wages/salary paid
Dr
Cash 200000

Office supplies
Dr
Cash 75000

Trade payables
Dr

Interest received
Dr

Interest paid
Dr
Cash 2500

Commission received
Dr

Rent paid
Dr

Sale on credit (Trade receivable)

Dr
Cash 12500
 Electricity bill paid
Dr
Cash 25000
 Ledger entry
Cash Account
Cr
Land 100000
Building 800000
Equipments 450000
Inventory 250000
Salary paid 200000
Office supplies 75000
Bank Account 25000
Rent paid 25000
Electricity bill paid 25000
Borrowings 50000
2500
12500
2015000
306000

Borrowings
Cr
Cash 300000

250000 Cr
Bank Account
Cr

Furniture
Cr
Cash ( FurnitureDepreciation) 15000

85000
Capital Account
Cr
Cash 1500000
Cr
Building
Cr
Cash Depreciation 15000
Dr 785000
 Sales
Cr
Cash 500000

EQUIPMENTS
Cr

Inventory
Cr

500000

Wages/salary paid
Cr

Office supplies
Cr

Trade payables
Cr
Inventory 250000

Interest received
Cr
Cash 3500

Interest paid
Cr

Commission received
Cr
Cash 17500

Rent paid
Cr
Cash 25000

Sale on credit (Trade receivable)

Cr
Electricity bill paid
Cr
 Dr Cr
Cash Account
Borrowings
bank Account
Furniture
Capital
Buildings
Sales
Equipments
Inventory
Salary
Office supply
Trade payables
Interest received
Interest paid
Commission received
Rent paid
Trade receivables
Electricity bill
 Balance Sheet
Assets
Cash 306000
Furniture 85000
Building 785000
Equipments 450000
Inventory 500000
Trade receivable 12500
Bank Account 25000
Depreciation Buidling 15000
Depreciation Furniture 15000
2193500
Balance Sheet Balance sheet
Liabilities Assets Liabilities
Capital 1500000
Borrowings 250000
Trade payables 250000
Retained earnings 193500

2193500
Income Expense
521000 327500
193500