Action Accounting
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The Pineapple Pub
Balancing Accounts and the Trial Balance: Bank
Scene 66
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Introduction
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Double Entry
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Balancing Accounts
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Trial Balance
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Income Statement
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Balance Sheet
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Completed Financial Statements
Balance the Bank Account: Find the Balancing Figure
Balance the Bank Account to find out how much money Jason has at the end of the month
Look at the account and calculate out how much each side totals. Then find the difference between the two sides. This is the balancing figure.
Type figures in the "post-it" note below
DR
Bank Account
CR
Date
Details
Amount
Date
Details
Amount
December 1
Capital Account
40000
December 7
Rent Payable Account
20000
December 5
Sales Account
10000
December 12
Leasing Expenses Account
3500
December 8
Rent Receivable Account
4000
December 15
Wages Account
11000
December 21
Debtor - Hampstead Heath Party Hire Account
1800
December 17
Creditor - Flash Sales Limited Account
8000
December 24
Sales Account
15000
December 23
Drawings Account
4200
December 31
Sales Account
20000
December 29
Energy Expenses Account
3500
Debit side total equals
Credit side total equals
Difference equals
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Debit side total equals €90800. Credit side total equals €50200. Difference equals €40600.
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