## Answers

**1. Journal Entries during the month of January**

Entry | Debit Amount | Credit Amount |

Cash A/c Dr. To Capital A/c | 75000 | 75000 |

Equipment A/c Dr. To Cash A/c | 35000 | 35000 |

Purchases A/c Dr. To Creditors A/c | 8000 | 8000 |

Advertisement Expense A/c Dr. To Creditors A/c | 1250 | 1250 |

Cash A/c Dr. Receivables A/c Dr. To Sales (Supply of services) A/c | 7500 10000 | 17500 |

Salaries A/c Dr. Rent A/c Dr. Utilities A/c Dr. To Cash A/c | 4500 3000 1000 | 8500 |

Creditors A/c Dr. To Cash A/c | 1250 | 1250 |

Capital A/c Dr. To Cash A/c | 6500 | 6500 |

**2. Ledger Accounts**

**3.**

**Trial Balance as on 31 January**

Particulars | Debit Amount | Credit Amount |

Cash A/c | 31250 | |

Capital A/c | 68500 | |

Equipment A/c | 35000 | |

Purchases A/c | 8000 | |

Creditors A/c | 8000 | |

Advertisement Expense A/c | 1250 | |

Receivables A/c | 10000 | |

Sales A/c | 17500 | |

Salaries A/c | 4500 | |

Rent A/c | 3000 | |

Utilities A/c | 1000 | |

Total | 94000 | 94000 |

CY Cash Yc Dr 35 00 0 4500 By Eguipment 7 Salaries 75000 To Copital To Sales 7 1500 300 0 Rent A7 Io00 125o 6500 raditons 7 Cash 312S0 y balanca Yd Capital 7 CY Dr Cash e 6500 By 75000 To Cash 68S00 To bauance d faup mant Dr Cr To Cash 7c 35000 By balana Y 35000

Cr Punchases 7 Dr 2000 Creditors To 8000 Bbalance Y Cr Craditors 7 Dr bale 1250 y Purchases Adrertisement Exp To Cash 7 1250 To barance 8000

Advertisamant Expensa/ Cr Dr 1250 To Ouditons 1 250 balance /d Cr. Racaivables c Dr. To Salas 7 jo,000 balance d lo Oc

Cr Sales 4 Or 1500 Cash 7 10000 y Rasaivahles To bauana 11500 Cr Dr Salaries To Cash 4S00 4500 balanae d Rant Cr Dr To Cash 2 3 000 balance d 3000 utilities Cr Dr To Cash looo Q hakanca 1000

.
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