Question

6.2 Enter the following transactions of an antiques shop in the accounts and extract a trial balance as at 31 March 2017 2017 1 Started in business with £8,000 in the bank. March 2 Bought goods on time from: L. Frank f550; G. Byers f540; P. Lee £610. 5 Cash sales (510. 6 Paid wages in cash £110. 7 Sold goods on time to: J. Snow £295; K. Park £360; B. Tyler £640. 9 Bought goods for cash £120. 10 Bought goods on time from: G. Byers £410; P. Lee £1,240. 12 Paid wages in cash £110. 13 Sold goods on time to: K. Park £610; B. Tyler £205 15 Bought shop fixtures on time from Stop Ltd £740. 17 Paid G. Byers by cheque £700. 18 We returned goods to P. Lee 183. 21 Paid Stop Ltd a cheque for £740. 24 B. Tyler paid us his account by cheque £845. 27 We returned goods to L. Frank f18. 30 G. Prince lent us £1,000 by cash. 31 Bought a van paying by cheque £6,250.

anyone can help ?

question 1

Answer 1

6.2

Ledger Accounts

Dr.	Bank		Cr.
Particulars	Amount	Particulars	Amount
To Capital	8000	By Stop Ltd.	740
To B. Tyler	845	By Van	6250
		By G. Byers	700
		By Balance c/d	1155
	8845		8845
	Capital
To Balance c/d	8000	By Bank	8000
	8000		8000
		By Balance b/d	8000
	Purchases
To L. Frank	550	By Balance c/d	3470
To G. Byers	540
To P. Lee	610
To Cash	120
To G. Byers	410
To P. Lee	1240
	3470		3470
To Balance b/d	3470
	L. Frank
To Purchase Returns	18	By Purchases	550
To Balance c/d	532
	550		550
		By Balance b/d	532
	G. Byers
To Bank	700	By Purchases	540
To Bal c/d	250	By Purchases	410
	950		950
		By Bal B/d	250
	P. Lee
To Purchase Returns	83	By Purchases	610
To Bal c/d	1767	By Purchases	1240
	1850		1850
		By Bal b/d	1767
	Cash
To Sales	510	By Wages	110
To G. Prince	1000	By Purchases	120
		By Wages	110
		By Bal c/d	1170
	1510		1510
	Sales
To Bal c/d	2620	By Cash	510
		By J. Snow	295
		By K. Park	360
		By B. Tyler	640
		By K. Park	610
		By B. Tyler	205
	2620		2620
		By Bal B/d	2620
	Wages
To Cash	110	By Bal c/d	220
To Cash	110
	220		220
To Bal b/d	220
	J. Snow
To Sales	295	By Bal c/d	295
	295		295
To Bal b/d	295
	K. Park
To Sales	360	By Bal c/d	970
To Sales	610
	970		970
To Bal c/d	970
	B. Tyler
To Sales	640	By Bank	845
To Sales	205
	845		845
	Shop Fixtures
To Stop Ltd.	740	By Bal c/d	740
	740		740
To Bal b/d	740
	Stop Ltd.
To Bank	740	By Shop Fixtures	740
	740		740
	Purchases Returns
To Bal c/d	101	By P Lee	83
		By L Frank	18
	101		101
		By bal b/d	101
	G. Prince
To Bal c/d	1000	By Cash	1000
	1000		1000
		By bal b/d	1000
	Van
To Bank	6250	By Bal c/d	6250
	6250		6250
To Bal b/d	6250

Trial Balance

Particulars	Debit	Credit
Bank	1155
Capital		8000
Purchase	3470
L Frank		532
G Byers		250
P lee		1767
Cash	1170
Sales		2620
J Snow	295
K Park	970
Wages	220
Shop Fixtures	740
Purchase Returns		101
G.prince		1000
Van	6250
Total	14270	14270

6.3A

Particulars	Debit	Credit
Bank	7536
Capital		15900
Purchase	3225
T Rae		430
R Charles		613
Cash	1070
Sales		2383
Rent	175
Business Rates	130
T Gray	1640
Wages	290
Purchase Returns		45
F. Jack		165
Sales Returns	20
Van	11150
Tumkey Motors		4950
B.Bennet		750
Total	25236	25236

ABOVE ANSWER CONTAINS LEDGER ACCOUNTS AND TRIAL BALANCE OF 6.2 AND TRIAL BALANCE OF 6.3A

DUE TO TIME CONSTRAINTS I TRIED TO SOLVE MAXIMUM I CAN YOU CAN TAKE REFRENCE OF 6.2 SOLVE FOR THE LEDGER ACCOUNTS OF 6.3A AND VERIFY WITH THE TRIAL BALANCE I ATTACHED

YOU CAN ALSO SOLVE 6.4A BY TAKING REFRENCE FROM 6.2. ANY QUERIES PLEASE REPLY IN COMMENT SECTION. THANK YOU