Journal and Ledger Entries
Journal Entries
Date Description Debit Credit
1-Apr Started business with cash Cash: 100000 Capital: 100000
2-Apr Deposited cash into bank Bank: 50000 Cash: 50000
3-Apr Purchased goods for cash Purchases: 30000 Cash: 30000
4-Apr Sold goods for cash Cash: 40000 Sales: 40000
5-Apr Paid rent Rent Expense: 8000 Cash: 8000
6-Apr Bought furniture on credit Furniture: 20000 Accounts Payable: 20000
7-Apr Received commission Cash: 7000 Commission Income: 7000
8-Apr Paid salaries Salaries Expense: 12000Cash: 12000
9-Apr Bought goods on credit Purchases: 25000 Accounts Payable: 25000
10-Apr Paid creditor Accounts Payable: 15000
Cash: 15000
11-Apr Received cash from debtor Cash: 18000 Accounts Receivable: 18000
12-Apr Withdrew cash for personal use Drawings: 5000 Cash: 5000
13-Apr Paid electricity bill Electricity Expense: 3000
Cash: 3000
14-Apr Bank loan taken Cash: 50000 Bank Loan: 50000
15-Apr Paid interest on loan Interest Expense: 4000 Cash: 4000
16-Apr Goods returned to supplier Accounts Payable: 5000Purchase Return: 5000
17-Apr Received goods returned by customerSales Return: 3000 Accounts Receivable: 3000
18-Apr Advertising expense paid Advertising Expense: 6000
Cash: 6000
19-Apr Purchased office supplies Office Supplies: 2000 Cash: 2000
20-Apr Received rent income Cash: 10000 Rent Income: 10000
21-Apr Transaction 21 Account 21D: 1000 Account 21C: 1000
22-Apr Transaction 22 Account 22D: 1200 Account 22C: 1200
23-Apr Transaction 23 Account 23D: 1400 Account 23C: 1400
Page 1
Journal and Ledger Entries
24-Apr Transaction 24 Account 24D: 1600 Account 24C: 1600
25-Apr Transaction 25 Account 25D: 1800 Account 25C: 1800
26-Apr Transaction 26 Account 26D: 2000 Account 26C: 2000
27-Apr Transaction 27 Account 27D: 2200 Account 27C: 2200
28-Apr Transaction 28 Account 28D: 2400 Account 28C: 2400
29-Apr Transaction 29 Account 29D: 2600 Account 29C: 2600
30-Apr Transaction 30 Account 30D: 2800 Account 30C: 2800
31-Apr Transaction 31 Account 31D: 3000 Account 31C: 3000
32-Apr Transaction 32 Account 32D: 3200 Account 32C: 3200
33-Apr Transaction 33 Account 33D: 3400 Account 33C: 3400
34-Apr Transaction 34 Account 34D: 3600 Account 34C: 3600
35-Apr Transaction 35 Account 35D: 3800 Account 35C: 3800
36-Apr Transaction 36 Account 36D: 4000 Account 36C: 4000
37-Apr Transaction 37 Account 37D: 4200 Account 37C: 4200
38-Apr Transaction 38 Account 38D: 4400 Account 38C: 4400
39-Apr Transaction 39 Account 39D: 4600 Account 39C: 4600
40-Apr Transaction 40 Account 40D: 4800 Account 40C: 4800
41-Apr Transaction 41 Account 41D: 5000 Account 41C: 5000
42-Apr Transaction 42 Account 42D: 5200 Account 42C: 5200
43-Apr Transaction 43 Account 43D: 5400 Account 43C: 5400
44-Apr Transaction 44 Account 44D: 5600 Account 44C: 5600
45-Apr Transaction 45 Account 45D: 5800 Account 45C: 5800
46-Apr Transaction 46 Account 46D: 6000 Account 46C: 6000
47-Apr Transaction 47 Account 47D: 6200 Account 47C: 6200
48-Apr Transaction 48 Account 48D: 6400 Account 48C: 6400
49-Apr Transaction 49 Account 49D: 6600 Account 49C: 6600
Page 2
Journal and Ledger Entries
50-Apr Transaction 50 Account 50D: 6800 Account 50C: 6800
Page 3
Journal and Ledger Entries
Ledger Accounts
Account: Cash
Date Description Debit Credit
1-Apr Started business with cash 100000 0
2-Apr Deposited cash into bank 0 50000
3-Apr Purchased goods for cash 0 30000
4-Apr Sold goods for cash 40000 0
5-Apr Paid rent 0 8000
7-Apr Received commission 7000 0
8-Apr Paid salaries 0 12000
10-Apr Paid creditor 0 15000
11-Apr Received cash from debtor 18000 0
12-Apr Withdrew cash for personal use 0 5000
13-Apr Paid electricity bill 0 3000
14-Apr Bank loan taken 50000 0
15-Apr Paid interest on loan 0 4000
18-Apr Advertising expense paid 0 6000
19-Apr Purchased office supplies 0 2000
20-Apr Received rent income 10000 0
Account: Capital
Date Description Debit Credit
1-Apr Started business with cash 0 100000
Account: Bank
Page 4
Journal and Ledger Entries
Date Description Debit Credit
2-Apr Deposited cash into bank 50000 0
Account: Purchases
Date Description Debit Credit
3-Apr Purchased goods for cash 30000 0
9-Apr Bought goods on credit 25000 0
Account: Sales
Date Description Debit Credit
4-Apr Sold goods for cash 0 40000
Account: Rent Expense
Date Description Debit Credit
5-Apr Paid rent 8000 0
Account: Furniture
Date Description Debit Credit
6-Apr Bought furniture on credit 20000 0
Account: Accounts Payable
Date Description Debit Credit
6-Apr Bought furniture on credit 0 20000
9-Apr Bought goods on credit 0 25000
10-Apr Paid creditor 15000 0
16-Apr Goods returned to supplier 5000 0
Page 5
Journal and Ledger Entries
Account: Commission Income
Date Description Debit Credit
7-Apr Received commission 0 7000
Account: Salaries Expense
Date Description Debit Credit
8-Apr Paid salaries 12000 0
Account: Accounts Receivable
Date Description Debit Credit
11-Apr Received cash from debtor 0 18000
17-Apr Received goods returned by customer0 3000
Account: Drawings
Date Description Debit Credit
12-Apr Withdrew cash for personal use 5000 0
Account: Electricity Expense
Date Description Debit Credit
13-Apr Paid electricity bill 3000 0
Account: Bank Loan
Date Description Debit Credit
14-Apr Bank loan taken 0 50000
Account: Interest Expense
Page 6
Journal and Ledger Entries
Date Description Debit Credit
15-Apr Paid interest on loan 4000 0
Account: Purchase Return
Date Description Debit Credit
16-Apr Goods returned to supplier 0 5000
Account: Sales Return
Date Description Debit Credit
17-Apr Received goods returned by customer3000 0
Account: Advertising Expense
Date Description Debit Credit
18-Apr Advertising expense paid 6000 0
Account: Office Supplies
Date Description Debit Credit
19-Apr Purchased office supplies 2000 0
Account: Rent Income
Date Description Debit Credit
20-Apr Received rent income 0 10000
Account: Account 21D
Date Description Debit Credit
21-Apr Transaction 21 1000 0
Page 7
Journal and Ledger Entries
Account: Account 21C
Date Description Debit Credit
21-Apr Transaction 21 0 1000
Account: Account 22D
Date Description Debit Credit
22-Apr Transaction 22 1200 0
Account: Account 22C
Date Description Debit Credit
22-Apr Transaction 22 0 1200
Account: Account 23D
Date Description Debit Credit
23-Apr Transaction 23 1400 0
Account: Account 23C
Date Description Debit Credit
23-Apr Transaction 23 0 1400
Account: Account 24D
Date Description Debit Credit
24-Apr Transaction 24 1600 0
Account: Account 24C
Date Description Debit Credit
Page 8
Journal and Ledger Entries
24-Apr Transaction 24 0 1600
Account: Account 25D
Date Description Debit Credit
25-Apr Transaction 25 1800 0
Account: Account 25C
Date Description Debit Credit
25-Apr Transaction 25 0 1800
Account: Account 26D
Date Description Debit Credit
26-Apr Transaction 26 2000 0
Account: Account 26C
Date Description Debit Credit
26-Apr Transaction 26 0 2000
Account: Account 27D
Date Description Debit Credit
27-Apr Transaction 27 2200 0
Account: Account 27C
Date Description Debit Credit
27-Apr Transaction 27 0 2200
Page 9
Journal and Ledger Entries
Account: Account 28D
Date Description Debit Credit
28-Apr Transaction 28 2400 0
Account: Account 28C
Date Description Debit Credit
28-Apr Transaction 28 0 2400
Account: Account 29D
Date Description Debit Credit
29-Apr Transaction 29 2600 0
Account: Account 29C
Date Description Debit Credit
29-Apr Transaction 29 0 2600
Account: Account 30D
Date Description Debit Credit
30-Apr Transaction 30 2800 0
Account: Account 30C
Date Description Debit Credit
30-Apr Transaction 30 0 2800
Account: Account 31D
Date Description Debit Credit
Page 10
Journal and Ledger Entries
31-Apr Transaction 31 3000 0
Account: Account 31C
Date Description Debit Credit
31-Apr Transaction 31 0 3000
Account: Account 32D
Date Description Debit Credit
32-Apr Transaction 32 3200 0
Account: Account 32C
Date Description Debit Credit
32-Apr Transaction 32 0 3200
Account: Account 33D
Date Description Debit Credit
33-Apr Transaction 33 3400 0
Account: Account 33C
Date Description Debit Credit
33-Apr Transaction 33 0 3400
Account: Account 34D
Date Description Debit Credit
34-Apr Transaction 34 3600 0
Page 11
Journal and Ledger Entries
Account: Account 34C
Date Description Debit Credit
34-Apr Transaction 34 0 3600
Account: Account 35D
Date Description Debit Credit
35-Apr Transaction 35 3800 0
Account: Account 35C
Date Description Debit Credit
35-Apr Transaction 35 0 3800
Account: Account 36D
Date Description Debit Credit
36-Apr Transaction 36 4000 0
Account: Account 36C
Date Description Debit Credit
36-Apr Transaction 36 0 4000
Account: Account 37D
Date Description Debit Credit
37-Apr Transaction 37 4200 0
Account: Account 37C
Date Description Debit Credit
Page 12
Journal and Ledger Entries
37-Apr Transaction 37 0 4200
Account: Account 38D
Date Description Debit Credit
38-Apr Transaction 38 4400 0
Account: Account 38C
Date Description Debit Credit
38-Apr Transaction 38 0 4400
Account: Account 39D
Date Description Debit Credit
39-Apr Transaction 39 4600 0
Account: Account 39C
Date Description Debit Credit
39-Apr Transaction 39 0 4600
Account: Account 40D
Date Description Debit Credit
40-Apr Transaction 40 4800 0
Account: Account 40C
Date Description Debit Credit
40-Apr Transaction 40 0 4800
Page 13
Journal and Ledger Entries
Account: Account 41D
Date Description Debit Credit
41-Apr Transaction 41 5000 0
Account: Account 41C
Date Description Debit Credit
41-Apr Transaction 41 0 5000
Account: Account 42D
Date Description Debit Credit
42-Apr Transaction 42 5200 0
Account: Account 42C
Date Description Debit Credit
42-Apr Transaction 42 0 5200
Account: Account 43D
Date Description Debit Credit
43-Apr Transaction 43 5400 0
Account: Account 43C
Date Description Debit Credit
43-Apr Transaction 43 0 5400
Account: Account 44D
Date Description Debit Credit
Page 14
Journal and Ledger Entries
44-Apr Transaction 44 5600 0
Account: Account 44C
Date Description Debit Credit
44-Apr Transaction 44 0 5600
Account: Account 45D
Date Description Debit Credit
45-Apr Transaction 45 5800 0
Account: Account 45C
Date Description Debit Credit
45-Apr Transaction 45 0 5800
Account: Account 46D
Date Description Debit Credit
46-Apr Transaction 46 6000 0
Account: Account 46C
Date Description Debit Credit
46-Apr Transaction 46 0 6000
Account: Account 47D
Date Description Debit Credit
47-Apr Transaction 47 6200 0
Page 15
Journal and Ledger Entries
Account: Account 47C
Date Description Debit Credit
47-Apr Transaction 47 0 6200
Account: Account 48D
Date Description Debit Credit
48-Apr Transaction 48 6400 0
Account: Account 48C
Date Description Debit Credit
48-Apr Transaction 48 0 6400
Account: Account 49D
Date Description Debit Credit
49-Apr Transaction 49 6600 0
Account: Account 49C
Date Description Debit Credit
49-Apr Transaction 49 0 6600
Account: Account 50D
Date Description Debit Credit
50-Apr Transaction 50 6800 0
Account: Account 50C
Date Description Debit Credit
Page 16
Journal and Ledger Entries
50-Apr Transaction 50 0 6800
Page 17
