BOOKS OF ACCOUNT Essay Example

Books Of Account

Elmer Mining Consultants

General Journal Entries

Particulars

Amount in $

Amount in $

Owner offers vehicle: 3000, cash 50000 to start business

Paid three months rent in advance $12 000

Equipment

A/C payable-Bizness Supplies

Bought office equipment $18 000 on credit

Banked fees for services provided $750.

Office Furniture

A/C payable- Comfit Furnishings

Bought Office Furniture $8 500, paid $2 500, Bal on Credit.

Insurance

Paid insurance premium $4 800

Stationary

Bought Stationary $250

Banked fees for services provided $750.

Computer

Owner contributes compute of $1 600 to business

A/C receivable-Hill 50 Gold

service to Hill 50 Gold on credit $2 550

A/C payable-Top Motors

Vehicle repaired on credit by Top Motors $625

Advertisement

Paid for TV advertizing $1 750

A/C payable-Comfit Furnishing

Paid Comfit $5 500 as full settlement of debt

Office expenses

Paid $275 for general office expenses

Banked fees for services $850

Drawings-equipment

Equipment

Owner withdraws equipment $500

Paid wages to assistant $1 850.

Investment A/C-NBA Bank

Put $10 000 cash to an Investment account

A/C Receivables-Swick Drilling Co.

Invoiced Swick Drilling Co. $1 800 for services

A/C Payables-Bizness Supplies

Paid $4 000 owing to Bizness Supplies

Banked fees $1 250

Elmer Mining Consultancy

General Ledger Accounts

Capital A/c

Particulars

Particular

Computer

Vehicle A/C

Particulars

Particular

Particulars

Particulars

Office Rent

Office Furniture

Insurance

Stationary

Advertisement

Comfit Furnishing

Office Expenses

Investment A/C-NBA Bank

Bizzness Suppliess

Office Rent A/C

Particulars

Particulars

Office Equipment A/C

Particulars

Particulars

Bizness Supplies

Drawings

Bizzness Supplies A/C

Particulars

Particulars

Office Equipment

Sales A/C

Particulars

Particulars

Hill 50 Gold A/C

Swick Drilling Co.

Particulars

Particulars

Office Furniture A/C

Particulars

Particulars

Comfit Furnishings

Comfit Furnishings A/C

Particulars

Particulars

Office Furnitue

Discount

Discount A/C

Particulars

Particulars

Comfit Furnishings A/C

Insurance A/C

Particulars

Particulars

Stationery A/C

Particulars

Particulars

Computer A/C

Particulars

Particulars

Hill 50 Gold A/C

Particulars

Particulars

Repairs A/C

Particulars

Particulars

Top Motors

Top Motors A/C

Particulars

Particulars

Advertisement A/C

Particulars

Particular

Office Expenses A/C

Particulars

Particulars

Drawings A/C

Particulars

Particulars

Office Equipment

Wages A/C

Particulars

Particulars

Investment A/C-NBA Bank

Particulars

Particulars

Swick Drilling Co.

Particulars

Particulars

Elmer Mining Consultancy

Trial Balance As At 30 November 2015

Account Title

Office Equipment

Office Furniture

Bizzness Supplies

Office Expenses

Office Rent

Comfit Furnishings

Insurance

Stationary

Computer

Hill 50 Gold

Top Motors

Advertisement

Drawings

Investment A/C-NBA Bank

Swick Drilling Co.

Discount