In: Accounting
Complete T accounts for the transactions. Total the T accounts and add them to the trial balance. Use the trial balance to make sure the accounts are balanced.
On 1/3/XX there is an interest payment received for $1.35.
On 5/3/XX fuel costing $18.00 is purchased.
On 6/3/XX there is a cash sale for $2,990.00.
On 7/3/XX stationery (toner) costing $247.00 is purchased.
On 11/3/XX there is a cash sale for $2,579.00.
On 12/3/XX fuel costing $36.50 is purchased.
On 13/3/XX there is a cash sale for $55.00.
On 19/3/XX fuel costing $36.75 is purchased.
On 20/3/XX a rent payment for $480.00 is made.
On 25/3/XX there is a cash sale for $3,528.00.
On 25/3/XX there is another cash sale, this time for $16.00.
On 26/3/XX fuel costing $28.75 is purchased.
CASH
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
STATIONERY
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
MOTOR VEHICLE EXPENSES
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
RENT
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
SALES
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
INTEREST RECEIVED
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
TRIAL BALANCE
| ACCOUNT | DR | CR | 
| CASH | ||
| STATIONERY | ||
| MOTOR VEHICLE EXPENSES | ||
| RENT | ||
| SALES | ||
| INTEREST RECEIVED | ||
| TOTAL | 
Solution.
| Cash | |||||
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
| 3-Mar | Interest | 1.35 | 5-Mar | Fuel | 18.00 | 
| 6-Mar | sales | 2,990.00 | 7-Mar | Stationery | 247.00 | 
| 13-Mar | Sales | 55.00 | 12-Mar | Fuel | 36.50 | 
| 14-Mar | Sales | 3,544.00 | 19-Mar | Fuel | 36.75 | 
| 20-Mar | Rent | 480.00 | |||
| 26-Mar | Fuel | 28.75 | |||
| Balance C/d | 5,743.35 | ||||
| 6,590.35 | 6,590.35 | 
| STATIONERY | |||||
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
| 7-Mar | Cash | 247.00 | Balance C/d | 247.00 | 
| MOTOR VEHICLE EXPENSES | |||||
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
| Cash | 120 | Balance C/d | 120 | ||
| RENT | |||||
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
| 20-Mar | Cash | 480.00 | Balance C/d | 480.00 | 
| SALES | |||||
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
| 6-Mar | sales | 2,990.00 | |||
| 13-Mar | Sales | 55.00 | |||
| Balance b/d | 6,589.00 | 14-Mar | Sales | 3,544.00 | 
| INTEREST RECEIVED | |||||
| DEBIT | CREDIT | ||||
| DATE | REFERENCE | AMOUNT | DATE | REFERENCE | AMOUNT | 
| Balance b/d | 1.35 | 1-Mar | Cash | 1.35 | 
| TRIAL BALANCE | ||
| ACCOUNT | DR | CR | 
| CASH | 5743.35 | |
| STATIONERY | 247.00 | |
| MOTOR VEHICLE EXPENSES | 120.00 | |
| RENT | 480.00 | |
| SALES | 6589.00 | |
| INTEREST RECEIVED | 1.35 | |
| TOTAL | 6590.35 | 6590.35 |