ASSIGNMENT 2

Journal Entry & Ledger Posting

Amlan Turya Bala

Student ID: 2019281224
Email ID: amlanturjo22@mail.nwpu.edu.cn
 General Journal
Serial Account Titles and Posted
No. Explanation Ref. Debit Credit
Jan 1 Cash   $ 70,000.00
    Accounts receivable   $ 5,000.00
    Accounts payables   $ 5,000.00
    Notes payable   $ 20,000.00
    Contributed capital   $ 25,000.00
    Retained earnings   $ 25,000.00
  a. Cash   $ 20,000.00
    Notes payable   $ 20,000.00
  b. Cash   $ 5,000.00
    Accounts receivables   $ 5,000.00
  c. Accounts payables   $ 1,000.00
    Cash   $ 1,000.00
  d. Office supplies   $ 1,000.00
    Accounts payables   $ 1,000.00
  e. Cash   $ 5,000.00
    Contributed capital   $ 5,000.00
  f. Notes payable   $ 10,000.00
    Cash   $ 10,000.00
    Total   $ 1,17,000.00 $ 1,17,000.00

Ledger Posting
Dr.   Cash A/C   Cr.
Serial No. Particulars $ Serial No. Particulars $
Jan. 1 Beginning Balance $ 70,000.00      
a. Notes payable $ 20,000.00      
b. Accounts receivables $ 5,000.00      
      c. Accounts Payables $ 1,000.00
e. Contributed capital $ 5,000.00      
      f. Notes payable $ 10,000.00
        Cl. Bal. $ 89,000.00
  Total $ 1,00,000.00   Total $ 1,00,000.00

Dr.   Notes Payable A/C   Cr.

Serial No. Particulars $ Serial No. Particulars $
      Jan. 1 Beginning Balance $ 20,000.00
      a. Cash $ 20,000.00
f. Cash $ 10,000.00      
           
           
  Cl. Bal. $ 30,000.00      
  Total $ 40,000.00   Total $ 40,000.00
Dr.   Accounts Receivables A/C   Cr.
Serial No. Particulars $ Serial No. Particulars $
Jan. 1 Beginning Balance $ 5,000.00      
      b. Cash $ 5,000.00
           
           
           
  Total $ 5,000.00   Total $ 5,000.00

Dr.   Accounts Payables A/C   Cr.

Serial No. Particulars $ Serial No. Particulars $
      Jan. 1 Beginning Balance $ 5,000.00
c. Cah $ 1,000.00      
      d. Office supplies $ 1,000.00
           
           
  Cl. Bal. $ 5,000.00      
  Total $ 6,000.00   Total $ 6,000.00

Dr.   Contributed Capital A/C   Cr.

Serial No. Particulars $ Serial No. Particulars $
      Jan. 1 Beginning Balance $ 25,000.00
      e. Cash $ 5,000.00
           
           
           
  Cl. Balance $ 30,000.00      
  Total $ 30,000.00   Total $ 30,000.00

Dr.   Retained Earning   Cr.

Serial No. Particulars $ Serial No. Particulars $
      Jan. 1 Beginning Balance $ 25,000.00
           
           
           
           
Dec. 31 Cl. Balance $ 25,000.00      
  Total $ 25,000.00   Total $ 25,000.00

Dr.   Office Supplies A/C   Cr.

Serial No. Particulars $ Serial No. Particulars $
d. Accounts Payable $ 1,000.00      
           
           
           
        Cl. Bal. $ 1,000.00
  Total 1,000.00   Total $ 1,000.00