[Disha2348]

2002
Aug 1 Commenced operations by contributing the following assets and liabilities:
Cash at bank $4000; Stock $2800; Motor vehicle $8900; Loan from Pacific Bank
$5000.
3 Purchased goods on credit from Wencong $7500.
7 Cash Sales paid directly into bank $2600.
10 Returned soiled goods worth $550 to Wencong.
13 Sold goods on credit to Aziz $3400.
15 Withdrew goods worth $230 for family use.
20 Paid for transport expenses mby Cheque $380.
23 Paid Wages by cheque $900.
25 Cash Sales (banked) $750.
28 Received cheque $1200 from Aziz for part payment of account.
30 Paid Wencong cheque $3000 on account.
31 Closing stock was valued at $5100.

You are required to:
a. Prepare the Trial Balance as at 31 August 2002.
b. Prepare the Trading and Profit and Loss Account for month ended 31 August 2002.
c. Prepare the Balance Sheet as at 31 August 2002.

[Disha2348]

2002
Aug 1 Commenced operations by contributing the following assets and liabilities:
Cash at bank $4000; Stock $2800; Motor vehicle $8900; Loan from Pacific Bank
$5000.
3 Purchased goods on credit from Wencong $7500.
7 Cash Sales paid directly into bank $2600.
10 Returned soiled goods worth $550 to Wencong.
13 Sold goods on credit to Aziz $3400.
15 Withdrew goods worth $230 for family use.
20 Paid for transport expenses mby Cheque $380.
23 Paid Wages by cheque $900.
25 Cash Sales (banked) $750.
28 Received cheque $1200 from Aziz for part payment of account.
30 Paid Wencong cheque $3000 on account.
31 Closing stock was valued at $5100.

You are required to:
a. Prepare the Trial Balance as at 31 August 2002.
b. Prepare the Trading and Profit and Loss Account for month ended 31 August 2002.
c. Prepare the Balance Sheet as at 31 August 2002.

[pready]

First you need to post your entries.

Then you need to get the balances in your accounts.

After that you can do your trial balance.