Bling

Balancing Accounts and the Trial Balance

Scene 118 / of 136

Balancing Other Accounts

Some ledger accounts have one transaction each and therefore there is no real calculation involved. They would be balanced as shown here.

DR	Advertising Account					CR
Date	Details	Amount		Date	Details	Amount
May 8	Bank Account	400		May 31	Balance c/d	400
		400				400
June 1	Balance b/d	400

DR	Bank Account					CR
Date	Details	Amount		Date	Details	Amount
May 1	Capital Account	5000		May 3	Rent Payable Account	1000
May 2	Loan Account	10000		May 4	Equipment Account	1200
May 18	Sales Account	960		May 8	Advertising Account	400
May 25	Sales Account	1220		May 9	Insurance Account	300
May 28	Debtor Greenland Golf Club Account	250		May 10	Purchases Account	2300
May 30	Sales Account	880		May 11	Purchases Account	1800
				May 15	Cash Account	300
				May 28	Drawings Account	600
				May 29	Creditor Shops R Us Account	800
				May 30	Bank Interest Account	50
				May 31	Balance c/d	9560
		18310				18310
June 1	Balance b/d	9560

DR	Bank Interest Account					CR
Date	Details	Amount		Date	Details	Amount
May 30	Bank Account	50		May 31	Balance c/d	50
		50				50
June 1	Balance b/d	50

DR	Capital Account					CR
Date	Details	Amount		Date	Details	Amount
May 31	Balance c/d	5000		May 1	Bank Account	5000
		5000				5000
				June 1	Balance b/d	5000

DR	Cash Account					CR
Date	Details	Amount		Date	Details	Amount
May 15	Bank Account	300		May 26	Sales Returns Account	30
				May 31	Balance c/d	270
		300				300
June 1	Balance b/d	270

DR	Creditor Shops R Us Account					CR
Date	Details	Amount		Date	Details	Amount
May 29	Bank Account	800		May 5	Equipment Account	800
May 31	Balance c/d	4500		May 6	Fixtures & Fittings Account	4500
		5300				5300
				June 1	Balance b/d	4500

DR	Creditor Style Accessories Account					CR
Date	Details	Amount		Date	Details	Amount
May 14	Purchases Returns Account	120		May 13	Purchases Account	1400
May 31	Balance c/d	1280
		1400				1400
				June 1	Balance b/d	1280

DR	Debtor Greenland Golf Club Account					CR
Date	Details	Amount		Date	Details	Amount
May 23	Sales Account	250		May 28	Bank Account	250
		250				250

DR	Drawings Account					CR
Date	Details	Amount		Date	Details	Amount
May 28	Bank Account	600		May 31	Balance c/d	600
		600				600
June 1	Balance b/d	600

DR	Equipment Account					CR
Date	Details	Amount		Date	Details	Amount
May 4	Bank Account	1200		May 31	Balance c/d	2000
May 5	Creditor Shops R Us Account	800
		2000				2000
June 1	Balance b/d	2000

DR	Fixtures & Fittings Account					CR
Date	Details	Amount		Date	Details	Amount
May 6	Creditor Shops R Us Account	4500		May 31	Balance c/d	4500
		4500				4500
June 1	Balance b/d	4500

DR	Insurance Account					CR
Date	Details	Amount		Date	Details	Amount
May 9	Bank Account	300		May 31	Balance c/d	300
		300				300
June 1	Balance b/d	300

DR	Loan Account					CR
Date	Details	Amount		Date	Details	Amount
May 31	Balance c/d	10000		May 2	Bank Account	10000
		10000				10000
				June 1	Balance b/d	10000

DR	Purchases Account					CR
Date	Details	Amount		Date	Details	Amount
May 10	Bank Account	2300		May 31	Balance c/d	5500
May 11	Bank Account	1800
May 13	Creditor Style Accessories Account	1400
		5500				5500
June 1	Balance b/d	5500

DR	Purchases Returns Account					CR
Date	Details	Amount		Date	Details	Amount
May 31	Balance c/d	120		May 14	Creditor Style Accessories Account	120
		120				120
				June 1	Balance b/d	120

DR	Rent Payable Account					CR
Date	Details	Amount		Date	Details	Amount
May 3	Bank Account	1000		May 31	Balance c/d	1000
		1000				1000
June 1	Balance b/d	1000

DR	Sales Account					CR
Date	Details	Amount		Date	Details	Amount
May 31	Balance c/d	3310		May 18	Bank Account	960
				May 23	Debtor Greenland Golf Club Account	250
				May 25	Bank Account	1220
				May 30	Bank Account	880
		3310				3310
				June 1	Balance b/d	3310

DR	Sales Returns Account					CR
Date	Details	Amount		Date	Details	Amount
May 26	Cash Account	30		May 31	Balance c/d	30
		30				30
June 1	Balance b/d	30

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