Question

1. March 1, lawyer Abdulaziz begins his own business as a real estate with a cash investment of 100,000$.

2. On March 2, $20000 was paid as a rent for the office.

3. On March 3, he purchased office equipment for10000$ paid 2000 cash and 8000 on credit.

4. On March 3, he purchased supplies for 500$ cash.

5. On march 3, $1500 was paid for advertising expenses

6. On March 20, he paid workers salaries s of $ 3,000 cash.

7. On March 1, Abdulaziz borrowed 10,000$ by signing 5%, one-year note on April1, 2000.

8. On march 23, Purchased a one-year fire insurance policy for 30,000$.

9. On march 23, he withdrew $ 1000 in cash for personal use.

10. On march 24, he performed a legal services for clients for $5000 cash

11. On march 25, he performed a legal service for client for $10000 of service he received cash of 6000 and it bill the balance 4000 on account.

12. On march 27,$500 paid cash as a payment of equipment credit

13. On march 29,hr received 1800 in cash from client who had been billed

14. Utilities expense incurred but not paid on March 31, 1999.250$.

15. On march 31, used office supply during the month $150

Prepare journal and ledger and trial balanc

Answer 1

journal :

Date	Accounts title	Dr	Cr
March
1	Cash	100000
	To Abdulaziz's Capital		100000
2	Rent expense	20000
	To cash		20000
3	Office equupment	10000
	To cash		2000
	To Accounts payable		8000
4	Supplies	500
	To cash		500
5	advertising expenses	1500
	To cash		1500
6	wages and salaries expenses	3000
	To cash		3000
7	Cash	10000
	To Notes payable		10000
8	Prepaid insurance	30000
	To cash		30000
9	Drawing	1000
	To cash		1000
10	Cash	5000
	To service revenue		5000
11	Cash	6000
	Accounts receivable	4000
	To service revenue		10000
12	Accounts payable	500
	To cash		500
13	Cash	1800
	To Accounts receivable		1800
14	Utilities expense	250
	To Utilities expense payable		250
15	Supplies expense	150
	To supplies		150

trial balance :

Title	Dr.	Cr.
Cash	64300
Accounts receivable	2200
Supplies	350
Prepaid insurance	30000
wages and salaries expenses	3000
Office Equipment	10000
Accounts payable		7500
Service revenue		15000
Abdulaziz's Capital		100000
Drawing	1000
Supplies expense	150
Rent expense	20000
Utilities expense payable		250
Notes payable		10000
Utilities expense	250
advertising expenses	1500
Total	$132750	$132750