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Case Tapaswini Book Store

This document contains the journal entries for Case tapaswini book store from January 1, 1998 to April 15, 1998. There are 27 journal entries recording various transactions including the initial capital infusion, purchases, sales, expenses and inventory. The trial balance and financial statements including the balance sheet and income statement are also provided at the end.

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66 views25 pages

Case Tapaswini Book Store

This document contains the journal entries for Case tapaswini book store from January 1, 1998 to April 15, 1998. There are 27 journal entries recording various transactions including the initial capital infusion, purchases, sales, expenses and inventory. The trial balance and financial statements including the balance sheet and income statement are also provided at the end.

Uploaded by

harleeniitr
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Case tapaswini book store

Group 4 team Ajay Harleen Jones Kuldeep Saket Shekharjyoti Subhradip NMP 7 NMP 24 NMP 27 NMP 29 NMP 42 nmp 50 NMP 54

store

Sl no Date 1 1.1.98

2 1.1.98

3 1.1.98

4 1.1.98 5 3.1.98

6 3.1.98 7 31.1.98

8 31.1.98 9 31.1.98 10 31.1.98 11 5.2.98 12 12.2.98 13 28.2.98

14 28.2.98 15 28.2.98 16 28.2.98 17 12.3.98 14.3.98 19 15.3.98

Journal Entries A/c Dr Amt Cash 330000 Capital Capital infused by owner Sec. Deposit 100000 Cash Security deposit paid from cash account Equipment 50000 Cash Book shelves etc. procured from cash account Inventory 189000 A/C payable A/C payable 170000 Cash Payment released to Padmalaya Agencies A/C payable 1000 Revenue cash 58800 misc expense 1500 Revenue cash salary & wages 7500 rent 6000 cash a/c receivable 180000 revenue a/c payable 18000 cash Inventory 135000 a/c payable granthalaya cash 50000 misc expense 1480 Revenue a/c payable granthalaya 75000 Cash salary & wages 7500 Cash rent 6000 cash cash 135600 a/c receivable Inventory 150000 a/c payable a/c receivable xavier 78200 Revenue

Cr Amt 330000

100000

50000

189000 170000

1000

60300 7500

6000 180000 18000 135000

51480 75000 7500 6000 135600 150000 78200

20 30.3.98

21 31.3.98

22 31.3.98 23 31.3.98 24 3.4.98 25 5.4.98 26 10.4.98 27 15.4.98

cash misc expense Revenue salary & wages Cash Salary payable rent cash A/c payable cash Cash a/c receivable xavier a/c payable granthalaya cash Inventory a/c payable granthalaya Cash loan a/c

60000 1260 61260 7500 5000 2500 6000 6000 80000 80000 50000 50000 60000 60000 25000 25000 1000000 1000000

To Capital A/c to revenue a/c to revenue a/c to a/c receivable to revenue a/c to a/c receivable xavier to loan a/c

Cash A/c Dr 330000 By Security Deposit 58800 By equipt account 50000 By A/C payable 135600 by salary a/c 60000 by rent 50000 by a/c receivable 1000000 by a/c payable granthalaya by salary a/c by rent by salary a/c by rent by a/c payable by a/c payable granthalaya Debit balance 1684400

Cr 100000 50000 170000 7500 6000 18000 75000 7500 6000 5000 6000 80000 60000 1093400 591000

Capital A/c Dr Credit balance 330000 By Cash A/c Cr 330000

Security Deposit A/c Dr To Cash A/c 100000 Debit balance Cr 100000

To Cash A/c

Equipment asset A/c Dr 50000 Depreciation debit balance

Cr 1458 48542

Inventory A/c Dr To Account payable to a/c payable granthalaya to a/c payable to a/c payable granthalaya 189000 by COGS 135000 150000 25000 499000 debit balance Cr 344992

154008

to cash to revenue to cash to cash Credit balance

A/C payable Dr 170000 by Inventory A/C 1000 by Inventory A/C 18000 80000 70000

Cr 189000 150000

Credit balance

Revenue A/C Dr 432240 by a/c payable by cash by misc exp by acc receivable by cash by misc exp by a/c receivable xavier by cash by misc exp

Cr 1000 58800 1500 180000 50000 1480 78200 60000 1260

salary wages Dr To cash To cash To cash to salary payable Cr 7500 debit balance 22500 7500 5000 2500

misc expense Dr to revenue a/c to revenue a/c to revenue a/c Cr 1500 1480 1260 4240

rent expense Dr to cash a/c to cash a/c to cash a/c Cr 6000 6000 6000

a/c receivable Dr to revenue 180000 by cash debit balance Cr 135600 44400

a/c payable granthalaya Dr to cash to cash 75000 by inventory 60000 by inventory Debit balance Cr 135000 25000 25000

a/c receivable xavier Dr to revenue 78200 by cash debit balance Cr 50000 28200

a/c receivable xavier Dr by salary and wages Cr 2500

loan a/c Dr by cash Cr 1000000

COGS Dr to inventory Cr 344992

Depreciation Dr to equipment Cr 1458

Assets Cash equipment a/c receivable a/c receivable xavier inventory security deposit a/c payable a/c payable granthalaya salary payable Capital revenue salary wages misc expense rent expense loan a/c COGS depreciation Total

Trial balance Dr 1093400 48542 44400 28200 154008 100000

Cr

70000 25000 2500 330000 432240 22500 4240 18000 1000000 344992 1458 1859740

1859740

COGS depreciation salary wages misc expense rent expense Profit

PL a/c 344992 revenue 1458 22500 4240 18000 41050

432240

Balance Sheet Liabilities a/c payable a/c payable granthalaya salary payable loan a/c Stockholder equity Capital Retained earning 70000 25000 2500 1000000 Assets Cash security deposit a/c receivable a/c receivable xavier inventory 330000 equipment 41050 1468550 1093400 100000 44400 28200 154008 48542 1420008

Assets Cash equipment a/c receivable a/c receivable xavier inventory security deposit a/c payable a/c payable granthalaya salary payable Capital loan a/c Retained earning

Opening entry sheet Dr Cr 1093400 48542 44400 28200 154008 100000 70000 25000 2500 330000 1000000 41050 1468550

1468550

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