Question

Oriol Lid. had the following opening account balances at uly 31: Cash $4.500 Accounts Receivable $2,000, Equipment $2.500: Accounts Payable $1.500, Common Shares $2.000 and Retained Earrings $5.500. Oriole's general journal for the month of August is presented here Credit Date Aug 2 1.800 10 1900 2500 14 GENERAL JOURNAL Account Titles Debit Cash 1.800 Service Revende Equipment 5.000 Canh Bank Loan Payabile Accounts Receive 1.550 Service Revenge Canh 700 Deferred Reven Cash Account Receive Sales Expense 2.000 Cash Dividends Declared 500 Cath 1.550 16 700 28 0 30 2.000 31 500 b) Using accounts, enter the opening hos Suly 31, pot the journal entries to the general ledger and determine the ending balance in each accountants and presented in the wat Highlight All Match Case Match Dacritics Whole Words More than 1000 matches do ENG Type here to search

Answer 1

solution :- cach A/C Date Amount 31 July particulars Amount Date particulars To Balance. b/d 1500 10 Aug By equipment 7.nugo sevice. Reverxe Q000 | 30-ng| By saberec 16 Aug] to Difered Reverre Too | 31 Aug | By Dividende 28 nug) 70 Accounts Recei 311g By balance cld 3600 1800 DO. 600 Vah 176ool 7600 Accounts Receivables Ale Date Amount Date Amount 600 Particular particular 31 July To balance b/d 2000 Q8 Aug By cash 4 Aug | To service Revenue 1550 31 Aug By balance % 2950 3550 3550 Equipment Ale Date Amount Date particulars Amount Particular 31 Tuy To balance bld 2500 31 Aug| By balance. / 7500. to Aug TO cash TO Bank loan 1500 3510 700 17500

Date Accounts payable fle Lamt particulari Jug By balance bld 1500 31 Aug To Balance old 1500 particulos Date Amoud 31 31 7 16 1500 1500 26 Common shares Date particulars Amt Date 31 July By balance 64 2000 31 Ang To Balance od 2000 particulars Amount . 20001 Q000 Retained Calnings A/C ime Date.) particular Amt. Date Particulars Amount 31 1 Aug To Balance 5550 balance blo 5500 Lorald 5 500 5500 PRO RA