[delhidude]

I Have made the Journal Entries and post them into ledger, make a correction if found anything wrong and help me out how to tally the trial balance of the following transaction.

Rajaram quit his job and started woodcraft comopany ( Service Firm) The transactions of the business for September are as follows.

Sep 1 Began Business by investing cash Rs 10000 in exchange of 1000 shares
Sep 4 Paid two month Rent in advance for a shop Rs 2000
Sep 5 Bought Equipment for cash Rs 1200
Sep 7 Bought Supplies on Credit Of Rs700
Sep 10 Recd For remodelling a Kitchen Rs 8600 ( Revenue From Service)
Sep 14 Paid for Advertisement that appeard in local newspaper Rs 1400
Sep 17 Recd for Furnishing an office room 11.200 ( revennue from service)
Sep 23 Billed customers for work done other than cash Terms Rs 13.100
Sep 25 Piad wages to assistant Rs 1500
Sep 28 Paid electricity charges Rs 240
Sep 29 Recd part payment from custoerms Billed on 23 Sep Rs 4,800
Sep 30 Declared and paid a dividend Rs 2500

I Have made the Necessary journals Entries and post them into ledgers . Make a correction if there is any misatake and help me out how to tally the trial balance



Journal Entries



Date Particulars L.F. Amount Amount
DR. CR.
20XX
Sep 1st Cash A/c Dr. 10,000 To Share Purchase A/c 10,000
(Being Business Commence with Rs 10000)

Sep 4th Prepaid Rent A/c Dr. 2,000
To Cash A/c 2,000
(Being Advance Rent Paid In Cash)

Sep 5th Equipment A/c 1,200
To Cash A/c 1,200
(Being Equipment Bought for Cash )

Sep 7th Supplies A/c Dr. 700
To Creditors A/c 700
(Being Suppleis Bought for Credit)

Sep 10th Cash A/c Dr. 8,600
To Other Income A/c 8600
(Being Cash Received for Income from other Services)

Sep 14th Advertisement A/c Dr. 1,400
To Cash A/c 1,400
(Being Cash Paid for Advertisement)

Sep 17th Cash A/c Dr. 11,200
To Income from Business A/c 11,200 (Being Cash Received for Business Income)

Sep 23rd Job Work A/c Dr. 13,100
To Creditors A/c 13,100
(Being Bill Due on A/c of Work done)

Sep 25th Wages A/c Dr. 1,500 To Cash A/c 1,500
(Being Cash Paid for wages)

Sep 28th Electricity A/c Dr. 240
To Cash A/c 240
(Being Cash paid for Electricity)

Sep 29th Cash A/c Dr. 4,800
To Creditors A/c 4,800
(Being Part Payment Received from Customer)

Sep 30 Dividend A/c Dr. 2,500
To Cash A/c 2,500
(Being Cash Paid for Dividend)


TOTAL 57240 57240




Ledgers Accounts

Share Purchase Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-30 To balance C/d 10,000 Sep-01 By Cash A/c 10,000

10,000 10,000

Oct-01 By Balance B/d 10,000


Prepaid Rent Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-04 To Cash A/c 2,000 Sep-30 By Balance c/d 2,000

2,000 2,000

Oct-01 To Balance B/d 2,000



Equipment Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-05 To Cash A/c 1,200 Sep-30 By Balance c/d 1,200

2,000 2,000

Oct-01 To Balance B/d 1,200


Supplies Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-07 To Cash A/c 700 Sep-30 By Balance c/d 700

700 700

Oct-01 To Balance B/d 700



Advertisement Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-14 To Cash A/c 1,400 Sep-30 By Balance c/d 1,400

1,400 1,400

Oct-01 To Bal. b/d 1,400


Job Work Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-23 To Creditors A/c 13,100 Sep-30 By Balance c/d 13,100

13,100 13,100
To Balance B/d
Oct-01 13,100

Wages Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-25 To Cash A/c 1,500 Sep-30 By Balance c/d 1,500

1,500 1,500

Oct-01 To Balance B/d 1,500

Electricity Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-28 To Cash A/c 240 Sep-30 By Balance c/d 240

240 240

Oct-01 To Balance B/d 240


Dividend Account
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-30 To Cash A/c 2,500 Sep-30 By Balance c/d 2,500

2,500 2,500

Oct-01 To Balance B/d 2,500


Income From Service (Business)
Dr. Cr.
20XX Rs. 20XX Rs.
Sep-10 To Balance C/d 8,600 Sep-30 By Cash A/c 8,600

8,600 8,600

Oct-01 To Balance B/d 8,600

[morgaine300]

This was responded to over here:
https://www.askmehelpdesk.com/accoun...rs-416376.html

Please keep the same problem in the same place. I can also tell by just glancing at this post that you have ignored everything I told you on the other post. If you want someone to help you, you have to pay attention to the responses.