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Answered Same Day May 11, 2021

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Aarti J answered on May 12 2021

153 Votes

Journal
        Date    Particulars    Debit    Credit
        Mar-01    Cash    100000
             Owner's equity        100000
        Mar-02    Furniture    10000
             Cash        10000
        Mar-03    Office equipment    5000
             Accounts payable        5000
        Mar-04    Utilities expense    2000
             Cash        2000
        Mar-05    Noentry
        Mar-06    Accounts receivables    7000
             Service revenue        7000
        Mar-07    Cash    4000
            Accounts receivable    2000
             Service revenue        6000
        Mar-08    Rent expense    800
             Cash        800
        Mar-09    Land    35000
             Cash        35000
        Mar-10    Supplies    5000
             Cash        2500
             Accounts payable        2500
        Mar-11    Prepaid insurance    1200
             Cash        1200
        Mar-12    Accounts payable    5000
             Cash        5000
        Mar-13    Cash    4000
             Unearned revenue        4000
        Mar-14    Cash    7000
             Accounts receivables        7000
        Mar-15    Cash    12000
             Notes payable        12000
        Mar-16    Advertising expense    2500
             Cash        2500
        Mar-17    Accounts receivables    1800
             Service revenue        1800
        Mar-18    Car    25000
             Cash        15000
             Notes payable        10000
        Mar-19    Drawings    8000
             Cash        8000
        Mar-20    Accounts receivables    2000
             Service revenue        2000
        Mar-21    Cash    2000
             Accounts receivables        2000
        Mar-22    Gas and oil expenses    700
             Cash        700
        Mar-23    Inventory    1500
             Accounts payable        1500
        Mar-31    Salary expense    1250
             Cash        1250
Trial balance
        Account    Debit    Credit
        Cash    45050
        Accounts receivables    3800
        Inventory    1500
        Supplies    5000
        Prepaid insurance    1200
        Furniture    10000
        Office equipment    5000
        Land    35000
        Car    25000
        Accounts payable        4000
        Notes payable        22000
        Unearned revenue        4000
        Owner's equity        100000
        Service revenue        16800
        Drawings    8000
        Utilities expense    2000
        Advertisment expense    2500
        Rent expense    800
        Gas...

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