Roll Name

380 Anurag Priyadarshi

390 Fiza Azmi
415 Sarthak Agrawal
 Journal Book of Spade Company
Serial No. Particulars L/F Debit ($) Credit ($)
a. Cash A/C 100750 .
Common Stock A/C 100750
(Owner invested cash in business)
b. Office Supplies A/C 1250
Cash A/C 1250 .
(Office Supplies purchased for cash)
c. Office Equipment A/C 10050
Account Payable A/C 10050
(Office Equipment purchased on credit)
d. Cash A/C 15500 .
Fees Earned A/C 15500 .
(Services provided for cash)
e. Account Payable A/C 10050
Cash A/C 10050 .
(Accounts payable settled)
f. Account Receivable A/C 2700 .
Fees Earned A/C 2700 .
(Services provided on credit)
g. Rent Expense A/C 1225
Cash A/C 1225 .
(Rent paid for cash)
h. Cash A/C 1125
Account Receivable A/C 1125
(Cash collected from debtors)
i. Dividends A/C 10000 .
Cash A/C 10000
(Dividends paid to the owner)
Total 152650 152650
 Cash A/C
S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
1 Common Stock A/C 100750 2 Office Supplies A/C 1250
3 Fees Earned A/C 15500 4 Accounts Payable A/C 10050
6 Accounts Receivable A/C 1125 5 Rent Expense A/C 1225
7 Dividends A/C 10000
8 Balance C/F 94850
Total 117375 Total 117375

Accounts Receivable A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
1 Fees Earned A/C 2700 2 Cash A/C 1125
3 Balance C/F 1575
Total 2700 Total 2700

Office Supplies A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
1 Cash A/C 1250 2 Balance C/F 1250

Total 1250 Total 1250

Office Equipment A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
1 Account Payable A/C 10050 Balance C/F 10050

Total 10050 Total 10050

Accounts Payable A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
2 Cash A/C 10050 1 Office Equipment A/C 10050

Total 10050 Total 10050

Common Stock A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
2 Balance C/F 100750 1 Cash A/C 100750

Total 100750 Total 100750

Dividends A/C
S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
1 Cash A/C 10000 2 Balance C/F 10000

Total 10000 Total 10000

Fees Earned A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
 3 Balance C/F 18200 1 Cash A/C 15500
2 Account Receivable A/C 2700

Total 18200 Total 18200

Rent Expense A/C

S.No. Particulars J/F Debit ($) S.No. Particulars J/F Credit ($)
1 Cash A/C 1225 2 Balance C/F 1225

Total 1225 Total 1225

 Trial Balance of Spade Company
S.No Particulars Debit ($) Credit ($)
1 Cash 94850
2 Account Receivable 1575
3 Office Supplies 1250
4 Office Equipment 10050
5 Common Stock 100750
6 Dividends 10000
7 Fees Earned 18200
8 Rent Expense 1225

Total 118950 118950

 Journal Book of LinkWorks
Date (April) Particulars L/F Debit ($) Credit ($)
1 Cash A/C 101 80000
Office Equipment A/C 163 26000
Capital A/C 307 106000
(Cash and equipment invested in business)
2 Prepaid Rent A/C 131 9000
Cash A/C 101 9000
(Rent paid in advance for 12 months)
3 Office Equipment A/C 163 8000
Office Supplies A/C 124 3600
Payables A/C 201 11600
(Equipment and Supplies purchased on credit)
6 Cash A/C 101 4000
Services Revenue A/C 403 4000
(Cash received for services)
9 Account Receivables A/C 106 6000
Services Revenue A/C 403 6000
(Services delivered on credit)
13 Payables A/C 201 11600
Cash A/C 101 11600
(Cash paid to payables)
19 Prepaid Insurance A/C 128 2400
Cash A/C 101 2400
(Insurance policy purchased in advance)
22 Cash A/C 101 4400
Account Receivables A/C 106 4400
(Cash received against receivables)
25 Account Receivables A/C 106 2890
Services Revenue A/C 403 2890
(Services delivered on credit)
28 Dividend A/C 319 5500
Cash A/C 101 5500
(Dividend paid to shareholder)
29 Office Supplies A/C 124 600
Payables A/C 201 600
(Supplies purchased on credit)
30 Utility Expenses A/C 690 435
Cash A/C 101 435
(Utility expenses paid)
Total 164425 164425
 Cash A/C
Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
1 Capital A/C 80000 2 Prepaid Rent A/C 9000
6 Services A/C 4000 13 Payables A/C 11600
22 Account Receivables A/C 4400 19 Prepaid Insurance A/C 2400
28 Divident A/C 5500
30 Utility Expenses A/C 435
30 Balance C/F 59465
Total 88400 Total 88400

Office Equipment A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
1 Capital A/C 26000 30 Balance C/F 34000
3 Payables A/C 8000

Total 34000 Total 34000

Common Stock A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
30 Balance C/F 106000 1 Cash A/C 80000
1 Office Equipment A/C 26000

Total 106000 Total 106000

Prepaid Rent A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
2 Cash 9000 30 Balance C/F 9000

Total 9000 Total 9000

Account Receivables A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
9 Services 6000 22 Cash 4400
25 Services 2890 30 Balance C/F 4490

Total 8890 Total 8890

Office Supplies A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
3 Payables 3600 30 Balance C/F 4200
29 Payables 600

Total 4200 Total 4200

Prepaid Insurance A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
22 Cash 2400 30 Balance C/F 2400
 Total 2400 Total 2400

Accounts Payable A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
13 Cash A/C 11600 3 Office Equipment A/C 8000
30 Balance C/F 600 3 Office Supplies A/C 3600
29 Office Supplies A/C 600
Total 12200 Total 12200

Dividends A/C
Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
28 Cash 5500 30 Balance C/F 5500

Total 5500 Total 5500

Services Revenue A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
30 Balance C/F 12890 6 Cash 4000
9 Account Receivables A/C 6000
25 Account Receivables A/C 2890
Total 12890 Total 12890

Utilities Expense A/C

Date (Apr) Particulars J/F Debit ($) Date (Apr) Particulars J/F Credit ($)
30 Cash 435 30 Balance C/F 435

Total 435 Total 435

 Trial Balance of LinkWorks as on 30th April
S.No Particulars Debit ($) Credit ($)
1 Cash 59465
2 Account Receivables 4490
3 Office Supplies 4200
4 Prepaid Insurance 2400
5 Prepaid Rent 9000
6 Office Equipment 34000
7 Accounts Payables 600
8 Common Stock 106000
9 Dividends 5500
10 Services Revenue 12890
11 Utlities Expenses 435
Total 119490 119490
 Trial Balance of Chiara Company as on 31 Dec 2018 (Adjusted) Adjustment
Particulars Debit ($) Credit ($) Debit ($)
Cash 60000
Accounts Receivable 0 5750
Teaching Supplies 70000
Prepaid Insurance 19000
Prepaid rent 3800
Professional Library 12000
Accumulated Depreciatin-Professional Library 2500
Equipment 40000
Accumulated Depreciation on Equipment 20000
Accounts Payables 11200
Salaries payables 0
Unearned training fees 28600 28600
Common stock 11000
Retained Earnings, Dec 31, 2017 60500
Dividends 20000
Tution Fees earned 129200
Training Fees earned 68000
Depreciation Expense - Professional Library 0 2400
Depreciation Expense - Equipment 0 5000
Salaries Expense 44200 450
Insurance expense 0 9500
Rent Expense 29600 3800
Teaching supplies expense 0 50000
Advertising expense 19000
Utilities expense 13400
Totals 331000 331000 105500
Adjustment Final Balances Adjustment no.
Credit ($) Debit ($) Credit ($)
60000 0
5750 f
50000 20000 b
9500 9500 a
3800 h
2400 9600 d
2500
5000 35000 c
20000
11200
450 450 g
e
11000
60500
20000
5750 134950 f
28600 96600 e
2400 d
5000 c
44650 g
9500 a
33400 h
50000 b
19000
13400
105500 337200 337200
 Income Statement for the year ended 31 Dec 2018
Particulars (Expense) Amt Particulars (Income) Amt
Depreciation Expense - Professional Library 2400 Tution Fees earned 134950
Depreciation Expense - Equipment 5000 Training Fees earned 96600
Salaries Expense 44650
Insurance expense 9500
Rent Expense 33400
Teaching supplies expense 50000
Advertising expense 19000
Utilities expense 13400
Profit (Balancing Figure & Other Equity) 54200
231550 231550

Balance Sheet of Chiara Co as on 31 Dec 2018

Assets: Amt
Current Assets: 60000
Cash 5750
Accounts Receivable 20000
Teaching Supplies 9500
Prepaid Insurance

Non-current Assets:
Professional Library 7100
Equipment 15000

Total Assets 117350

Liabilities and Equity:
Current Liabilites:
Accounts Payables 11200
Salaries payables 450

Equity:
Common Stock 11000
Other Equity(Retained earning+ Profit-
Dividends) 94700

Total of Liabilities and Equity 117350