DATE ACCOUNT TITLE REF.

NO DEBIT CREDIT

1-May Cash 101 € 20,000

Shared captial-Ordinary 311 € 20,000
{ Issued shares for cash}

2-May No entry not a traction

3-May Supplies 126 € 1,500

Account Payable 201 € 1,500
{Purchase Supplies on
account}

7-May Rent Expense 729 € 900

Cash 101 € 900

11-May Account Receivable 112 € 2,800

Service Revenue 400 € 2,800
Received cash for future
services}

12-May Cash 101 € 3,500

Unearned service revenue 209 € 3,500
{Recevied cash for future
service}

17-May Cash 101 € 1,200

Service revenue 400 € 1,200
{Recevied cash for service
provided}

31-May Salaries and wages expense 726 € 2,000

Cash 101 € 2,000
{Paid salaries}

31-May Account payable {1500ˣ40} 201 € 600

Cash 101 € 600
 Cash Account payable
1-May 20000 7-May 900
31-May 2000 31-May 600
12-May 3500 31-May 600
17-May 1200

21200

Account receiveable Rent expense

11-May 2800 7-May 900

2800 900

Unearned sevice revenue Salaries and wages expense

12-May 3500 31-May 2000

3500 2000
 Supplies
3-May 1500 3-May 1500

900 1500

Service revenue
11-May 2800
17-May 1200

4000

nd wages expense Shared capital ordinary

1-May 20000

20000