The Pineapple Pub

Balancing Accounts and the Trial Balance

Scene 82 / of 100

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	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
				December 31	Balance c/d	40600
		90800				90800
January 1	Balance b/d	40600

DR	Capital Account					CR
Date	Details	Amount		Date	Details	Amount
December 31	Balance c/d	40000		December 1	Bank Account	40000
		40000				40000
				January 1	Balance b/d	40000

DR	Creditor - Flash Sales Limited Account					CR
Date	Details	Amount		Date	Details	Amount
December 17	Bank Account	8000		December 6	Furniture Account	18000
December 31	Balance c/d	10000
		18000				18000
				January 1	Balance b/d	10000

DR	Creditor - Kensington Supplies Limted Account					CR
Date	Details	Amount		Date	Details	Amount
December 31	Balance c/d	6000		December 9	Purchases Account	6000
		6000				6000
				January 1	Balance b/d	6000

DR	Debtor - Hampstead Heath Party Hire Account					CR
Date	Details	Amount		Date	Details	Amount
December 18	Sales Account	2000		December 21	Bank Account	1800
				December 21	Discount Allowed Account	200
		2000				2000

DR	Discount Allowed Account					CR
Date	Details	Amount		Date	Details	Amount
December 21	Debtor - Hampstead Heath Party Hire Account	200		December 31	Balance c/d	200
		200				200
January 1	Balance b/d	200

DR	Drawings Account					CR
Date	Details	Amount		Date	Details	Amount
December 23	Bank Account	4200		December 31	Balance c/d	4200
		4200				4200
January 1	Balance b/d	4200

DR	Energy Expenses Account					CR
Date	Details	Amount		Date	Details	Amount
December 29	Bank Account	3500		December 31	Balance c/d	3500
		3500				3500
January 1	Balance b/d	3500

DR	Furniture Account					CR
Date	Details	Amount		Date	Details	Amount
December 6	Creditor - Flash Sales Limited Account	18000		December 31	Balance c/d	18000
		18000				18000
January 1	Balance b/d	18000

DR	Leasing Expenses Account					CR
Date	Details	Amount		Date	Details	Amount
December 12	Bank Account	3500		December 31	Balance c/d	3500
		3500				3500
January 1	Balance b/d	3500

DR	Purchases Account					CR
Date	Details	Amount		Date	Details	Amount
December 9	Creditor - Kensington Supplies Limted Account	6000		December 31	Balance c/d	6000
		6000				6000
January 1	Balance b/d	6000

DR	Rent Payable Account					CR
Date	Details	Amount		Date	Details	Amount
December 7	Bank Account	20000		December 31	Balance c/d	20000
		20000				20000
January 1	Balance b/d	20000

DR	Rent Receivable Account					CR
Date	Details	Amount		Date	Details	Amount
December 31	Balance c/d	4000		December 8	Bank Account	4000
		4000				4000
				January 1	Balance b/d	4000

DR	Sales Account					CR
Date	Details	Amount		Date	Details	Amount
December 31	Balance c/d	47000		December 5	Bank Account	10000
				December 18	Debtor - Hampstead Heath Party Hire Account	2000
				December 24	Bank Account	15000
				December 31	Bank Account	20000
		47000				47000
				January 1	Balance b/d	47000

DR	Wages Account					CR
Date	Details	Amount		Date	Details	Amount
December 15	Bank Account	11000		December 31	Balance c/d	11000
		11000				11000
January 1	Balance b/d	11000

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