Homework Answers
CASH ACCOUNT
---------------------------------------------------------------------------------------------------------------------------
DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
----------------------------------------------------------------------------------------------------------------------------
June 2. Service revenue 65,700 June 1. Office supplies 12,000
June 5. Accounts receivable 4,000 June 3.Rent 9,500
June 11. Accounts Receivable 12,000 June 6.Salaries 18,400
June 12. Service revenue 36,400 June 7. Telephone bill 1,080
June 30. Balance c/d 77,120
--------------- ----------------
118,100 118,100
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ACCOUNTS RECEIVABLE
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DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
-----------------------------------------------------------------------------------------------------------------------
June 4. Service Revenue 16,000 June 5. Cash 4,000
June 8. Service Revenue 12,000 June 11. Cash 12,000
June 30. Balance c/d 12,000
---------------- ----------------
28,000 28,000
---------------- -----------------
SERVICE REVENUE
----------------------------------------------------------------------------------------------------------------------
DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
----------------------------------------------------------------------------------------------------------------------------
June 2.Cash 65,700
June 4. Accounts receivable 16,000
June 8.Accounts receivable 12,000
June 30. Balance c/d 130,100 June 12.Cash 36,400
--------------- -----------------
130,100 130,100
--------------- --------------------
OFFICE SUPPLIES
---------------------------------------------------------------------------------------------------------------------------
DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
----------------------------------------------------------------------------------------------------------------------------
June 1. Cash 12,000
June 9. Accounts payable 4,400 June 30. Balance c/d 16,400
----------- ---------------
16,400 16,400
-------------- ----------------
SALARIES
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DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
----------------------------------------------------------------------------------------------------------------------------
June 6. Cash 18,400
June 10. Cash 18,400 June 30. Balance c/d 36,800
--------------- ----------------
36,800 36,800
----------------- --------------
TELEPHONE BILL
-------------------------------------------------------------------------------------------------------------------------
DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
----------------------------------------------------------------------------------------------------------------------------
June 7. Cash 1,080
June 30. Balance c/d 1,080
---------------- -----------------
1,080 1,080
---------------- -------------------
RENT
--------------------------------------------------------------------------------------------------------------------
DEBIT CREDIT
Particulars Amount ($) Particulars Amount ($)
----------------------------------------------------------------------------------------------------------------------------
June 3. Cash 9,500
June 30. Balance c/d 9,500
---------------- ----------------
9,500 9,500
------------------- -------------
CALCULATION OF CASH SPENT:
June 1. Purchsed Office supplies $12,000
June 3. Current month rent $9,500
June 6. Paid salaries $18,400
June 7. Paid Telephone bill $1,080
June 10. Paid Salaries $18,400
--------------
CASH SPENT $ 59,380
---------------
Add Answer to:
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