Purchases Journal

PURCHASES JOURNAL
Date

Details

Folio

Amount

Feb

NorthGate college

PL/1

50

Feb

Northgate College

PL/6

75

Feb

Stationery R US

PL/2

25

Feb

28

Transferred to purchase a/c

GL/7

150

Sales Journal
Date

Details

Folio Amount

2015
Feb

J. Looby

SL/4 15

Feb

V. Young

SL/5 20

Feb

S. Allahar

SL/6 10

Feb

L. Brown

SL/3 12

Feb

28 Transferred to sales a/c

GL/7 57

Sales Journal

Sales Journal
Sales Journal
Date

Details

Foli
o

Amount

May

J. Looby

SL/3 8

May

R.lewis

SL/4 11

May

3
1

Transferred to sales a/c

GL/
5

19

Return Inward Journal

RETURN- IN-WARD
Date

Details

Folio

Amount

2015
Feb

S .Allahar

SL/4

Feb

2
8

Transferred to returns A/C

GL/11 3

General Journal
Inkd Printing

Date
2015
February

Description

Cash
Capital

CB 9
GL 11

Debit
$
420

Credit
$
420

5
5

Bank
Cash

CB 21
CB 16

200

Used Printer
NorthGate College

GL 3
PL 25

50

Used Laptop
NorththGate College

GL 12
PL 31

75

Stock (paper, cartridge)

Cash

GL 41
CB 27

40

Stock
Stationary R US

GL 51
GL 77

25

Cash
Sales

CB 49
GL 23

10

Cash
Sales

CB 51
GL 42

22

Cash
Sales
Advertising
Cash

CB
GL
GL
CB

91
73
84
37

40

Cash
Sales

CB 13
GL 55

47

Cash
J.Looby

CB 32
GL 17

10

Rent

GL 94

10

200

50

75

40

25

10

22

40
5
5

47

10

Bank

CB 82

Wages
Cash

GL 26
CB 79

60

Details

Bank
Cash

CB 92
CB 1

Debit
$
80

Stationery
Cash

GL 54
CB 29

10

60

General Journal
Inkd Printing

Date
2015
May

Credit
$
80

15
15

Stock
Cash

GL 37
CB 4

18

Cash
Sales

CB 19
GL 11

Cash
V.Young

CB 23
GL 97

Cash
Sales

CB 28
GL 7

Advertising
Cash

GL 2
CB 45

Cash
Sales

CB 33
GL 51

19

Cash
Sales

CB 69
GL 8

24

Cash
J.Looby

CB 16
GL 76

Cash
Sales

CB 56
GL 95

12

Wages
Cash

CB 77
GL 85

60

Rent
Cheque

CB 18
GL 44

10

18

19

24

12

60

10

GENERAL LEDGER
INKD PRINTING
ADVERTISING
Date
2015
Feb 5

Details

Mar 1

Balance b/d

Cash

Amount
$
5
5
5

Date
2015
Feb 28

Details
Balance c/d

Amount
$
5
5

DATE
2015
FEB 2

DETAILS

AMOUNT
$
200

CASH

DATE
2015
FEB 6
FEB 28

DETAILS
RENT
BALANCE C/D

200
MAR 1

BALANCE B/D

AMOUNT
$
10
90
200

90
BANK A/C

CAPITAL
Date
2015
Feb 28

Details

Mar 1

Balance b/d

Balance c/d

Amount
$
420
420

Date
2015
Feb 2

Details
Cash

Amount
$
420
420

420
CASH A/C

Date
2015
FEB 2
FEB 2
FEB 3
FEB 5
FEB 6
FEB 6

MAR 1

Details
CAPITAL
SALES
SALES
SALES
SALES
J. LOOBY

BALANCE B/D

Amount
$
420
10
22
40
47
10
552

Date
2015
FEB 2
FEB 2
FEB 5
FEB 6
FEB 28

Details
BANK
PURCHASES
ADVERTISING
WAGES
BALANCE C/D

Amount
$
200
40
5
60
247
552

247
J. Looby

Date
2015
Feb 28

Detail
Balance C/D

Amount
$
10

Date
2015
Feb 6

Details
Cash

Amount
$
10

10
Mar 1

Balance b/d

10

10
Purchases

Date
2015
Feb 2

Details

Mar 1

Balance b/d

Stock

Amount
$
40
40

Date
2015
Feb 28

Details
Balance c/d

Amount
$
40
40

40
S. Allahar

Date
2015
Feb 28

Details
Balance c/d

Amount
$
3
3

Date
2015
Feb 4

Details

Mar 1

Balance b/d

Date
2015
Feb 2
Feb 3
Feb 5
Feb 6

Details

Amount
$
10
22
40
47
119

Mar 1

Balance b/d

Return inwards

Amount
$
3
3

Sales
Date
2015
Feb 28

Details
Balance c/d

Amount
$
119

Cash
Cash
Cash
Cash

119

Rent

119

Date

Details

Amount

Date

Details

Amount

2015
Feb 6

Bank

$
10
10

Mar 1

balance b/d

10

2015
Feb 28

Balance c/d

$
10
10

Return Inwards
Date
2015
Feb 3

Details

Mar 1

Balance b/d

S. Allahar

amount
$
3
3

Date
2015
Feb 28

Details
Balance c/d

Amount
$
3
3

3
Wages

Date
2015
Feb 6

Details

Mar 1

Balance b/d

Cash

Amount
$
60
60

Date
2015
Feb 28

Details
Balance b/d

Amount
$
60
60

60
Advertising

Date
2015
May 5

Details

April 1

Balance b/d

Cash

Amount
$
5
5

Date
2015
May 31

Details
Balance c/d

Amount
$
5
5

5
Bank

Date
2015
May1

Details
Cash

Amount
$
80

Date
2015
May 8
May 31

Details
Rent
Balance c/d

Amount
$
10
70

80

80

April 1
Cash
Date
2015
May 4
May 4
May 5
May 6
May 7
May 8

Details

April 1

Balance b/d

Sales
V. Young
Sales
Sales
Sales
Sales

Amount
$
3
7
7
19
24
12
72

Date
2015
May 5
May 8

Details

May 31

Balance c/d

7
72

Date
2015
May 7

Details

Amount
$
5
5

April 1

Balance b/d

Details

Amount
$
18
18

Advertising
Wages

Amount
$
5
60

J. Looby
Date
2015
May 31

Detail
Balance c/d

Amount
$
5
5

Cash

Purchase
Date
2015
May 4

Details
Stock

Amount
$
18
18

Date
2015
May 31

Balance c/d

April 1

Balance b/d

18
Rent

Date
2015
May 8

Details

April 1

Balance b/d

Bank

Amount
$
10
10

Date
2015
May 31

details
Balance c/d

Amount
$
10
10

10
Sales

Date
2015
May 31

details
Balance c/d

Amount
$
65

Date
2015
May 4
May 5
May 6
May 7
May 12

Details
Cash
Cash
Cash
Cash
Cash

65
April 1

Balance b/d

Amount
$
3
7
19
24
12
65

65
V.Young

Date
2015
May 31

Details
Balance c/d

Amount
$
7
7

Date
2015
May 4

Details

April 1

Balance b/d

Details

Amount
$
60
60

Cash

Amount
$
7
7

Wages
Date
2015
May 8

Details
Cash

Amount
$
60
60

Date
2015
May 31

Balance c/d

April 1

Date

Balance b/d

Details

60

Purchase ledger
Foli
Amou
o
nt
Date
NorthGate College
2015
February

Details

Foli
o

Amou
nt
$
5

Purchases

PJ

PJ

$
75

NorthGate College
2015
February 2
Stationary R US

Purchases

2015
February 2

Februar
y

2
8

Date
2

Total
credited
purchases for
the month

PJ

25

15
0

Details

Foli
o

Sales

SJ

Sales ledger
Amoun
t
Date
J. Looby
$
15
V. Young

2015
February

Purchases

General Legder
Purchases
$

2015

2015
February

sales

SJ

$
20
S. Allahar

Details

Foli
o

Amount

2015
February
L.Brown
2015
February

Sales

Sales

SJ

$
10

SJ

$
12
General Ledger
Sales
2015
February

$
2
8

Total credited
sales for the
month
SJ

Sales Ledger
2015
Feb

57

$
4

Return
Inwards

SJ

Details

Foli
o

Amount

General Ledger
Return inwards
2015
February

2
8

Date
2015
May

Total returns
for the month RIJ

Details

Foli
o

Sales

SJ

Sales ledger
Amoun
t
Date
J. Looby
$
8

R. Lewis
2015
May

Sales

SJ

$
11
General Ledger
Sales
2015
May

$
3
1

Total credited
sales for the
month
SJ

19

Cash Book
Date

Details

Foli
o

2015
May

Cash

Cash

Bank

Date

2015

80

May

Details

Cash

Bank

Sales

GL

Bank
Stationery
US

V.Young

GL

Stock

GL

18

Sales

SL

Advertising

GL

Folio

80

GL

15

March

Sales

GL

Wages

GL

Sales

GL

19

Rent

PL

Sales

GL

Sales

SL

24

J.Looby

GL

8
3
1

Sales

GL

12

Balance c/d

GL

101

31

Balance c/d

178

99

Date

89

Foli
o

2015
May

10

11

Balance b/d

Details

60

March

Cash

Bank

Date

2015

80

May

Balance b/d

Cash

Sales

GL

Bank
Stationery
US

V.Young

GL

Sales

SL

Sales

GL

8
7

89

178

99

101

Foli
o

Details

..

Cash

Bank

80

GL

15

Stock

GL

18

Advertising

GL

Wages

GL

60

March

Sales

GL

Sales

GL

Sales

SL

24

J.Looby

GL

Sales

GL

12

31

Balance c/d

GL

101

178

99

19

Rent

PL

31

Balance c/d

11

Balance b/d

89

March

Balance b/d

Cred
Details
Sales
Return inwards
Purchase (stock)
Expenses
Cash
Capital
Bank
Used printer
Used laptop

Debit $

it $
260

3
83
150
143
420
260
75
51

50

51
815

..

89

178

99

101

Inkd Printing
Trial Balance
as at September 30, 2011

Debtors
Creditor

10

135
815

Trading profit and loss A/C

Ink d Printing
Income Statement for the period
31st May 2015
Details
$
$
Sales
260
Less: Return Inwards
(3)
Net Sales
Less: Cost Of Sales

$
257

Add: Purchases

83
83
83
(30)

Goods Available For Sale

Less: Closing Stock
Cost of Goods Sold
Gross Profit
Less Expenses:
Wages
Rent
Advertising
Total expenses
Net Profit

(53)
204
120
20
10
(150)
54

Balance Sheet
Inkd Printing
Balance Sheet
as at May 31, 2015
Fixed Assets
Printer
Laptop
Total
Current Assets

$
50
75

$
125

Stock
Cash
Bank
Debtors
Total
Total Assets
Less Current Liabilities
Creditors
Total
Working Capital
Financed by:
Capital
Net Profit

30
143
260
51
484
609
135
(135)
474
420
54
474